Quote from: $crypto$ on January 24, 2024, 06:49:23 PM

Quote from: Promocodeudo on January 24, 2024, 01:01:23 PM

If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.

Thinking about emergency funds is very important especially if you don't want to disturb when the investment has started, we never know what future circumstances are needed, so emergency funds are important before investment starts, at least you already have a handle on this.

Well that's a lot of consideration with the cash flow you have, I'm sure the average of us will probably get from a month's salary and divide it into several segments of emergency funds, needs and investments then that will be divided by how many percent of investment how big your needs are then this is important not to be ignored.

I feel that with the emergency fund that has been prepared we feel a little more relieved, why? Because you will be a little calm with bitcoin investment even though for example the cash flow is starting to decrease a little but you can still do from emergency funds or needs can use emergency funds until cash flow returns to normal.

Therefore, we must start preparing the budget that we need from the beginning because after all, this planning is important to balance the income we receive in 1 month and the expenses that we must prepare to support our needs so that we can prepare everything properly including the emergency fund budget which is quite important.

As you said, we cannot know what will happen tomorrow or in the future so in this case we need to prepare from the start so that unexpected situations do not bother our minds too much because we already have prior preparation with emergency funds that have been prepared.
As for in the end it is used or not, it is a matter of later, the most important thing in the financial planning and management that we have emergency funds must remain as a consideration and it becomes a mandatory thing so that we can minimize unexpected events.