https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:insurance/xa6995ea67a8e9fdd:what-is-risk-and-how-to-manage-it/v/types-of-financial-risk 2023-05-03T21:01:13.225276573Z Types of financial risks There are many financial risks that people and families face, like losing a job, getting sick, having something stolen, or the value of money changing. Some risks are related to each other, while others are not, and some risks can be protected with insurance, but not all of them can be. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/17009f95-5017-4d72-b4e2-3021a0acf06a_1280_720_base.png Types of financial risks There are many financial risks that people and families face, like losing a job, getting sick, having something stolen, or the value of money changing. Some risks are related to each other, while others are not, and some risks can be protected with insurance, but not all of them can be. https://cdn.kastatic.org/ka-youtube-converted/DJQrJuiVK60.mp4/DJQrJuiVK60.mp4 290 What is risk and how to manage it? https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:insurance/xa6995ea67a8e9fdd:what-is-risk-and-how-to-manage-it/v/ways-to-manage-financial-risk 2023-05-03T21:01:13.225276573Z Ways to manage financial risk To manage financial risks, you can avoid them by not taking part in risky activities, reduce them by being careful and planning ahead, keep them and be ready to deal with the consequences, or transfer them to someone else by using insurance. These strategies help you stay in control of your money and make smart decisions. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/b2b03d4c-41f4-4471-8282-9f9907395f5f_1280_720_base.png Ways to manage financial risk To manage financial risks, you can avoid them by not taking part in risky activities, reduce them by being careful and planning ahead, keep them and be ready to deal with the consequences, or transfer them to someone else by using insurance. These strategies help you stay in control of your money and make smart decisions. https://cdn.kastatic.org/ka-youtube-converted/YmB8h9eEPMw.mp4/YmB8h9eEPMw.mp4 237 What is risk and how to manage it? https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:insurance/xa6995ea67a8e9fdd:what-is-risk-and-how-to-manage-it/a/introduction-to-risk-and-risk-management 2023-06-14T19:12:40.083575347Z Introduction to risk and risk management Life is full of surprises, and sometimes those surprises come with risks for both our daily lives and our finances. Being aware of financial risks, like losing valuable assets or potential earnings, can help us make smarter decisions and protect our financial future. article https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:insurance/xa6995ea67a8e9fdd:what-is-risk-and-how-to-manage-it/a/risk-management 2023-06-14T19:12:40.083575347Z Risk management There are four main strategies for managing risk: avoiding, reducing, retaining, and transferring. Each of these strategies has its own advantages and disadvantages, and the best approach will depend on the specific situation. article https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:insurance/xa6995ea67a8e9fdd:what-is-risk-and-how-to-manage-it/e/risk 2023-12-01T13:36:59.324322257Z Risk Practice understanding of risk and risk management strategies Elvira Valdez exercise