Many people subscribe to the idea that to get a high return you must take a high risk, that low risk leads to low return. I think this keeps people poor, because they either lose a lot or fail to make meaningful returns.
In my experience the rich approach risk quite differently and look for asymmetric risk return; low risk, high return.
If you are looking to expand your business, or your finances, I’d encourage you to look for asymmetric risk return; how can you trial that new idea without sinking a lot of money into it?
It takes a little more thinking, but it’s worth it.
I have never resonated with the word ‘balance.’ It sounds too mediocre, too ‘little bit of everything done not that great.’
When I wash clothes, I leave the light on in the laundry room so I can’t forget about a wet load of washing in the machine.