Part 5/10:
Many people find their wealth trapped in illiquid assets like real estate or long-term investments. While you may possess valuable assets, the lack of liquidity can lead to feelings of being cash poor and even confined to the life you’ve constructed. Cash availability offers a vital sense of security and flexibility—making it easier to handle unexpected challenges or opportunities.
Experts recommend maintaining a healthy cash cushion, ideally a 3-6 month emergency fund plus additional funds for investment opportunities to balance liquidity and wealth-building.