People often believe that the bank is the best place to keep their money safe, but is this really wise? Which is better: dumping your money into a bank account out of fear of losing it, or putting it into an investment? True, there are risks associated with investments, but one thing to keep in mind is that successful men are the most daring risk-takers. Life is full of risks, and dumping your money in a bank account is one of them. When you refuse to invest because you are afraid of losing your money, you are bringing yourself closer to poverty, which will undoubtedly overwhelm you if you do not make a quick change of mind. This. This brings me to the phrase “SCARED MONEY DON’T MAKE NO MONEY”.
This phrase is an investment philosophy that asserts that one cannot afford to be afraid of losing money in order to see large long-term returns. During a University of Louisiana game, Napier said, "Scared money don't make no money." This happened during an interview when he was asked to explain why he chose to keep his foot on the gas and go for the touchdown instead of taking the field goal and heading to the locker room up by two touchdowns.
This phrase applies to anyone who aspires to achieve financial freedom. Consider this: when you dump your money in a bank account, you continue to work for money, whereas when your money is properly invested in a legitimate business, your money continues to work for you. To put it another way, in order to achieve financial freedom, your money must work for you. I'm not a financial expert, but if you have all of your money dumped in a bank account with no investment, you're on the verge of bankruptcy.
Investments provide long-term security. Even a well-known musician, "Young Jeezy," acknowledged this in his lyrics when he said, "scared money don't make no money." People who are afraid to take risks in business, life, and the financial markets are unlikely to succeed because monetary rewards come from taking risks. Every money is hidden behind a risk, and in order to obtain it, you must first subdue the risk. If you do not risk your capital, you will end up having no capital.
Is this to say that fear does not exist? No, fear is merely a natural emotion, and being afraid of failure is a common occurrence. Much fear makes one over conscious and conservative that they do not take any risk which eventually results in them not making any money.
My Story
I opened this hive account in February, and what I met was the Leo Finance team's launch of Polycub. Despite the fact that I haven't made any money from the system at the time, I had to do a lot of research to understand Polycub's business model. It became clear to me that it is run by enthusiasts and trusted individuals. "You can't be in the pool and have soap cover your eyes," my parents always say. As a result, I made my small investment in Polycub, which I am confident will produce excellent results.
It is worth noting that most failures are caused by fear, which originates in the primitive center of the brain. Such fear prevents the brain from acting in accordance with consciousness.
Two Implications of Scared Money
Lots of missed opportunities: it's not a bad thing to consider the risks associated with a business, but overthinking only makes you a cautious person, and money doesn't come from inaction. When it comes to entering or exiting a business, your instincts should guide you.
Second-Guessing Yourself: Confidence is essential in business, trading, or whatever you do. To build and maintain your confidence, never transact or trade with money you cannot afford to lose, as this will always cause you to second-guess yourself. When this occurs, doubt will creep in, even in your high probability trade setup. Suddenly, you find yourself lowering your profit targets and increasing the size of your stop loss.
In Conclusion, it is the right decision to let your instinct guide you as long as your instinct is not driven by fear. Refusal to invest due to fear of losing is a smooth ride to becoming a loser. However, in whatever thing you do, always remember this precious phrase “SCARED MONEY DON’T MAKE NO MONEY”, maybe, that may give you a reason to take more risks.
Thanks for Reading.
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