Things Parents Wish They Knew Earlier: The Family Risk Management Handbook
Patrick Ow (of PracticalRiskTraining.com) gives an amazing amount of how-to detail and action steps, practical strategies and solutions, and information on pretty much everything you need for making better-informed decisions and intelligent choices, including showing you a world-class decision-making process.
In this practical Family Risk Management handbook, you will learn how to:
1. Identify and manage goals, opportunities, risks, and uncertainties.
2. Accomplish something with your life and wealth without feeling regretful.
3. Improve your budget, cash flow, finances, and financial well-being.
4. Take care of your health, wellness, and happiness.
5. Seek better outcomes and future for your children and young adults.
6. Provide better education and learning for your children.
7. Keep your family safe, secure, and protected at all times.
8. Find a job fast and keep it even if you don’t like it.
9. Take a career risk or opportunity to fulfill your purpose and passion.
10. Start a side business to secure and future-proof your income and family.
11. Make money from the gig economy smartly.
12. Preserve and sustain your family business beyond the second generation.
13. Overcome common parenting and family challenges.
14. Control your decision-making process and make better decisions and choices.
15. Use your personality to succeed by interacting with people in the way that suits you best.
This book aims to strengthen families.
Based on corporate risk management practices, the book provides answers to the question, “What families must do right to succeed and thrive?”
Do not miss this handbook that anyone aspiring to build a strong family must own. It will be your one-stop resource for overcoming everyday challenges and making intelligent choices.
Contents
Why read this family risk management handbook?
Chapter 1 — Identify goals, opportunities, and risks
Chapter 2 — Accomplish something with your life and wealth
Chapter 3 — Improve my finances and financial well-being
Chapter 4 — Take care of my health, wellness, and happiness
Chapter 5 — Seek better outcomes for my children
Chapter 6 — Provide better education and learning for my children
Chapter 7 — Keep my family safe and secure
Chapter 8 — Find a job fast and keep it
Chapter 9 — Take a career risk to fulfill my purpose
Chapter 10 — Start a side business to secure my income
Chapter 11 — Make money from the gig economy
Chapter 12 — Preserve and sustain my family business
Chapter 13 — Overcome parenting and family challenges
Chapter 14 — Make better family decisions and choices
Chapter 15 — Use my personality to succeed
Why read this family risk management handbook?
This practical family risk management handbook provides information to individuals, couples, and families on various aspects of starting and maintaining a family, as they go through life’s challenges and as they journey through the family lifecycle.
This handbook is comprehensively written to cover a wide range of topics and challenges that could impact families and to help families make better-informed decisions. Hence, the length and depth of this handbook. Doing anything less would be an injustice to the complexities of starting and maintaining a family.
The 2020 pandemic has taught us a lot about ourselves — and about your true appetite for opportunity-seeking and risk-taking. It has exposed the fragile nature of ourselves, the inadequacies of the society and community we lived in, and our inability to overcome all changes in our lives.
Some people have viewed the situation as an opportunity of a lifetime. Others have feared the worst. Still, others find themselves awash in information and want help making sense of the uncertainty and chaos.
There is no right or wrong perspective. No matter what your outlook is, one thing is clear. The way each of us views opportunities and risks has changed dramatically.
Many people and families are re-examining their risk tolerance and approaches to family risk management, making adjustments that can give them greater peace of mind.
As you read this handbook, I hope you will find it to be as thought-provoking and insightful as I did in its writing. It has been based on my personal experience of raising five children of my own and being part of a faith community where I lead and mentor families that are going through the same challenges.
Many of the information contained in this handbook came from personal experiences and through research. It also came from many mistakes and regrets I have also made along the way. I had wished, on numerous occasions, for someone to have told me about the information contained in this handbook much earlier, telling me the pitfalls or things to consider when I made those decisions. Hence, the title of this handbook.
I realized that the quality of my decision can only be as good as the decision-making process I adopted and the information that is available to me at the time of the decision being made. I don’t have control over the outcome of the decision – good or bad – as we are all living in a chaotic and uncertain world.
But I do have control over the decision-making process to make quality or better-informed decisions.
So, this handbook seeks to provide valuable information as inputs into your decision-making making process using a risk-based decision-making framework. Adopt or adapt this risk-based decision-making framework to make important decisions that could affect the future of your family.
