Chapter
Benefits of Taking Unbounded Risks
24:12 - 32:41 (08:29)
Taking unbounded risks may have upfront costs like investing time or money, but there is no limit on the potential benefits compared to bounded risks where you control how much you stand to lose. Engaging with one's passion can create unlimited benefits.
Clips
Bounded risks have limited downsides but unlimited potential upside, making them worthwhile to take.
24:12 - 25:57 (01:45)
Summary
Bounded risks have limited downsides but unlimited potential upside, making them worthwhile to take. On the other hand, unbounded risks have no limit to potential losses, making them not advisable to undertake.
ChapterBenefits of Taking Unbounded Risks
Episode80. Why you should take risks in your 20’s
PodcastThe Psychology of your 20’s
When feeling passion and motivation, it is a good sign that you are ready to take risks.
25:57 - 31:51 (05:53)
Summary
When feeling passion and motivation, it is a good sign that you are ready to take risks. Worries about regret and future decision making can be overcome by trusting one's intuition.
ChapterBenefits of Taking Unbounded Risks
Episode80. Why you should take risks in your 20’s
PodcastThe Psychology of your 20’s
The speaker promotes Lulu's as a source for trendy clothing and encourages listeners to use the code LULUSFAN20 to save on their first order.
31:51 - 32:41 (00:50)
Summary
The speaker promotes Lulu's as a source for trendy clothing and encourages listeners to use the code LULUSFAN20 to save on their first order. The speaker also mentions their positive experience with a vacation booked through Cheap Caribbean.com.