It is important for people to take risks, in both their professional lives and personal lives. Do the advantages of taking these risks outweigh the disadvantages? Or Discuss the advantages and disadvantages and give your opinion.

Change is inevitable in a

person

’s

life

.

Hence

, it is considered significant for individuals to take chances not only in their careers but

also

in private affairs. In my opinion,

although

there are some demerits of

this

phenomenon, the merits overshadow these. Relevant points to justify my opinion will be elaborated

in

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on in

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the forthcoming paragraphs. Some drawbacks can be observed when taking

risks

in

life

. The major one is the loss of wealth and status. Since

risks

are uncertain and do not have an accurate prediction of results, a

person

bets on everything, and if the outcome is not

favorable

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favourable

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it leads to failure in terms of money and status in society. One of my

neighbors

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neighbours

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, to illustrate, took a chance of investing money in the stock market, hoping for a doubled return.

However

, due to a major crash in the market in 2019, she lost all her savings. Health,

besides

this

, can be significantly impacted

as a result

of mental pressure. As these

risks

do not have guaranteed positive consequences,

it

Correct pronoun usage

they

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can leave a

person

in depression and anxiety. Despite the above-mentioned argument, I believe risk-taking should be encouraged. The primary contributing factor, to start with, is the satisfaction a

person

experiences. Even though

this

practice can lead to some devastating results, still a

person

will never regret in their

life

for not taking a leap of faith when they had a chance. What’s more, individuals can sometimes follow their passions due to

this

. Many working professionals quit their nine-to-five jobs to pursue their hobbies by trusting in their passion. One of my colleagues, to quote an example, quit his well-paid engineering job to join a local band as a guitarist and he is successful in the industry. Apart from

this

, the phenomenon can

also

play a key role in influencing youngsters. It will help them not only dream big but

also

work hard for what they want and motivate them to not have regrets in

life

. To conclude, the above discussion makes it evident that taking

risks

in one’s

life

can sometimes be detrimental to their career and personal