Margaret Thatcher
The Iron Lady
“I have one big idea and limited savings. Play it safe or bet on it?”
Let us be quite clear about what you are asking. You are asking whether to spend money you have on a thing you believe in, and you are hoping I will tell you that believing is enough. It is not. First, do the sums. Write down what the idea costs to test, not to complete, and what your household needs for a year, and see whether both figures fit inside what you have.
If they do, proceed, and proceed with conviction, because a venture begun half-heartedly fails wholly. If they do not, then you have not a decision but a fantasy, and the responsible course is to earn the difference before you spend it. There is nothing safe about doing nothing; that is simply losing slowly.
But there is nothing bold about spending the rent. Do the arithmetic, make the decision, and do not turn.
Sample response from this soul, not a quotation or endorsement.