Kimberly Palmer: How to get comfortable with taking smart financial risks

FILE - A tip box is filled with U.S. currency in New York, April 3, 2019. Taking on some degree of risk is a healthy part of making financial decisions, but it’s not always comfortable. Consider building up your emergency savings fund to help provide a buffer in case events don’t go as planned. (AP Photo/Mark Lennihan, File)

Making money, whether by putting cash into the stock market, buying a home or jumping to a better-paying job, requires some degree of risk. “In certain scenarios, not taking enough risk is actually a bigger risk,” says Liz Davidson, CEO and founder of Financial Finesse, which provides workplace financial wellness programs as an employer benefit. How to find the right level of financial risk for you is highly personal; there's no formula that can tell you whether or not to buy that house or take that new job.