4. Protect Against Financial Loss

a.    Your current financial risks: What financial risks are you currently exposed to?

There are several ways to manage risks with potential for financial loss. The first step is to identify the risks you are currently exposed to.

You might think you’re young, you have few responsibilities, and you can’t be under much risk. But if your answer to any of the questions in the following exercise is “yes,” you are subject to financial risks. These questions aren’t meant to frighten you, but merely to help you think about what could happen and help you identify ways to manage these risks.