Welcome to the 2nd edition of the Cavalcade of Risk! The Cavalcade of Risk was originated by Henry Stern or Dayton, Ohio. If this is your first time to It's Just Money, I would like to welcome you and thank you for stopping by. I have been blogging about personal finance, investing, insurance, and random crap for almost four months! Check out my Welcome Page where you will find my most popular posts. I also have a handful of insurance posts.
The Cavalcade of Risk is meant to examine risk in all its forms, but with a lean towards insurance. For those not familiar with the insurance industry, insurance is a large part of what is known as "Risk Management." You see, the major ways that you can deal with risk are 1) risk avoidance, such as not living in an earthquake zone, or not driving a car; 2) Risk Reduction, such as only driving in daylight, or never leaving the bunny slopes; 3) Risk Retention, which is deciding that you will bear the financial burden of any risk that you undertake. You will pay for car repairs, hospital bills, or home repairs out of pocket; 4) Risk Transfer, this is generally insurance. By buying health insurance you are transferring the financial risk of a major procedure onto your insurance company (assuming they will cover it!). That's why a carnival about insurance is called the Cavalcade of Risk. Okay, on to the posts...
Did you have a job when you were in High School? I sure did. I can relate to the advice given by Kristin McAllister at Making Cents in Kids and jobs. Don't miss out on being a kid. Work will come.
Whether you are a lawyer, hostage negotiator or regular joe, learning how to negotiate in situations big and small is critical. Paul at Paul's Tips gives a great primer in My eight best negotiation tips
I don't have an entry this week. Too busy hosting! So, check out some of my other posts, and be sure to stop by again soon.