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Planning for financial emergencies is crucial from "summary" of A psicologia financeira by Morgan Housel
The importance of preparing for unforeseen financial emergencies cannot be overstated. Life is unpredictable, and unexpected expenses can arise at any moment. Whether it's a medical emergency, a sudden job loss, or a major home repair, having a financial safety net in place can provide peace of mind and security in times of crisis. Many people underestimate the likelihood of facing a financial emergency, believing that it won't happen to them. However, the reality is that unexpected events can happen to anyone, regardless of their income level or financial status. By planning ahead and setting aside funds for emergencies, individuals can protect themselves from the stress and uncertainty that often accompany sudden financial setbacks. One of the key benefits of ...
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