Personal Finance: Risk Management

Please answer the following question with a minimum of 150 – 200 word count total. A cover page/title page is not needed. Use APA format with scholarly articles to support your answer, include in-text citations and a reference page. Please use the reference that I provided in the attached file, here is the reference:Kapoor, J. R., Dlabay, L. R., & Hughes, R. J. (2015). Personal finance. 11th Edition, McGraw-Hill/Irwin. Please use additional scholarly articles, total of 2 references required, the one I provided you and another from your research! No PLAGIARISM and let me know if you have any questions or concerns! “Please review the attached file before proceeding”

Give an explanation of the overall concept of risk management and what it is. From there, provide a specific example for each of the four risk management techniques (risk avoidance, risk reduction, risk assumption, and risk shifting) discussed as they are used in your own life.Bullet format is fine but please include discussion! Be sure to provide DIFFERENT examples than any that may be listed in the text.

 
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