You do not expect something bad to happen to anyone. We want to see everything move in a positive direction. Sometimes something comes up out of nowhere that is totally expected.
When that happens, you have to face that. For example, someone in your family has a serious health issue. When you take her to the hospital, you get to know she has less chance to survive. Do you let your loved one leave you forever? You will do your best so that her health condition improves and she becomes healthy and fit again.
You are not rich. You do a job and you live paycheck to paycheck. You don't know how you will pay all medical expenses. If you live paycheck to paycheck, you feel like you are in a circle. You cannot push hard to break the circle and get to the next level. You work hard to change, but find yourself in the same position.
Your financial situation will not change overnight. You have to make a plan and work on that consistently. You cannot see the future what would happen in your life. Unexpected things catch you off-guard. Do you have health insurance? If yes, you will get the necessary fund to take care of your health issue.
Do you have an emergency fund? If not, you are not ready to face unexpected things financially. Your loved one is at the hospital and you are looking for the money that you need to proceed with her treatment. You don't have enough time, you have to do it fast. You can guess someone's situation when he is going through this.
If you have an emergency fund, for the time being, you are ready to go ahead and meet those expenses. You do not have to look further to see what's going on in people's lives. To change your financial situation, you need to work based on your priority.
In case you do not have an emergency fund, having an emergency fund should be on your top priority list. Then you can move on based on your financial goals.
The thing is, nothing will change in your life unless you work for it actively. When you realize where you are now and where you want to be in the future, you can make long-term goals. Then you can break your long-term goals into short-term goals so that you can measure your progress and achieve your financial goals.
Talk to your spouse or parents. You can get their suggestions and they will support you on the way. It is important to be on the same page when you work for the long term.
So what do you think? Do you prepare yourself to face unexpected things financially? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
About Me
Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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I have an emergency fund that will last a few months and it will give me time to pull out funds from my investments if I need to. At least it means I won't be in a rush to liquidate anything either.
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This is a smart plan.
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Anything more than a few months seems excessive and it's best to put your money to work.
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Yeah, earning passive income on your savings is the reason I love the HBD savings.
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Awesome!
Emergency funds can solve the problem for the time being. And you will get some time to get more money that is needed.
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