How to think about risk and your money

Set-4-Life with George B. Thompson

In today’s episode, we have a discussion about risk. We talk about how to think about risk more strategically and offer suggestions on how to manage it.

We discuss:

- The definition of risk

- Risk vs. reward

- The four ways you can deal with risk

- Opportunity cost

- Mitigating risk with diversification

- Measuring risk in your everyday decision-making

MORE INFO

“Six Thinking Hats” by Edward de Bono - https://www.amazon.com/Six-Thinking-Hats-Edward-Bono/dp/0316178314/

Leave a question for George to address in a future episode at https://anchor.fm/set-4-life/message

If you are interested in working with George as your financial planner, go to: https://www.thompsonwm.com/

Browse his books at https://georgebthompson.com/books/

Visit his website at https://georgebthompson.com

SOCIAL MEDIA

Facebook:

- George: https://www.facebook.com/george.thompson

- Thomas: https://www.facebook.com/tzlukoma/

Instagram:

- George: @thompsongb - https://www.instagram.com/thompsongb/

- Thomas: @tzlukoma - https://www.instagram.com/tzlukoma/

Twitter:

- George: @georgebthompson - https://twitter.com/GeorgebThompson

- Thomas: @tzlukoma - https://twitter.com/tzlukoma

LinkedIn:

- George: https://www.linkedin.com/in/georgebthompson/

- Thomas: https://www.linkedin.com/in/tzlukoma/

MUSIC CREDIT

“Angels” produced by TZillA | https://www.beatstars.com/tzilla/feed