Comments on: One Way of Abolishing Risk

By: The Secret of Ultra-Mobility Without Owning a Car | Far Beyond The Stars: The Archives

Tue, 15 Feb 2011 03:36:45 +0000

[...] Oh! And don’t forget to check out my guest post on Julien Smith’s (co-author of Trust Agents) blog: One Way to Abolish Risk. [...]

By: The Minimalists | Essays

The Minimalists | Essays — Wed, 09 Feb 2011 16:02:30 +0000

[...] your home was foreclosed, then find a small apartment, reduce your expenses, and live a simpler [...]

By: Nate Dodson

Nate Dodson — Mon, 07 Feb 2011 13:29:05 +0000

It works. I even went so far as to cancel my cell phone for several months. It gave me the creative space to be able to complete four small business projects simultaneously.

By: Rick Wolff

Rick Wolff — Sat, 01 Jan 2011 16:55:19 +0000

One reason I’d like to boost my income (actually, at this moment, GET an income) is to get out of some stupid credit card debt my wife and I accumulated early in our marriage, to which we haven’t added in about 10 years, and have whittled down in that time, until I lost my job. To lower my risk, should I declare bankruptcy? That’s how I’m interpreting what you’re saying.

By: Mark

Mark — Tue, 07 Dec 2010 19:22:06 +0000

Good advice, but harder to implement when you’re responsible for others (i.e., family, kids, etc.) Never-the-less, a chance to lead by example and focus on what’s truly important!

By: Maybe you should just stop being a fucking pussy

Maybe you should just stop being a fucking pussy — Fri, 03 Dec 2010 13:56:35 +0000

[...] Are you afraid of looking stupid, or going broke? [...]

By: Colleen Clifford

Colleen Clifford — Sun, 01 Aug 2010 16:09:03 +0000

I think the need to “look successful” is ultimately what holds many people back from actually *being* successful. It’s that $6000 overhead that they can’t let go of, those trappings that have meaning in other people’s eyes more so than their own.

The “safety” we seek in social approval and conforming to the system is a mirage – and a potentially dangerous path to take. If we start worrying less about what we have to lose, we can start focusing more on what we have to gain.

Excellent post.

By: Abolish risk | Business is Personal

Abolish risk | Business is Personal — Sun, 01 Aug 2010 15:56:27 +0000

[...] Here’s one way to abolish risk. [...]

By: Michael Bigger

Michael Bigger — Thu, 22 Jul 2010 12:01:37 +0000

In finance we call this low delta with high vision and high delta with low vision.

Interesting to see a guy like Jeff Bezos leaving a high paying Wall Street job to create Amazon.

The most talented people always have elevated opportunity costs. I guess that creates a different dynamic. Maybe not.

By: John McLachlan

John McLachlan — Wed, 21 Jul 2010 14:27:25 +0000

My dad always said “What you don’t spend, you don’t have to earn.”