It Is Important For People To Take Risk In Both In Their Professional Life And Their Personal Life | IELTS Essay Samples

It is important for people to take risk both in their professional life and their personal life. Do you think the advantages of taking risk overweigh the disadvantages?

Here is a band 8 essay sample on this topic written by one of our students. Need help with IELTS writing? Get your IELTS essays, letters and reports corrected by me.

Band 9 IELTS essay sample

Taking risks often allows people to achieve stupendous success. Of course, there is also a possibility that risk takers can lose a lot more than they can afford. Even so, in my opinion, the benefits of taking risks outweigh the drawbacks provided that people weigh the pros and cons carefully before taking the plunge.

Not taking risks certainly allows us to live in our comfort zones. However, it limits our growth. People who do not take any risks will have to be content with what they have. While there is no harm in choosing this approach towards life, in my opinion, each person should strive to make the most of the opportunities available to them. Risk aversion, unfortunately, prevents them from achieving their full potential and in most cases is the recipe for a mediocre life.

On the other hand, taking risks has lots of benefits. In most cases, our risk appetite allows us to achieve a lot more than we hope for. For example, investing in stock market allows people to get much higher returns on their investment. Many rich people in the world made their millions by investing in stocks. Billionaire Warren Buffet is an example of them. He hailed from a poor background and owes much of his success to his risk appetite.

Of course, people who take risks also have a higher chance of losing all that they have. Hence, in my opinion, all risks should be calculated. People should carefully weigh in the pros and cons before taking a risk. They also need to know their threshold. For example, one should never invest all the money they have in stocks. While it is true that stocks offer much higher return on investment, there is also a good chance of losing even the initial capital. Hence, they need to invest in less performing but safer assets as well. By limiting their exposure to risks, they reduce their risk of failure. In the same way, people who quit their job to start business should already have a plan B in place in case their venture fails. Before starting up, they need to secure their family by saving enough for their future. In this case, even if the business fails, they will not end up on the street.

To sum up, calculated risks enable people to achieve tremendous success in all aspects of their life. Risk aversion, on the other hand, makes their life and success less spectacular. Hence, in my opinion, there are more merits than demerits to taking risks.

It Is Important For People To Take Risk In Both In Their Professional Life And Their Personal Life – Band 8 IELTS essay sample

It is believed that people should take risks in their personal as well as professional lives. There are certain pros and cons associated with this approach. I believe that taking risks has more benefits than drawbacks and my view point is supported in the following paragraphs.

To begin with, in personal life, many people break the stereotypes and follow their dreams. For example, many girls today speak against the gender bias and restrictions imposed on them, without caring about the male dominated society. Due to their courage, sex ratio and female literacy rate in many regions have improved substantially. Similarly, some people invest their lifetime savings in mutual funds or share markets, rather than depositing in a bank or post-office which are safer places to keep money as these are not exposed to market risks. But people take the risk to invest their money in fluctuating markets hoping to earn a better return, sometimes twice as much as what is offered by the banks. So, people who take such daring steps have an improved chance of making a fortune although the risk of making a loss is also high.

Similarly, in their professional life, people take various types of risky steps in order to attain their desired goals and positions. Sometimes they fail, but it is worth taking risks to achieve success in life. Elon Musk, the owner of companies like Tesla and Space X, is an inspirational example in front of us. He dared to make electrical vehicles and reusable rockets, when nobody believed him. But he toiled ceaselessly to become successful and now he is the richest person in the world and contributing a lot to reduce the greenhouse effect. Thus, risk appetite makes people more courageous and develops their problem solving skills which cannot be acquired by merely following others.

However, sometimes risk taking can also backfire. Failure may lead to broken confidence, depression and financial losses. But with persistent effort, hard work and knowledge one can easily overcome these demerits and become successful. Kiran Bedi, the first lady IPS in India, and Gautam Adani are noteworthy examples of people who with their courageous efforts and risk-taking abilities achieved tremendous success.

From the aforementioned points, it is quite evident that by being a risk taker people can become more prosperous and grow better in their work as well as personal life. Thus, the positive aspects of taking risk supersede its negative sides.

It Is Important For People To Take Risk In Both In Their Professional Life And Their Personal Life – Band 8 essay sample 2

According to some people, taking personal and professional risks is beneficial for us. It is a choice that needs an enormous courage to take and I, personally, think it is beneficial for people to take calculated risks in the two aspects of their lives because the benefits it brings can be immeasurable.

Taking a decision that may have a huge impact on one’s life can widen one’s experiences and opportunities. Take, for example, the latest trend of taking a gap year among the youth. The old school approach of going to university immediately after high school has been replaced by this more practical approach. Gap-year takers will have more working experiences in the field that they want to follow in the future, a vision for their future career path, a good network of connections and some funds. The benefits do not end there. In a scenario, without having some hands-on experience in the field, the highschool graduates will never know whether they have what it takes to be successful in their chosen job or not. The same theory can also apply to the worker in the labour market, who wants to take risks to follow their passion or wants to be their own boss. Quitting a job and having strategic steps to conquer their dreams can help them land their desired destination. The aforementioned points do not attempt to hide the harsh reality, let them take risks and follow their calls.

On the other hand, people should never take blind risks. People need to make money and take care of their families. If one is the breadwinner, then making an impulsive act can lead to grave consequences. People must bear their responsibilities, and even with proper planning, things can still go wrong and people may fail. Unfavorable situations can happen and it is inevitable. Many want to become influencers or famous youtubers but few can make it. It is a safer choice for one to make it a hobby or a left-hand job and pursue another full time job. When a person can be liberated from the burden, only then are they  free to follow their dream.

From all the points that have been made, it is clear that people can take risks and they should do it whenever they have the chance to do so. However, they must make sure that this decision will not negatively affect their and their family’s living conditions.

It Is Important For People To Take Risk In Both In Their Professional Life And Their Personal Life – Band 7 essay sample

The ubiquity of risk has made it difficult for people across the globe to ignore it. It is often asserted that risk taking assists individuals to thrive personally and professionally. In this essay, I will explain why I believe that there are far more advantages than disadvantages if risks are taken reasonably.

To begin with, risk averse individuals tend to withdraw from adventurous hobbies that they would enjoy. For example, although scuba divers are trained to dive independently, they feel that there are risks which could lead to their death. Hence, they refuse to take the plunge despite the fact that the number of casualties is negligible. Another disadvantage is that they lead a monotonous life. Pessimistic people find taking risks is a way to lose everything that they have achieved. Therefore, they prefer to work in the same job position for a life time and live in their comfort zone.

When it comes to people who are willing to take risk, their risk loving attitude can assist them to achieve huge profits on investments and better career growth. Clearly, these individuals should assess the risk that they are willing to take in order to achieve those goals. For instance, personal investments in a profitable business could result in earning a handsome side income. Furthermore, if people are willing to take extra responsibilities and risks at work, they could get rewarded with promotions thereby leading to a satisfying career growth. Thus, taking reasonable risks can award better professional career growth and personal satisfaction.

To conclude, although taking safe decisions to avoid risk does not harm an individual, they should strive to achieve more out of their lives by taking calculated risks.

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Manjusha Nambiar

Hi, I'm Manjusha. This is my blog where I give IELTS preparation tips.