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.

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Change is inevitable in a
person
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’s
life
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.
Hence
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, it is considered significant for individuals to take chances not only in their careers but
also
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in private affairs. In my opinion,
although
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there are some demerits of
this
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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
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in
life
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. The major one is the loss of wealth and status. Since
risks
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are uncertain and do not have an accurate prediction of results, a
person
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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
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, due to a major crash in the market in 2019, she lost all her savings. Health,
besides
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this
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, can be significantly impacted
as a result
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of mental pressure. As these
risks
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do not have guaranteed positive consequences,
it
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they
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can leave a
person
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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
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experiences. Even though
this
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practice can lead to some devastating results, still a
person
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will never regret in their
life
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for not taking a leap of faith when they had a chance. What’s more, individuals can sometimes follow their passions due to
this
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. 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
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, the phenomenon can
also
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play a key role in influencing youngsters. It will help them not only dream big but
also
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work hard for what they want and motivate them to not have regrets in
life
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. To conclude, the above discussion makes it evident that taking
risks
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in one’s
life
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can sometimes be detrimental to their career and personal
Submitted by rana.madhu95 on

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Topic Vocabulary:
  • Opportunities
  • Growth
  • Innovation
  • Challenges
  • Self-discovery
  • Resilience
  • Uncertainty
  • Consequences
  • Calculated risks
  • Stagnation
  • Regret
  • Comfort zone
  • Entrepreneurship
  • Adventurous spirit
  • Thriving
  • Failure
  • Mitigate
  • Reap the rewards
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