‘Ratchet’ is defined as ‘a mechanism that engages the sloping teeth of a wheel or bar, permitting motion in one direction only.’ Put simply, a ratchet is a device that permits a wheel to turn forward while preventing it from turning backwards. It safeguards the gains made by the wheel. Lucky people organize their lives much like a ratchet. They remain aware that any risk taken can lead to loss or gain, but in the event of loss, they’re not shy about admitting their mistakes. This makes it easy to cut losses in time. It also creates an environment for preventing a negative pattern.
