![0001-12998399040_20211124_073108_0000.png](https://images.hive.blog/DQmS8tVPEvY3EBN453WYkdncM7PjqVAmUZJcgL14aAEoUzt/0001-12998399040_20211124_073108_0000.png)



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### A Distinctive M.O


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Personal Finance is about having creative strategies, and these concepts are born as a result of experiences gotten through exposure. Everyone has an **M.O** *Modus operandi* when it comes to spending, and this is one's signature spending tendencies that's particular synonymous and unique with them. Over the years I've discovered that I was more of the *saving type* irrespective of if I had *less* or *more*. 



One of the things that's changed about my personal finance mindset is as a result of the huge impact of crypto, nevertheless it didn't make me change the fact that I loved *saving*. I've met people are *risk-takers*, they have been risk-taker from day one, even when they had nothing, they can sacrifice their current financial standing no matter how shallow it is for an even bigger position and this to me is what I call *domineering financial recklessness*. Some people think they're strategies when they sacrifice two birds at hands to actually gain 5 more in the forest, and this is where the thin line between greed and risk taking is drawn. 


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### Risk: Greed; A Balanced Ratio?

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Listen, being greedy and being a risk-taker are two different things.  People who are greedy are motivated by *multiplications*, they reckon turning $5 into $2000 with some simple scheme and arithmetic, now they don't mind borrowing to add to this $5 to make it $10 increasing their chances of having $4000.

 Now going from having $5 to $10 would require them to borrow, but since they feel they can gain massive interest on the money they have borrowed while returning just the initial money to the owner. Most of the people who are greedy are irrational risk-takers and the money you find yourself liquidating every of your financial standing for smarter *ROIs* and quicker money, this is when you should realize that you're finally losing. One thing with taking risks is that one understands the repercussions. 




Understanding repercussions would create instances of failures in the mind of someone: *"if I lose, my family will starve, I might be exposed to further expense, my plans for the year would be shattered"*. These are the specific kinds of thoughts of repercussions. Knowing these risks and still willing to go ahead means that one has weighed their options, calculated the events that might happen in worst case scenario before they finally make the decision. 


One thing about risk-takers is that their decisions go through thorough scrutiny, initially they're motivated by the rewards by going through these evaluations process, makes them go *easy* on their initial plans and of course allows them to put precautionary measures in place should the worse case scenario happens. While greed can be good, it is mostly bad, especially when people begin to calculate their chances of multiply what they have at hand without considering the *possibility* of anything going wrong. 


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![IMG_20200705_164612-02-01.jpeg](https://images.hive.blog/DQmZ5CPjnvLeArZBdZJLpuWXqFuriDhP64C8CpUMFhPpHU2/IMG_20200705_164612-02-01.jpeg)


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### An Elasticity Limit?

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Most people go from the *smartest* to the *dumbest* and this is because of how they try to expand *money*..... their money, to an unimaginable elasticity limit. One of the biggest lesson I've learned about money is that, not trying to be too *smart*, being greedy is how people come up with audacious *plans*. To them, it feels totally brilliant, but this is so because they have taken the effort to calculate how much they stand to gain but not how much they stand to lose. Being on hive has taught me something, and that's the fact that building sustenance is better than chasing gains beyond reckoning.

 While money is good, it's important to understand that there are some foundational phenomenons we cannot change about money and that's the fact that everyone is prone to loss and trying to be too skillful with money theoretically can make you wealthy, but practically you might just lose everything and this is *ground zero*. If your strategies can take you back to ground zero, then you're not just a risk-taker, you're greedy. 


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### The Intent To Having Money


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To me having money is not about having all the millions, it's about leaving *ground zero* and continuously moving at a sustainable pace where the repercussions of my risks would only take me a few steps backward but nowhere near *ground zero*. One of the reasons why people fall back to ground zero after so attaining good heights is because they don't think getting there is actually possible. Some things in our personal finance lives we think are impossible are what actually happens to us. 


It's like someone buying attacking tools without a proprietary measure to actually protect themselves. Truth is, this is how greedy people are, they prepare for abundance by sacrificing everything. Being greedy is however not all gloomy, this is because its perks can include the elements of luck. Luck is how we achieve most things we tried out, not because we're better strategists, but because so many external factors worked in our favor. At the end of the day, one's ability to make wealth is how refined they are and not the money in itself. So, invest more in your *modus operandi*






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> **Interested in some more of my works?**



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##### [Circumstance Or Self Induced: How Do We Generally Lose People?](https://hive.blog/hive-123046/@josediccus/pynmgqss)



##### [Financial Literacy For Beginners & The "Unaware"](https://hive.blog/hive-167922/@josediccus/financial-literacy-for-beginners-and-the-unaware)



##### [Rusty Songs_ (An Original Poetry)](https://hive.blog/hive-150329/@josediccus/rusty-songs-an-original-poetry)




##### [Lessons To Learn As A Potential Nigerian Migrating To Another Country.](https://hive.blog/hive-167922/@josediccus/lessons-to-learn-as-a-potential-nigerian-migrating-to-another-country)



##### [Buying Education; Missing Out On Knowledge (Ignoring The internet As An Important Learning Tool) [Part 2]](https://hive.blog/hive-167922/@josediccus/buying-education-missing-out-on-knowledge-ignoring-the-internet-as-an-important-learning-tool-part-2)



##### [How Not To Be A Bad Content Creator.](https://hive.blog/hive-167922/@josediccus/how-not-to-be-a-bad-content-creator)



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![FB_IMG_1602619272142-01.jpeg](https://images.hive.blog/DQmRS2fEdV9y8aqPioRCH62W2YvE2oXZahyxGTaukvigR9q/FB_IMG_1602619272142-01.jpeg)












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**My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers**


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#### @Josediccus, your brother-in-pen & heart

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*I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog*

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### <center> [My Twitter handle](https://mobile.twitter.com/PERCIVAL_JOEY)</center>



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@josediccus/risk-greed-luck-and-reward)