#MyWallet2.0# Risk management exampleMichael bloomberg the owner of bloomberg spent $550 million on his presidential campaign.Michael bloomberg net worth is $55 billion$55 billion ☓ 10% = $5.5billion$5.5billion ☓ 10% = $550million$550 MILLION is equal to 1% of his networthHe risked 1% of his money Wealthy spend less than they earnThat's why it's important to risk 1% of your account. ALWAYS ALWAYS RISK 1 PERCENT OF YOUR ACCOUNT Then some of you want to put your life savings