Yes, it is true: Risk is necessary to build wealth and create financial freedom!

However, most people approach risk like a gambler in a casino when they should model their approach after two of the most profitable industries on the planet: insurance and casinos.

This podcast episode aims to strategically shift your mindset towards managing risk so you can protect your "financial castle" and achieve financial freedom.

We explore the four ways to manage risk: retain, reduce, avoid, and transfer. Understanding and implementing these strategies can build a solid foundation for your financial future. We also emphasize the importance of having a risk management plan that allows you to weather financial storms and come out ahead.

The podcast episode encourages listeners to think differently about insurance and how it interacts with the rest of their financial lives. Insurance agents mean well, but too many of them focus solely on selling policies and instead advocate for a comprehensive approach to risk management that integrates seamlessly with your financial goals.

As we progress through the episode, we touch on the emotional aspects of risk management, emphasizing the need for confidence and security in your financial decisions. We introduce the Financial Freedom Process, a holistic approach that helps you address risk to maximize your potential without feeling "insurance poor."

Join us in this podcast episode as we introduce you to the concept of both building a strong financial foundation to manage risk and using it as a basis to accept risk, build wealth and achieve financial freedom, no matter where you are in your financial journey. 

Risk Management Exposed: The Mind-Blowing Truth Behind Financial Freedom. Learn how to think differently about risk and leverage the principles used by insurance companies and casinos to your advantage.

https://www.kevinwenke.com/financial-freedom-process
https://decisiontree.financial/