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RE: The Importance Of Having A Contingency Money Plan

in LeoFinance3 years ago

I was actually things about the selling all one has for migrating to another country few minutes ago, and the thought was I have such opportunity but I just don't see liquidating my cryptos for such move.

It takes a lot to be financially discipline, spending wisely while also maintaining consistent growth. This is something none is perfect at but with consistency and discipline we can only get better.

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I know of people who would do such. Liquidate everything they have in a bid to probably secure a life in another country. I think the uncertainty to this plan is something that one might regret. While there's a possibility one might not. I don't think I'll take those chances.

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Liquidating all that one has can never be a good idea.

Having an emergency fund is a great measure to prevent falling to zero

That zero ground after one have been making good progress should avoided at all cost.

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Exactly my point..

To go back to Zero is not an option

But the promise of a better life is always lurking so many people do not mind taking that risk at all cost.

That risk at all cost gets some doing things not worth doing for the sake of money, it's one bad decision leading to another...

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Hahaha, I remembered someone who put their pension into ponzi schemes back in the days. It's crazy. All that risk just for an chance to get more money

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