Question

our client, Rhonda, has come to you for advice. Rhonda has recently graduated from college and has a good job with a large company. She is single with no children. Because she just graduated from college, she has no savings and a $35,000 student loan. Provide Rhonda with advice for a comprehensive program to manage her personal risks. Explain the rationale for your advice. HTML EditorKeyboard Shortcuts

Answer 1

Answer:

See explaination for how to manage her personal risk

Explanation:

Personal risks can be described as anything that exposes you to lose of money. It is often connection to financial investments and insurance.

The basic things She can do to manage her personal risks are:

1. Saving:

Savings in much ways drastically reduces the percentage of risks and help you build confidence. Savings can help Rhonda manage her personal risks as savings helps one become financially secure and provide safety in case of emergency.

2. Investing:

After savings comes the major process, which is investment. It is rightly said, savings without invested proper is vain. Investment not only gives you returns or generates more profits but also ensures present and future long term financial security.

3. Reduce expenses:

A common man's expenses can never finish except it is controlled. Reduction in daily expenses can give a hike in savings and increase return on investment. Prompt planning can help cut in expenses.