By Ric Edelman From The Truth About Money .
Financial Risks Notice the word financial.
The four major ones are injury, illness, death, and lawsuits, and you ll learn how to manage and reduce those risks in Part XI . For perspective, the odds that your house will burn down are 1 in 1,200 yet according to Forbes magazine, the odds are just 1 in 200 that you will be sued at some point in your lifetime. If you re in over your head with credit cards, auto loans, and student loans, becoming worthless would be a real improvement. You must move from owing money to owning money. That s impossible to do if you have debts, so you must eliminate them.