Plan for unexpected expenses from "summary" of Quit Like a Millionaire by Kristy Shen,Bryce Leung
One of the most important aspects of achieving financial independence is being prepared for the unexpected. Life is full of surprises, both good and bad, and having a plan in place for unexpected expenses can mean the difference between staying on track toward your goals or derailing your progress entirely. It's easy to overlook the importance of planning for unexpected expenses when things are going well financially. After all, why worry about something that may never happen? But the reality is that unexpected expenses are a part of life, and they can come in many different forms. From medical emergencies to car repairs to job loss, there are countless situations that could arise where you may need to dip into your savings to cover the costs. By setting aside a portion of your income each month specifically for unexpected expenses, you can build up a safety net to fall back on when the unexpect...
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