Should you have 3-6 months expenses saved up in the case of an emergency?
Should you save money at all?
Should you save money at all?
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Free registration at the forum removes this block.Emergency Fund
- Thread starter TheGreatAli
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- QUESTION
Hello, iVictim25!
You probably were fearing this answer, but I think it depends. On you.
If in the worst case scenario (meaning you lose your business and money) you can just grab a job or side hustle that will feed you, then you probably won't need to save much.
However, I personally (if I aquired lots of money) would invest that money into my business (or save it if it doesn't work).
You can also do it like MJ, he got a bit of money back then with his first clients that would feed him for 3-6 months (iirc?). During that time, you can focus 100% on your business.
You probably were fearing this answer, but I think it depends. On you.
If in the worst case scenario (meaning you lose your business and money) you can just grab a job or side hustle that will feed you, then you probably won't need to save much.
However, I personally (if I aquired lots of money) would invest that money into my business (or save it if it doesn't work).
You can also do it like MJ, he got a bit of money back then with his first clients that would feed him for 3-6 months (iirc?). During that time, you can focus 100% on your business.
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