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Money & How It Works · Lesson 10
Insurance, Protection & Managing Downside Risk
Smart risk-takers protect against catastrophic loss so that one bad event can’t erase everything they’ve built.
Ages13–1718–25Runtime to be confirmed
About this lesson
Builders take risks constantly. The ones who last sort them. A cracked phone costs a turn. A house fire with no coverage can end the game. Carry the turns yourself. Insure the game-enders to the hilt. Protection is what makes a bold swing affordable.
What you’ll learn
- Ask the counter question: could we handle replacing this if the worst happened?
- Raise the deductible on turns you can afford. Spend the savings covering game-enders.
- Health coverage, renter's insurance, and an emergency fund are the boring trio that keeps a bad day from becoming a lost decade.
- Write the honest worst case before a leap. If you can survive it, jump harder.
Skills your family will build
Risk managementJudgmentPlanningDiscernment
