Tag: cash flow

The article explores “self-insurance,” an alternative to traditional insurance where individuals or businesses set aside funds to cover potential emergencies instead of paying premiums. While self-insurance offers benefits like increased cash flow, potential investment earnings, and avoiding rising premiums, it also carries risks, including the potential for a single emergency to deplete savings and the need for disciplined financial management. The article suggests considering high-deductible plans or Health Savings Accounts as alternatives and emphasizes the importance of assessing personal financial risk tolerance before opting