If you ask a financial expert about how someone should invest in the stock market, you'll inevitably discuss the reality of risk. There are all kinds of risks that exist in the stock market. They include risks that inflation will eat away at your cash, or risks that the monetary policies of the government might take away some of your profit. There are all kinds of risks and financial experts suggest that these risks can be managed with careful investing.
This is NOT an article about risk-managed investing. However, we believe that the same idea exists in driving. Just like the stock market, there are risks on the road. There's a risk that you might doze off at the wheel or that the person in the car behind you will forget to stop or that a dog will run out onto the road in front of you. There are so many risks in driving.
And, while your financial advisor might have some clever ways to avoid risk in the stock market, there are techniques you can use to avoid risk and be a safer driver.
The first thing you need to do is determine what risks are possible. If you're driving at night, there's the risk that you won't see what's in front of you. If you're driving during school hours, there's the risk that children will be crossing the road. If you're driving around other traffic, there's the risk that those other drivers will not be able to control their vehicle. Risks are always changing, depending on where and when you're driving, so be aware and always consider what risks are present at any given moment.
Now that you know what risks there, consider how you can minimize them. Sometimes it might mean giving the cars around you a lot more space. Or perhaps it means taking a different route around a busy school zone. Or maybe it means slowing down slightly to give yourself more time to react. Each of these risk-management solutions is a "tool" in your safe driving tool belt.
There are many risks on the road and they call contribute to making driving a sometimes dangerous task. But here's the good news: You have a lot of risk-management tools in you safe-driving tool belt (more tools than you think you have) and you have enough control that you can eliminate a lot of the risk! With experience and some intentional thinking about risks, you can actually increase the number of tools you have.
Collisions are not completely avoidable but if you approach risk in the same way that our financial advisor approaches risk in the stock market, you'll dramatically reduce the risk of collision.
If you do get into a collision, there might be a Boyd Autobody & Glass conveniently located in your community. Bring your car in and we'll fix it up and have you safely back on the road again.
