Three really strong interests I have are Business, Gambling and Investing. Three unique game fields, but they all have the same goals, to increase revenues. Business, is the most controllable followed by Investment and then Gambling. I find it interesting how many people use these three words interchangeably. Most people will always tell you to start a business is a game so you play games. Investment is risky, therefore you play there too. What a joke! Certainly there is a chance that occurs in investment and business, but both can be won or earn a positive income consistently over time, so its not a gig. In the following paragraphs, I put the record directly at risk in terms of business, investment and gaming.
Business requires skills and building a business can be an art. As with crossing the street, it can be risky that the risk is extremely controllable and can be minimized by knowledge and skill. Of course, it can be very risky to cross an urban highway and that the risk can be minimal if you cross a highway in a rural city. Just as we can determine what risk we take on us by determining what kind of road we want to cross on foot, we can also control business risks by determining what business we want to take on and in what industry. We can minimize risks and increase success by increasing our expertise in construction companies. Some people with an employees mentality will feel that they have minimized the risk that I will not start a business and instead they will get a job.
In fact, all they have done is the risk in someone elses hands. They leave the risk of the company they work for in the hands of the business owner they work for. But they also leave the risk of their primary income in the hands of others as well. In this situation, the employee may lose his job due to cuts, bankruptcies or any other negative consequences that may arise on business. To the employee who has a family, average household debt, other financial obligations and survivors, the consequences of losing jobs can be disastrous. I find it more risky to leave my financial future in the hands of someone else than to take control of it by starting and building my own business. Therefore, I strive to be a successful business owner and not an employee.
Investing again means risk, but risk can be minimized and sometimes eliminated by understanding your investments. Because you usually invest in a company of another person, there is still some risk associated with your investments because they are less controllable. In other words, you invest in someone elses ability to run a business and not your own. Actually, this kind of risk is in any way equal to the risk an employee takes. Investments may be less risky than employment for several reasons. Firstly, if you have done your research, you have a solid understanding of your investments, the business model they are based on and the future ahead of them. This is all that most employees do not research before they start working with a company. Even most do not earn their primary income from an investment, but most employees earn their primary income from their jobs. Investors can actually take less risk than most employees by understanding the companies behind their investments.
Gambling is great luck and is therefore the most risky of my interest according to most. However, I suggest that although this is not entirely correct. Now I agree that gambling is definitely the most risky, but its not entirely successful. Gambling is a math game and understanding that the mathematics behind your playing game will help you succeed more often or at least make your bankroll last as long as possible. With the exception of Poker, there are no legit professional players lasting as long as professionals. Poker is different because it is not a game of pure math and chance; A very big element in poker is the skill of the other players at the table. Most people are really ignorant when it comes to gambling I often go to the casino, people are playing playfully playing games with a huge amount of odds against them and they have no idea. Just one quick about two casino-controlled games that are usually beat in the short run is Blackjack, as long as you use basic strategy and yes there is a strategy for that game. If you play that game that just tries to get close to 21 you will lose and usually lose quickly. The second game is Craps, this game has some of the best and worst bet in the casino all on a table. As long as you know what are the good games compared to the bad bets, you can sometimes play for a long time on a Craps table with a minimal bankroll.