Financial Freedom

It is the process of recognizing the value of what you own or owe and the risk involved with the decisions you make. In the section before this we discussed how good Money Management; Earning, Saving, Spending and Donating can give you a strong foundation for personal finance. However, just like the foundation of a house keeps it from falling down, it won't protect a house from fires, vandalism or high winds. Putting up a fence could help keep out others who would harm your house and in Financial Freedom we are going to look at how you can protect yourself from financial threats. To do this we will explore the four major sections:

Assets and Liabilities,

Risk and Risk Management,

The types of insurance

and watching out for Scams and Schemes.

Here we go!