How the rich protect their assets.

The last piece of jig-saw in becoming rich forever is to protect your asset.


How do you protect your asset?

By risk management of course.


What type of manager you want?

1. A high risk, high gain manager (aka rabbit)

or

2. Low risk with sustainable earning (aka tortoise).


Rabbit is great.

"But, I wanna ask you?"

"Have any of you see a tortoise walk backward"


So, now the question is "How do you manage risk?"


By the acronym "I AM"


Risk Management encompasses

1) Risk Identification - identified what is the risk that potentially causes the company or business or organization to suffer a severe setback.

2) Risk Assessment - Stratified the severity of the risk. Whereby risk assessment is the vector product of the probability of the risk and the severity of the risk.

3) Risk Management - Quantified the risk based on transferring the risk asset to the third party.
Risk management encompass elimination, substitution, harm reduction, administrative control, management control and personal protective equipment.


Hope these methods of protecting your asset help.


"In God we trust"

God bless you,


Yours truly,

Dr Lion.