Risk reduction. Insurance companies do it every time they underwrite a new policy by estimated probable outcomes based on past behavior and other factors. So do restaurants and coffee shops when they hedge their costs on items such as coffee beans, wheat, and dairy products. Holding companies strive for it when they acquire businesses in fields that have nothing to do with the core enterprise. How about you and your family? The same techniques that are often used by some of the best corporations in America and the world can do a lot of good for you whether you're a white-shoed banker on Park Avenue or a construction worker in the Rust Belt. It's unlikely you were ever taught to think this way in high school or even college, but it's time to start looking at your own life, assets, and earnings stream as a business in order to protect yourself from the dangers lurking in every day life. Continue reading about risk reduction ...