Be prepared for unexpected financial setbacks from "summary" of The Simple Path to Wealth by Jl Collins
Life is full of surprises, and not all of them are pleasant. Just when you think everything is going smoothly and according to plan, something unexpected comes along to throw a wrench in the works. This is why it's important to always be prepared for financial setbacks that may come your way. Financial setbacks can come in many forms - from unexpected medical expenses to job loss to natural disasters. No matter what form they take, the key is to be ready for them when they happen. This means having an emergency fund set aside to cover any unexpected expenses that may arise. Having an emergency fund is like having a safety net to catch you when you fall. It gives you peace of mind knowing that you have a cushion to fall back on in case of an emergency. Without an emergency fund, you may find yourself s...
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