Ah, what a happy little question! The word you're looking for is "risky." It's important to remember that with every risk comes the opportunity for growth and learning. Just like when we add a touch of risky color to our painting, it can turn out to be the most beautiful part of the whole picture.
Ravishing is an "R" word that means lovely.
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radii
rich is a synonym for delicious
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Renege.
reduction
trickier
raging, riotous, rough, ruinous.. :D
A three-letter word that means "exist" is almost always "are." See if it will work.
a synonym for slow beginning with the letter r is retard