Risk Management
Risk management is a fundamental part of someone’s financial plan. If you do not have a solid risk management plan (insurance) in place, when looking at the financial planning pyramid, then all of your savings and wealth preservation goals are at risk and could fall over, as one of the essential bases of the pyramid is not cared for. Insurance isn’t alluring and it isn’t tangible so it makes it hard to see why you need it, however, it becomes very clear that if you don’t have it, everything that you desire and hope for, is at risk. This aspect of financial planning is necessary financial self-care.