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Risk Management

MoneyWise: Top States for Disaster Risk

August 1, 2022 by juddco

Here's an article from MoneyWise sharing the top 25 states for natural disaster. It's important to know that 3 of the top 5 happen to be among the largest US states. But this info will help you understand the specific hazards you might face in your location. This will help you assess risks and better prepare. … [Read more...] about MoneyWise: Top States for Disaster Risk

Risk Management Part 4 – Risk-Based Prepping

March 9, 2022 by juddco

This is the fourth part in a series about Risk Management. Find Part 1, Part 2, and Part 3 here. Risk-based prepping is a viewing emergencies from the perspective of likelihood AND impacts. Combining Likelihood and Impacts We've been through a lot of steps already, so let's pause for a moment and take stock. As a reminder, we: Identified bad things we think might … [Read more...] about Risk Management Part 4 – Risk-Based Prepping

Risk Management Part 3: Severity (How Bad Can it Be?)

March 6, 2022 by juddco

This is the third part in a series about Risk Management. Find Part 1 here and Part 2 here. Bad things happen, as we've demonstrated. Some of these bad things happen more frequently than others. Additionally, some of the bad things are merely slightly bad, while some of them are truly catastrophic. For you. For your family. For your city. For the world. To really be … [Read more...] about Risk Management Part 3: Severity (How Bad Can it Be?)

Risk Management Part 2: What Are the Odds

March 3, 2022 by juddco

This is the second part in a series about Risk Management. Find Part 1 Here. What are the odds that a selected emergency will occur? The next step in the Preppermill Risk Management process is to assess the likelihood of each of these bad things happening. For me, I limited it to the next 5 years, because that's very actionable. My logic is this: Once I've prepared … [Read more...] about Risk Management Part 2: What Are the Odds

Managing Risk Part 1 – Managing Risk as a Prepper

February 24, 2022 by juddco

There is no such thing as a risk-free life. We all face risks. Some of them are universal in that they impact all people. Others may be more specific to our circumstances. But we all deal with risks (some better than others) and we all have tools and skills to address risks (again, some better than others). How you evaluate risk as a prepper will really determine if you're … [Read more...] about Managing Risk Part 1 – Managing Risk as a Prepper

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