On: Poor kids who do things right don't do better than...

[rubber_duck]

On the flip side if you don't have a lot to lose you might as well take risks.

[blubb-fish → rubber_duck]

This is a nihilistic approach which only works in theory - especially when you have a family to support.

And nobody has nothing to lose - I mean even poor people have a flat - but risking to lose the roof over your head would be plain stupid.

End of story - if you know papa and mama will transfer some cash if you are in need - then taking risks is easy.

[rubber_duck → blubb-fish]

I mean it worked for me. I took some really risky decisions that could easily result in me being homeless, etc. Most of them paid out so far. I guess it's up to your priorities - I would rather fail hard than settle for being where I am right now in the long term - taking risks is the only option.

[animal531 → rubber_duck]

Logically yes, but in practical psychology people tend to hold on tighter when they have less.

[adrianN → rubber_duck]

You always have a lot to lose, especially if you're poor.