Meaning of the word "nothing ventured, nothing gained" in English

What does "nothing ventured, nothing gained" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

nothing ventured, nothing gained

US /ˈnʌθ.ɪŋ ˈven.tʃɚd ˈnʌθ.ɪŋ ɡeɪnd/
UK /ˈnʌθ.ɪŋ ˈven.tʃəd ˈnʌθ.ɪŋ ɡeɪnd/
"nothing ventured, nothing gained" picture

Idiom

you cannot expect to achieve anything if you do not take risks

Example:
I know the investment is risky, but nothing ventured, nothing gained.
She decided to apply for the job even though she lacked experience; nothing ventured, nothing gained.