The First Rule of Asset Protection: Stop Doing Stupid Stuff

Most disasters aren’t bad luck. They’re self-inflicted.

Most asset protection disasters don’t come from freak accidents.

They come from avoidable stupidity.

Here are just a few ways investors shoot themselves in the foot:

• You rent out a basement bedroom without an egress window. A fire starts. The tenant can’t escape. That $2,500 window you skipped? Now you’re looking at a lawsuit worth hundreds of thousands.

• Yo…