Risk Only If You Can Afford to LOSE

If you cannot afford losing $8,000, don’t invest $8,000. You can take that risk only if you can AFFORD to lose it.

Think about how much money you are allowed to lose. Risk only that money.

I was in high school, I had a close friend. He had this natural business mentality that he was born with [maybe that’s because his whole family were entrepreneurs]. He would sometimes tell…