The Broke Generation

Grow your money mini series: Risk management, with Jess Brady

13 snips
Aug 13, 2025
Jess Brady, a financial advisor and creator of The Greenhouse Money Growing Program, dives into the often-overlooked realm of risk management and insurance. She shares her personal journey of becoming uninsurable and the critical role timing plays in insurance claims. The conversation covers essential insurance types and the importance of balancing protection with affordability. Jess also exposes the complexities of health insurance, detailing costly out-of-pocket experiences and advocating for early insurance acquisition to safeguard financial futures.
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INSIGHT

Risk Is Necessary But Must Be Managed

  • Risk isn't inherently bad; it's something you must take wisely to grow wealth.
  • Jess Brady says aim for the right level of risk while protecting yourself from major downsides.
INSIGHT

Three Financial Risk Buckets

  • Financial risks fall into three core categories: income, assets, and expenses.
  • Jess Brady uses this framework to prioritise protections and spot weak points in plans.
ADVICE

Get An Insurance Specialist

  • If your life or income has changed, consult an insurance specialist instead of DIYing complex products.
  • Use specialists like mortgage brokers to compare insurers, definitions, and occupation assessments.
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