Skin in the game – is a made-up word popularized by Warren Buffet. You may recall his marvel in investment and various financial activities that made him and his clients even richer.
Skin in the game is also a book written by Nassim Nicholas Taleb, a Lebanese-American essayist, mathematical statistician, former options trader, risk analyst, and aphorist whose work concerns randomness problems, probability, and uncertainty.
As you can see, both relate to investment and financial fortune-making.
Skin in the game – conveys the meaning of incurred risk (monetary or otherwise) by being involved in achieving a goal. Or, you need to be part of the process to achieve a goal or your objective. Also, by undergoing the sweating of doing, you deserve the result. Experiencing the pain of doing, failing, and recuperating is something a few of us lacks, primarily younger generations, who come under the evil influence of superficial motivation scams and believe the heavens will favor them all lucks (victim of so-called ‘Motivation Scam,’ as my dear friend tossed it very aptly) as they lay flat on their couch and watch some never ending Web series back to back.