Post
Topic
Board Economics
Re: Should I Use Emergency funds or Sell my Assets ?
by
Doan9269
on 19/07/2023, 10:19:42 UTC
I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been  five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?

If you're so depressed to the extent of not having a breaking even experienced with the situation of economic impact through inflation, i will suggest that you consider your assets you hodl first, are they actually making money or they are just there for the formation sake turning to a liability over time, if they aren't that productive as expected, they you can convert them to bitcoin and try to hodl or engage doing trading in case you already have the experience of doing that, anything that is not earning you an income is a liability and that's why i asked for it at the first i stande that if the assets you're holding are being productive or not, your emergency funds is always ever relevant as not being touched because you may needee it at anytime, but another good decision is to also have them in bitcoin in your personal wallet decentralized.