I have spoken on this subject in the past but it feels more real than it ever has since my dad just had a major brain stroke on Friday. I can see my mom is very unsure of how to manage the financials and it’s a very tricky spot to navigate with my dad only being able to spit out a few words at a time, I am hopeful for a full recovery. My dad is getting better by the day which is good but it’s a long road to recovery. My family can tell that he is worried about his assets and he has made attempts to tell my mother and brothers what to do, we believe he was trading all his coins into a volatile crypto right now and want to help him stabilize that. I have my flight booked and I’ll be there in a few days to help with everything but now more so than ever if you haven’t taken the time to fill in your significant other or trusted family member what to do in the event of something like this happening then you need to make sure that is in place not only for all your crypto assets but physical and anything you can pass on. We are not promised tomorrow, I am thankful my dad is alright. I believe he will recover. If you can please send prayers for him and my family 🙏
Make sure you have a plan in place so your loved ones are set up for success and never be in this type of situation.
praying for my father to get well soon and return to his normal activities,
Actually, emergency funds existed before crypto, it's just that people are lulled by luxury and they don't realize bad things in the future that require funds, I personally prepare emergency funds in the form of crypto and savings in banks where bank savings are an alternative if crypto is not doing well, such as experiencing a decline and we need money,