Read Secret #1 here.
Secret #2: Building an Emergency Fund
Another secret of wealth accumulation is to build an emergency fund of three to six months monthly income. The Jews call this a Shalom Fund.
If you live in a country where the currency is soft (unstable or constantly devaluing) place these funds in a hard currency account. In this fund, your primary aim is not to find an “investment that multiplies.” Interest is not the main concern. Capital is.
In case you have an emergency, you have to be rushed to hospital, or your house is damaged in a natural disaster, or you lose your job, you can quickly put your hand on this emergency fund and use it until conditions improve.
i invite you to share your thoughts on this topic in the comment box below. Stay tuned for Secret #3
Tony Williamson is a motivational speaker and author of the book, "The Courage to Conquer: 9 Inspiring Strategies to Be Bold, Overcome Obstacles & Forge Your Fantastic Future!" For more information please visit www.tonywilliamson.org and on Facebook: www.facebook.com/tonywilliamsonbooks. Email: email@example.com
I am an author, motivational speaker, chartered financial consultant, linguist, paramedic,