NZ WEALTH & RISK

Category: Managing risks

Managing risks

“The truth is usually better than the nightmare.” What do we do when the unthinkable happens?

How do people respond when the unthinkable happens? How should we respond? 

In this article I discuss some of the lessons from Amanda Ripley’s terrific book The Unthinkable, which discusses extreme circumstances and events, and how people tend to act when the unthinkable happens. Ripley provides guidance for how we can improve our chances if the unthinkable occurs – and a number of tidbits that can make us more optimistic about our ability to respond to tough situations.

Managing risks

Kids and careers

This article springboards off a powerful (and forceful) article which states: “You. can. not. afford. to. be. a. stay-at-home mum.” My message isn’t quite as drastic as that, but when you have young children, there are career risks that need to be managed and opportunities that can be pursued.

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Managing risks

Risk management for ballers

An amazing story about George Clooney: Rande Gerber (one of Clooney’s good friends) recently told a story about Clooney inviting 14 of his closest friends to his house...

Insurance / Managing risks

Do I need health insurance?

Strictly speaking, no one in New Zealand needs health insurance. New Zealand’s public health system provides immediate care with respect emergencies. As Martin Hawes says, “if your condition...

Managing risks

Career risk and how to manage it

In my most recent article, Retirement planning and whole-of-life planning, I referred to various uncertainties relating to retirement planning. These include financial risks, government policy risks, longevity risks,...

Luck / Managing risks

How to be lucky

We can implement strategies and organise our life to maximise the probability and impact of good luck and minimise the probability and impact of bad luck. This article...