Learning to take strategic risks is the essence of financial freedom. The concept of De-Moral Hazarding (DMH) is one of the most powerful ideas in personal finance, yet its implementation is often the greatest challenge. At its core, DMH suggests when you choose to self-insure against manageable losses—meaning you build personal savings to cover the risk—you change your behavior. This new level of control allows you to know your risks, granting the confidence to take strateg