Right, but really risking everything is almost impossible to do. Like if I took my life savings and put them on red, I'm still going to be fine because I'll outrace that loss in no time.
To really risk everything I have to burn bridges, damage my brain, and lose all my money.
In the end, you always have yourself. Except when you die. And then it doesn't matter.
Interestingly, though, I've always stopped for people on the side of the road to render aid and had many fun stories come from it but I almost never do when I have women in the car. I'm not entirely sure why but I don't.
The only exception was years ago on the Road to Hana where it was after dark on the South East side of the island and we came upon a family with a busted tyre. But I think on the mainland, probably not.
So maybe there's more to loss than oneself. I think I'd eat total death myself over harm to those I am responsible for.
When I think about taking alternative cost into account you loose more than "just money", you loose all the opportunities that could show up after a week or month later, or until you build savings back.
You always have yourself but consider also how much impact in psyche it might have, will you really have "yourself" after blowing all the savings? It could trigger regret (especially if some opportunity shows up after savings are gone) and could spiral down into depression. It is easy to say "I am strong, I would handle it" before something bad happens.
A fair point. Fortunately, I have tested myself well on this front, both by losing lots of money on leveraged investments and by having multi hundred thousand medical bills and at least my position on money clearly has abundance mentality.
I think the opportunity cost thing is a meaningful thing, but I doubt it'll really hurt since I have significant amounts of money I can draw on through my network.
To really risk everything I have to burn bridges, damage my brain, and lose all my money.
In the end, you always have yourself. Except when you die. And then it doesn't matter.
Interestingly, though, I've always stopped for people on the side of the road to render aid and had many fun stories come from it but I almost never do when I have women in the car. I'm not entirely sure why but I don't.
The only exception was years ago on the Road to Hana where it was after dark on the South East side of the island and we came upon a family with a busted tyre. But I think on the mainland, probably not.
So maybe there's more to loss than oneself. I think I'd eat total death myself over harm to those I am responsible for.