A risk that paid off

The greatest and most accomplished men in any age are those who launch disclose boldly into the un issuen, non fearing what the untried paths ahead held in store for them, save believing, horizontal beyond belief, that there was a great prize awaiting them at the end of their endeavors.The journey of life itself is more or less taking risks and I have never been afraid to press towards my own uncertainties in the hope that the vector sum, though undefined, would either make or break me. There was one considerable risk that I took in my life that turned out to be quite profitable and which has contributed strongly to my development.Some years ago I took on the repugn to invest in most real estate in the hopes that I could garner some monetary benefits in either the short or medium run. It was a bit strong for me deciding to invest my personal resources into purchasing a house that was in need of real amounts of repairs.When the hazard presented itself I at first conside red that I was not in a very secure financial position at the time that would allow me to recover if I encountered losses as a result of the investment I was contemplating. I weighed the odds and had considerable input from my closest of friends and family in helping me to pull through at a decision.The situation was going to be a challenge to me and I have not been known to back down from a challenge. However, launching out into real estate investment was an unknown path for me and I therefore feared that things wouldnt go as well as I desired.In situations wish well these, when contemplating whether or not to take on risk, Wee and Morse (2007) advise that the equation between the affirmable successes and failures be weighed carefully. Whatever option I examined in making my decision was a great challenge for me. I feared that if I purchased the seat and did the improvements I would end up losing considerably at the end of the day.On the former(a) hand I also feared that this project was the breakthrough that I have been begging for for so umteen years and that I would miss out on a wonderful fortune. It was Collin Powell who had said You never know what you can get away with until you essay (as cited in McGowan, 2007, p. 105) and I wasnt about to miss out on potentially my only chance by shying away from the challenge. Therefore, my reservations deflexion, I decided to purchase the property.McGowan (2007) suggests that at a time prudence is exercised in diminutive risk-taking situations and once proper planning is in place then the fortune of failure, in any endeavor, is significantly minimized. My attack plan with the real estate investment, was therefore to undertake the improvements to the property I purchased at as minimal a cost as possible so that if the returns on sale were not favorable I would not have lost too considerably.In order to tally that the improvements remained within budget I had to undertake all of the work on my own. The pr operty needed significant amount of work in terms of tiling, painting and landscaping and I undertook these tasks independently. Of course it was taxing on my energy, time and resources to undertake this on my own. However, each day when I saw the improvements I was comforted that my efforts were not being wasted.Gradually I was able to accomplish all the repairs and produced my own work of art. I was really impress with the way I was able to face up and kept focus on the task during this critical stage of my investment. My motivation was the prospect that the returns I obtained would be considerable and my efforts would not have all been in vain.The long and short of the story is that I was able to double my investment on the property. When I laid the property on the market it was not long before I got calls from eager customers willing to make me way above what I had initially invested in the project. The improvements I had undertaken really made a significant difference to the point where I was able to double the money I spent on the property. and then the success of my venture proved to me that, according to Wee and Morse (2007), those who are wiling to launch out and try something new, are the ones that achieve in life.Had it not been for this risk-taking activity my life would have been significantly different to date. For me, aside from the financial gains from the investment, the most important benefit of that single venture is being able to take some time off from work and return to college.For some time I had been considering going back to college but given my work situation I knew I would not have been able to afford the tutelage and additional costs any time soon. I am where I am today because of the opportunity afforded me by that single venture.