One minute read
Jimmy Johnson, former head coach of the Dallas Cowboys, speaks much of "scared money" which has become popularized in various circles, But
what does "scared money" mean?
Playing with scared money often refers to gaming as in black jack, for example, when one, afraid of loosing, will wager little money and in return receives smaller gains, if any.
Johnson, who enjoys black jack, used this philosophy much in football as one who is daring, bold and takes calculated chances, knowing the risks but is willing to put it on the line for
gains all out of proportion to the investment.
This may also be related to one's personal or professional life when one has little he wishes to put at risk consequently has little gains as a result. A basic rule of investing is if one has little to loose, then risk it.
What's the harm if it's lost?
In business, seeking a big payday, not playing with scared money can be easily applied. Soliciting an unlikely but good client who would pay top dollar for my services, is a good applicable example.
How can you use creativity in your life and career?
Get your copy of Shut Up & Draw: A Journey to Creativity here
No comments:
Post a Comment