Out of many important things we overlook is emergency savings
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Why is this important, you may ask?
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Simply because we do not know what the future has in store for us..
So, to prepare ourselves against any uncertainties, we standby with an emergency fund..
Ideally, it should cover 𝟯 𝗺𝗼𝗻𝘁𝗵𝘀 𝘁𝗼 𝟲 𝗺𝗼𝗻𝘁𝗵𝘀 of our usual expenses
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And we can choose to store this in ‘𝗵𝘆𝗯𝗿𝗶𝗱’ mode…
Meaning, 𝟱𝟬% 𝗶𝗻 𝗰𝗮𝘀𝗵 and 𝟱𝟬% 𝗶𝗻 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗴𝗼𝗹𝗱…
Usually during crisis, the gold price will shoot up, just like what we saw during the COVID-19 crisis…
Hence, your emergency savings also will shoot up in value.. Cool, right?
By the way, I would like to share with you an e-book about this concept in detail..
Here it is: http://nak.la/5mingoldreview
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I hope you find it useful..
Take care and talk to you soon!