Be prepared for the unexpected from "summary" of Insights on Morgan Housel’s The Psychology of Money by Swift Reads
Life is unpredictable. No matter how well you plan, unexpected events can still occur. These events can come in many forms - from a sudden illness to a job loss to a natural disaster. The key is to be prepared for these unexpected events so that you can weather the storm when it comes. One way to prepare for the unexpected is to have an emergency fund. This fund should ideally cover three to six months' worth of living expenses. Having this cushion can give you peace of mind knowing that you have a financial buffer in case of an emergency. It can also prevent you from going into debt or having to make hasty decisions in a crisis. Another way ...
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