Here is a thought

You need an & #39;Emergency Fund& #39;...

...no matter your wealth

// THREAD //
1. Life is full of surprises

You don& #39;t know what is around the corner

You can& #39;t predict the unpredictable

Roof leak
Car accident
Washing machine blows up

..or worse

Death
Divorce
Sickness
Redundancy

Sometimes, life smacks you in the face

Be prepared
2. Cash Is King

Cash is king when shit hits the fan

Hold at least 3-6 months expenses in cash.

Then, in an emergency:

You can buy anything
You can buy it quickly

But...
3. Cash Is Terrible

Cash saving rates are dire

Inflation destroys your cash buying power

And that destruction compounds

So, many want to put their money to better use

...Let& #39;s debunk some of the & #39;better uses& #39;...
5. Invest It All

Why not sell your investments in emergencies? https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">

Liquidity - 3 days for your trade to settle, days for funds to hit your bank. Won& #39;t help your emergency, RIGHT NOW.

Market Downs - Emergencies often hit when markets are down. You realize losses.
6. Cashflow Instead

Have cash flowing assets. Like Real Estate, or a Business https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">

Works unless your assets are coupled to your emergency.

Take the pandemic

It& #39;s been legal to accrue rent arrears. Landlords have no comeback

Many businesses forced to close
7. Cash IS King

..for when shit hits the fan

Here are 10 sane ideas for how to manage your Emergency Funds

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