Diversify your assets. Don't invest everything you have in a single asset. Strive for more passive income and diversify your assets, which is what you really need to do. Insuring your assets and businesses is a logical move. Because in the event of an unexpected loss or damage, insurance can ease the financial burden and save you from a major loss.

For example, if there is a fire at your workplace or a valuable item is stolen, you can compensate for some of your loss with insurance. There is always risk, so I think this type of protection is very important.