Respect The Grind With Stefan Aarnio

Money People Deal: Chapter 5

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Sinopsis

Chapter five of the Money People Deal starts with a definition everybody should have as their mantra: risk. All of the definitions involve some form of loss or suffering, but they all have an element of variability, probability, or chance. After that, Aarnio shares his own definition of risk, as an inventory of elements that are under your control compared with an inventory of elements that are out of your control.  Stefan’s “risk” definition has two primary distinctions that the average definition does not:  It assesses your degree of control in a situation, and assesses your emotions and how you feel about your level of control, eliminating the words “probability” and “chance” from his definition.  “In my world, actions and options are more important than probability. No matter how bad a scenario gets, there are always actions to be performed and options that can be explored. Probability and chance come from past data, and may or may not apply to the present or the future.”  Learn what’s the easiest way to