Taking Chances

As I begin to write this I realize how broad the subject of taking chances really is. What do I want this article to be about? Am I talking about taking the chance in regards to buying stocks, asking someone out on a date (a bad idea since I'm married), starting a business, going back to school, or maybe all of those?

Well it turns out to be all of those (except the dating one). Based on my chosen psudonym, you know that I'm rich but that's relative. Compared to some it's true, but I compare myself to those I consider the truly rich and I just can't compete. You see, most blogs out there are talking about finances from the perspective that they want to get out of the rat race and do better. But that's true of anyone, really, no matter how successful you think they might be.

From the list above I'm going to start with the chance I'm taking by going back to school. Like most personal financial bloggers out there I have a passion for the subject. Some have come to it by digging themsleves out of a hole and some, like myself, because they want to tell you what has worked for them. So why then am I going back to school?

Well yes I have a good career now, but what's the statistic? People of my generation will have several careers by the time they retire, or something like that. And so I've chosen to be pro-active in that regard and choose my next career rather than being forced into it. What is my choice? Financial planning of course. Yes, I'm going back to school to become a financial planner.

No matter how smart I think I am, no matter how successful I've been, I would never be so presumptous to think I could just hang a shingle out and begin dispensing advice about finances (this blog not withstanding). No, it's easy to say things like save more, spend less, diversify, and all the other typical blogger fare but it's quite another to charge money for the advice and be legally liable for it. (In case I didn't mention it I'm not legally liable for the opinions expressed by this site.)

Of course I'm not nearly rich enough to not work while pursuing this dream, fantasy, or plan, as I call it. Besides there is a possibility that there are applications for this knowledge within my current field so why remove that possibility? So keep an eye out for a chronicle of what I'm learning and how this endeavor is progressing here at richeobscure.com.

Now onto the other aspect of this post the idea of taking a chance to start a business. As I've chronicled in my book, I have been successful in some businesses I've owned and not so successful in others. I own a vacation rental property that I've done well with and a business that was spawned from that has also done well. But this time I have somethin in mind that will require much more risk and much more capital.

I intend on buying into a franchise at the very early stages of the business. I can't be very specific about it but I will say it is a restaurant. I intend on doing this right, and while I'm not a big fan of franchising, I think this is the best opportunity in this case. I'm only in the planning stages now and may find that I'm uncomfortable with the risk, or believe there's a better use for my money. I'll keep you posted. As for Mrs. Obscure, she doesn't know about this but since she's not really interested in this blog, it will be our secret.

Oh yeah I mentioned stocks in the list above so what about that? Well my opinion about that has changed over the years and I've written pretty extensively on why I think buying individual stocks isn't the best use of your investment dollars. For more detailed information see posts such as Products, or Booyah yeah boo. You could also check out taking the bait. There are more but I'm a little tired of writing as I'm sure you're tired of reading.

Suffice it to say I'm taking chances every day because I like it and I want to do better.

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