Get Lucky: How to tilt your odds, in career and finances

(The writer is a Reuters contributor. The opinions expressed are his own.)

NEW YORK, Aug 28 (Reuters) - You might think you make really good money decisions. But is it skill or luck?

Did you choose when to be born, for instance? Or where, or to which family?

These factors alone play monumental roles in what your finances look like. Along with your family situation, there are a myriad of macroeconomic trends that you did not have much to do with, that play into your net worth.

Learning how to deal with random factors you cannot control, and maybe turn them to your advantage, fascinated author Karla Starr, who came up with a few solutions in her new book, "Can You Learn To Be Lucky? Why Some People Seem to Win More Often Than Others."

Think of it like a card counter in Las Vegas. The cards you are dealt may be pure luck, but if you study patterns, you can do subtle things to tilt the odds in your favor. You cannot guarantee wins, but you can make them more likely.

So how do you improve your luck in money and life? Some tips from the lucky few:

* Develop strong social networks.

Most people would consider it "lucky" to bump into a new contact, or an old friend who is hiring for a fantastic and lucrative job.

But that happenstance meeting is more likely to happen to someone who makes a concerted effort to get out and interact with people rather than staying home and eating tubs of ice cream alone.

One of the most important factors in career success is maintaining a diverse set of social ties, both inside and outside of the company, said Starr. That will affect your trajectory of job luck, if you have larger networks and socialize in a number of different avenues. Your odds of success go up.

*Be financially agile.

If an opportunity comes along, are you able to pounce on it? Or do you have to let it pass because you are locked into your current life situation?

Being as agile as possible is important, said Starr. Minimize financial overhead, save for a rainy day, constantly invest in new skills and be willing to explore fresh career avenues or move to a booming location.

* Reduce your exposure to bad luck.

Luck with money is not just about a big financial score, like a lottery win or a surprise inheritance from a long-lost uncle. It is also about minimizing your potential bad luck.

That means always having emergency savings on hand to help you weather a surprise car repair or medical bill.

Another way to avoid bad luck is Warren Buffetts oft-cited principle: Stay within your circle of competence.

This becomes a challenge when a particular industry, sector, or asset class becomes very hot.

"The temptation is to get involved after seeing others do well. But that decision often doesnt work out well," said Michael Mauboussin, research director at BlueMountain Capital Management and author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing.

Cryptocurrency is a recent example. If you do not understand the emerging asset class, it is safer to just stay away instead of trying to hit it big like your cousin who is now a bitcoin millionaire.

* Do not give up.

So many people dont get lucky because they give up too quickly, said Starr. Persistence is a skill of its own that leads to luck.

That principle applies to everything from job hunting to finding the right romantic partner to saving and investing through the worst economic downturns.

In particular, when you are starting your career, keeping an eye on the long game is a choice that could reverberate financially for decades, said Starr.

Like a football team looking for a win, the key is to stay on the field and keep playing. If you give up and go home, then you are guaranteeing a loss.

Look at the patterns that keep coming up in your life. Often we are the source of luck or lack of luck in our own lives," said Starr. (Editing by Beth Pinsker; Editing by David Gregorio)