There are two funds that every investor should have.
1/ An Emergency Fund 2/ A Sinking Fund
Here's what they are and how to create them👇👇
1/ An Emergency fund.
What is it?
This is a set amount of money that covers your daily expenses for a certain period of time.
It should cover your daily *normal* expenses for a period of at least 6 months.
However, if you have only one source of income or you have other people who depend on your income, it's wise to have a fund that can cover you for 9-12 months.
In the wilderness, having more water is better than having less water.