SumitI’ve spent the last week or so contemplating how I am managing the risk in my life. It’s probably a good idea to be as mindful as I can be when it comes to managing your risk. I’ve realized that I can use the same method to manage risk as I use to manage money – in this case, using a spreadsheet of the numbers I have in my life to figure out how I am managing it.
In the most conventional sense, I’ve come to realize that I’m making money by investing in a few stocks. I don’t earn money by investing in the market, but I have a number of stocks that I own and have a position in. In a way, I’ve come to realize that the only way I can earn money is to take the risk that it will work out.
As an example, I have an IRA, that I use to invest in stocks. The reason I have an IRA is because I have a significant savings account that I get to use at the end of every month. I can use that money to cover my expenses and invest in the stocks I want to invest in. If the stock price goes up, I keep the money I need to cover my expenses. If its down, I have to start paying my expenses.
In the same way I have an IRA, I also have a retirement savings account. I keep this account in my bedroom because I can’t bring myself to put it in a bank. I know how to do it, but I don’t want to have to deal with the hassle. I also have money set aside for investments in case my current investments decline in value.
You can’t save money for a rainy day, but you can prepare for it and be able to take on the risks that come with it. Like many people, I started investing in the stock market with some funds to get a bit of money ready in the event that the stock market crashed. However, I ended up losing out on a lot of those investments. If the stock market crashes, I’m afraid I’m going to have to start paying my expenses immediately.
This is the main reason why I’m now working on my own website. I’m pretty happy with my work here and am excited to see how it goes.
I’ve been an investor since I was a kid. When I was in school I joined the stock market for a while but after a couple of years I decided it wasn’t for me. A friend told me that I should just start making money from renting stuff out online. I didn’t really care. That was after all why I started a company, but I just couldn’t make it work anymore.
For those who make money from renting things out, the real problem is that there exists a whole generation of people that arent willing to do the work to make the work of renting work. They dont see a need to spend a few hundred dollars on a company like Rentokil, yet they want to buy a house or a car.
To avoid this problem, we have to think of ourselves as renting things. In the process, we want to retain the risk we are taking by renting them. There are a lot of smart people who want to rent stuff and will spend thousands of dollars to rent a house with a pool, but they don’t spend that money on a roof over their head since they want to be able to leave if they don’t like the heat.
With that said, we at Rentokil are always looking for new ways to pay for our rent so we dont have to go into the credit card store and pay hundreds of dollars, plus we are always looking for new ways to spend the money we have in our account.
