LEVERAGE IS THE KEY
Naval stated that there are 4 kinds of leverage labour, code, content and capital.
I have also observed the same thing in life the people who are successful have capped over leverage no matter how much we bash narayan murty but he made wealth through leverage of labour there are more affordable engineers here than any other nation so pulled it up. I am not praising him about his work time thing, he is just in trend so just using him as an example.
I have also seen people here bashing people who take risk as gamblers without giving a second thought. how much risk one can take totally depends on what environment an individua is living I have a safe environment so i can bet more which is not true for all.
All i want to say is if you are young and secure take risk as time can change at any moment, while the other who are not so lucky must have to take risk at some point of life.
Risk is non avoidable the only thing you are certain about in this life is death so why fear risk.
there is also a thin line where risk and madness or gambling are separated so make sure you see that line.
for me that line exist where I just trade for the sake of high and now the moment that sudden urge to be in a trade no matter if I lose money is gambling for me, and this line may be different for everybody, but you need to make sure that you at least know that line