Maintain an emergency fund before diving deep into investments. An emergency fund provides a financial safety net, covering unexpected expenses such as medical emergencies, car repairs, or sudden job loss. Aim to save three to six months’ worth of living expenses in a high-yield savings account. This fund ensures you won’t need to liquidate investments at a loss during market downturns to cover urgent needs. By securing an emergency fund, you protect your investment strategy and maintain financial stability, allowing your long-term investments to grow uninterrupted.
Disclaimer: The information contained in this report is intended for informational purposes only and should not be considered as investment advice. The information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.
Thanks for reading Ranora Daily! Subscribe for free to receive new posts and support our work.
