Maretus on Warpcast

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Maretus pfp

Navigating Risk vs. Reward How do you decide when a risk is worth taking? Have you ever taken a big risk that paid off—or one that didn’t go as planned? I have done both. At 19, I took over ownership of a small franchise pizza restaurant. It was a good opportunity but it didn’t go as planned. The restaurant didn’t make money and I struggled to make ends meet. Ultimately, I sold it for a very small profit, but nothing for the time and effort put in. Then, in 2013, I quit my safe job to start a risky digital marketing company. We grew quickly and in 2014, a large competitor made a generous offer to buy out the company. I took that offer and I began working for them. Today, I am much more careful about taking risks. I’m almost 40 and my time is more valuable to me now. I will still take risks but the rewards must be outsized for me to really do so. Let’s talk about the toughest risks you’ve taken in life, what you learned from them, and how you weigh risk vs. reward in your decisions today.

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The Dude Bart🐘🌳 ⌐◨-◨ pfp

The Dude Bart🐘🌳 ⌐◨-◨

I think that one of the biggest risks that I took was a job related one like yours, back in '15 and '16 I used to work for the UN and it was pretty much standard stuff, video editing and some basic translation stuff and what not, and then, I was asked if I wanted to take a much better paying job, but the catch was that I would be stationed in Addis Ababa, Ethiopia, and I was like sure I can do that, but I had to go through stuff like basic training for that, and I saw a couple of active combat zones. It wasn't nice. Like inside the compound was okay, but outside of it, not so much and when we were travelling. I saw the inside of a jail cell in Djibouti, because we were trying to score some hash from a place, and we were the only foreigners there, so they automatically thought we were running the place.. one of our superiors from the UN had to come and rescue us, even after I showed ID, I still have the mugshot, it's hilarious. But now, I try not to take huge risks and go to active combat zones anymore

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TaylorWebb.eth Ⓜ️🤘 pfp

TaylorWebb.eth Ⓜ️🤘

@taylorwebb.eth

A big risk I took was leaving my stable job as a mechanical engineer to work in crypto full time as a dev in 2021. I went to school for ME and worked in the field for ~6 years at this point. So it was pretty scary to completely change career paths into software/blockchain when I had no professional experience, I was only self taught how to build smart contracts & web apps. While it was a scary move, I knew it was the right choice for me. I had been deep into crypto as a side interest for a while at this point, and strongly believed it was going to continue to grow, have a positive impact on the world, and had massive financial upside. So for me the biggest factor in making these tough high stakes decisions comes down to conviction. I had extremely strong conviction in blockchain tech at this time (still do ofc), and that was ultimately the deciding factor for me taking the leap.

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Midnight Marauder Ⓜ️ pfp

Midnight Marauder Ⓜ️

@midnightmarauder.eth

Hurt my back doing as a construction subcontractor, decided to get my real estate license in NYC. Worked in a cutthroat company for a year until I got hired by a boutique firm. It was pretty badass for 4 years. 5 Ave office with a killer view, doorman building all things I’d never experienced before in Brooklyn. Things got weird at the firm after my mentor at the firm was disappeared with her boyfriend. The culprit but never convicted was her landlord that wanted to intimidate them out of their rent controlled loft. Through the connections I made there was able to go back into construction at a much higher level. Ultimately 9-11 has different plans for me after that but that’s another story.

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0ffline.xo🐘🌳 pfp

0ffline.xo🐘🌳

I randomly had an opportunity to go to Canada as an international student at 15, with no English skills. Ofc I wasn’t qualified due to the language barrier, but I was the only one willing to relocate for a year to live with Canadian strangers under supervision. So I went for it. Now I have been living here for over 12 years 🫶🏼

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Tim pfp

great topic! I took a big career change risk about 8 years ago I wasn't being challenged very much in my engineering job and I had a huge interest in real estate due the time freedom it can provide for investors so I ended up getting my license, joined a brokerage, cold called a shit ton of people, sent letters, the whole nine yards. Ended up selling two houses over maybe 9 months and got to the point where I either needed to go all in or just throw the towel. Decided I should give my engineering career a good shot and a great opportunity just fell in my lap. Many years later I'm working for a company that I've loved since I was a kid, it's not all sunshine and rainbows but I've done pretty well for myself and family.

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Midnight Marauder Ⓜ️ pfp

Midnight Marauder Ⓜ️

@midnightmarauder.eth

Restaurant business is hard at, had a good friend almost lose everything after opening one. Then to a digital marketing company. That’s a huge change, but i can tell your a natural. One thing I’ve found it’s much easier selling something you believe in or is quality than not.

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Freytrades🎩📈 pfp

Freytrades🎩📈

the toughest risk i’ve taken and still find my self partaking in is the one that relates to my trading career. i am currently 21 yrs of age, and over the past few years(3) i’ve found myself struggling with being consistently profitable in my trading career because i’ve had to juggle school life and activities with trading but this year has been the one i’ve seen the most progress in. Over the past 3 months i’ve made and lost over $10,000, to break it down further during the month of august i had about $6k in profit but lost it during september and between the end of september till now i’ve made over $3k and lost it all once more this past week. But there is a reason for this my clear foolishness, (which i would share in a later date because i can’t find the right words to explain it in)

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Dvyne pfp

I quit my driving job with no hope for anything, i took the chance of putting all i had in crypto and it did pay off I did something similar in '22, and i lost just about most of my port I still have a high risk, high reward mindset, but my research knowledge is way higher so I don't make a mistake again Luck played it's role in my life, risk has saved me multiple times

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Sammyfrello pfp

Interesting topic really interesting 😂, I used to believe in the idea that “no risk, no reward”. When I started my first teaching job, I invested all my salary in what I thought was a great opportunity but it turned out to be a Ponzi scheme. I even got friends involved and we all lost our money. Since then, I’ve been much more careful about taking risks. I even tried forex trading, but without proper risk management, I ended up blowing up my account 💀 So yeah, I’d love to hear how others have dealt with risky decisions and the strategies that helped them make better choices.

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frederick pfp

I moved from michigan to california with my band in a uhaul with a little more than $1k in my pocket. the first week was cost more than we planned and i started to think i made a mistake the friend we had planned to stay with until we found a place had to and we had no place for our dogs to stay, so we had to board them. we quickly found jobs and rented what seemed like a mansion as a band house... i definitely wouldn't be able to do it today, but it was well worth the risk in my early 20s. today i perform a lot of analysis before making a decision. anything that is a close decision, I go with my gut

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arob.base.eth🍖🎩 pfp

arob.base.eth🍖🎩

I took a big risk joining the company I’m out during COVID in 2020 only 6 months into my post-doc at Stanford. Ended up being the best decision I’ve made but was a huge challenge at the time. I didn’t want to leave my postdoc and wasn’t really looking for a job. Fast forward 4 years later and I’ve moved up the ranks and now own a house and lead a small team doing really cool science, giving cancer patients a chance at survival. Crazy how much one decision will effect your life.

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OTTI🎨🖌 pfp

I mostly decide when a risk is worth taking by weighing it on the present situation and it also depends on the type of risk, if it’s something I’ve thought about critically and I feel I have even a 40% chance of winning by trying it I’ll take the risk, cause luck plays its part too. I’ve risked a huge amount before investing in what I believed in and it paid off greatly.

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Odell Hussey pfp

@odellhussey.eth

I go with my gut when taking a risk. That is probably not the best way, but that's the way I am, it hasn't made me rich but, the experiences I've had have been awesome. I'll just jump in. I took a big risk one time and moved to NYC about 25 years ago. I got a job with a production company, I got to work a lot of famous music acts like Metallica, Red Hot Chili Peppers, and Public Enemy to name a few. It blew my mind at the time, so much fun! Another risk I took moved out to San Francisco (here now) to edit a documentary. When I came out here I met the woman I would marry and now we have 2 sons together. So crazy. The biggest one I took was leaving my small home town in Indiana at 18. At the time it was a huge risk, my town was all I knew, but deep inside I knew I had to go. The lesson is >>> go for it, whatever it is. You will come out the other side wiser, better, and if anything you'll have great stories to tell.

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SchmRdty.eth 🎩 pfp

SchmRdty.eth 🎩

I chose to not take risks

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Punisher_Don pfp

Thanks for sharing your story. I can really relate to your experience of taking risks early in your career. Recently, I made the decision to leave my amazing job to pursue something new, without a second thought. It's been a tough but empowering choice. Looking back, I realize that risks can either lead to major learning opportunities or unexpected success, but the most important takeaway for me has been understanding my own values and long-term goals. Like you, I’m now more mindful of how I weigh risks and rewards, especially when considering the time and effort involved. Would love to hear more about how you assess when the rewards are truly worth the risks nowadays!

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Mistershot🎩 pfp

Wow what a great topic. Let's dive in the replies! 😜

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Perry🎩 pfp

@collectorscanyon.eth

This is a really good topic I’m gonna go give some good thought to this and I’ll be right back

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Favorite Web3 Slut pfp

Favorite Web3 Slut

Navigating risk versus reward is always a balancing act, isn’t it? I’ve found that the key lies in understanding what truly matters to me and what I’m willing to lose. One of the biggest recent risks I took was during the last goals challenge. It pushed me out of my comfort zone in ways I didn’t expect. Honestly, it was a game-changer. I learned to embrace uncertainty, and it taught me the value of taking that leap of faith. There were moments of doubt, but I realized that the potential rewards, - personal growth, new connections, and rediscovering my passions were worth it. On the flip side, I’ve also taken risks that didn’t pan out. For instance, I once invested my time in a project that didn’t align with my values. It felt like a setback at the time, but it taught me invaluable lessons about authenticity and staying true to myself. Today, when weighing risks, I ask myself a few questions: What’s the worst that could happen? Am I ready to accept that outcome? And what do I stand to gain?

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Arash_Shanto⚡ pfp

Arash_Shanto⚡

I've taken risk about admission, but nowadays I never do these mistakes again Always I try to make risk assessment of any situation. So that I can avoid all the failure and can get the success of the journey in life. @maretus.eth sir, in life without failing, can you get success?

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