You are right, emergency doesn't happen or occur everyday but you should understand that emergency is not just a financial problem but rather emergency can be anything provided one is not expecting that particular situation at that moment. Moreover, emergency happens to everyone whether in Bitcoin investment or outside Bitcoin and it is very necessary to save up or prepare in case of any emergency so saying that emergency is not something we have to worry about, it is very wrong because emergency is something we should always keep in mind in whatever thing we are doing and it will also help one to be conscious.
Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.
Yes, this is so true. Emergency is not just an unforeseen circumstances or events, sometimes we create emergencies by ourselves and it has nothing to do with accident. As an investor, we need to be extremely careful with our finances because any little mistake we do in terms of our financial management can cost us more harm than good. Most persons go into debt not because they don’t have sources of income but because they didn’t apply the right cash flow management skills with their various sources of income. As an investor, even if you have sources of income coming in either monthly or weekly, and you do not employ the right cash flow management techniques or practices, you are doomed to fail with your investment because you failed to adequately track or manage how money moves in and out of your investments or business, you need to also live within your financial means. Poor financial management skill will lead you into various financial problems such as an increase in debts because at this point you will be finding it difficult to meet up with your financial obligations of trying to build up your investment portfolio as you normally do before either weekly or monthly especially if you’re someone whose initial strategy is based on the DCA method of accumulation. In this scenario, if an investor starts having increased debts as a result of poor financial management skills, you will start having emergency financial problems which you must settle, and once you start setting those debts you’ll find it difficult to still continue with your investment or bitcoin accumulation consistently. And it will even get to a point where by you will be forced to sell off your bitcoin assets when is not due and by so doing you are slowly abandoning your bitcoin investment totally. This is one way we can cause emergency by ourselves.