Risk Management for Your Life

Health
Manage your risk for health problems by following these simple guidelines: Drink lots of water; Eat mostly fresh, unprocessed foods; Exercise your body for at least 45 minutes, three times a week.

Career

Career risk management will decrease the likelihood of career problems, such as being laid off, fired, or having difficulty in finding a job. Invest time and effort in these areas:

Network with others in your industry and of similar skill set. Networking will help you learn new things that you can bring to your current position, enhance your skills, and help you meet others who may be able to help you if something happens to your current position. You may also find others to bring onto your team earning you a referral bonus and a strong, competent team.

Focus on how you can best help the company you work for — not how they can help you.
Always be polite and positive with your co-workers. Even if you are great at your job, if people find you difficult to work with you could be at the top of the chopping block when the company has to cut staff.

Keep your resume up to date so you are ready for anything. It could be a job loss or just an amazing opportunity that lands in your lap.

Finance
Decrease your financial risk to easily weather storms and set yourself up to enjoy retirement.

Pay cash for everything except purchasing a house (unless you have enough to pay cash for a house as well). You will save thousands by purchasing everything with cash and avoiding interest fees, finance charges, and late payment fees. All of those simply go away when you pay cash and you will never buy something you can’t afford.

Only buy as much “house” as you can comfortably afford. The sooner your house is paid off the better off you will be. That mortgage payment can be saved and invested for the future or used to have some fun.

Have your financial affairs in order. Always have a will, as well as health and financial powers of attorney in case of disaster. This is to protect yourself, your money,  possessions, and your family.

Relationships
Don’t forget risk mitigation for relationships. It may seem a bit odd, but your relationships with friends and family will bring the most fulfilment to your life. With a little care you can nurture positive relationships that will bring joy for your entire life.

Make time for the people you love. Too often we are caught up in the day to day and don’t think to make time for our loved ones…until it’s too late.

Nurture relationships with people who challenge and inspire you. Choose your friends and surround yourselves with people who make you the best you can be.

Limit relationships with people who don’t treat you well. Those who are mean, abusive, unkind, and treat you with disrespect do not enrich your life — and do not deserve your time.

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