Personal risks refer to the potential for loss or harm that individuals face in their daily lives. These risks can arise from various sources, including health issues, accidents, or financial decisions. For example, engaging in risky activities like extreme sports can lead to physical injuries, while poor financial choices can result in debt or loss of savings. Managing personal risks involves identifying potential threats and taking steps to mitigate them. This can include purchasing insurance, maintaining a healthy lifestyle, or creating a budget. By being proactive, individuals can reduce the likelihood of negative outcomes and enhance their overall well-being.