Mika
VIP Contributor
How do you ensure that you are financially secure? Here are my strategies
Emergency Funds
Building an emergency fund is crucial for financial safety. How much you should have in your emergency funds depends on various factors, such as your needs, lifestyle, etc. Recommended amount is 4-12 months expenses.
Passive Income
Having a passive income also helps in financial security. Passive income becomes essential when facing unexpected situations, for instance losing your active income suddenly, or emergency expenses, such as medical bills.
Liquid Assets
Having liquid assets like gold and silver can make you financially secure.
Real Estate Property
If you have a house, you are also financially secured.
Emergency Funds
Building an emergency fund is crucial for financial safety. How much you should have in your emergency funds depends on various factors, such as your needs, lifestyle, etc. Recommended amount is 4-12 months expenses.
Passive Income
Having a passive income also helps in financial security. Passive income becomes essential when facing unexpected situations, for instance losing your active income suddenly, or emergency expenses, such as medical bills.
Liquid Assets
Having liquid assets like gold and silver can make you financially secure.
Real Estate Property
If you have a house, you are also financially secured.
