In Conclusion Thank you, Garrett. This has been a long chapter because risk is a massive subject. The best way to minimize risk is not by avoiding risk and using oxymorons that actually increase risk. The best way to reduce risk is by taking control. And that starts with your financial education. The more you know, the greater control you have over your life and finances. Risk is real. Accidents, mistakes, and crimes happen every day. One of the reasons the rich get richer is that they take control of their financial education, rather than avoiding risk and believing in job security, saving money, safe investments, fair share, mutual funds, diversified portfolios, and being debt-freeâ€”oxymorons that actually increase risk. Risk is increasing, and itâ€™s tied to uncertainty. With terrorism, economic uncertainty, the rise of China, and the decline of the West, risk will increase because uncertainty is increasing. True financial education gives you more control over risk. And that control over risk is an unfair advantage.
by Rich Dad, Robert Kiyosaki