Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Bravut
on 20/06/2024, 11:06:22 UTC
Quote
Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...
It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.
It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

"Pleasing others at your own expense comes with no peace". That is not what giving is all about, anyone (investor) is simply fooling around, it a wrong approach in life matters, demands from people and family members is never ending, any investor or person that always give at his own expenses never grows.
If the investor have the money available am not against such since your reserve or emergency funds can cover for it but it should not be forced, at your own expense simply because you wanna give others; We should understand this.