I have always been sunny and optimistic. But, I have been to a lot of funerals lately and it’s got me feeling down. Last week, a good friend of mine lost his 28 year old son. It was completely unexpected and it hit everyone hard. To make things even worse, the family wasn’t prepared financially for all of the expenses. The rainy days will certainly come and usually at the worst possible time.
Accidents & Emergencies
If you are doing something you know is risky and the worst happens, is that an accident?
If you are unprepared for something you know is likely to happen, is that an emergency?
My point is that most accidents and emergencies can be avoided or at least mitigated, with just a little foresight. Layoffs, illness and unexpected expenses are a normal part of life. They aren’t accidents and they shouldn’t become an emergency. Just a small amount of money put into an emergency fund could help you at the worst possible moment of their life. A couple thousand dollars put away could save you from becoming homeless during a layoff. It’s not that hard to put some money away, yet many people won’t do it. Don’t be that guy.
Why suffer an emergency that can be avoided with an emergency fund?
The Bottom Line
The bottom line is that rain can be quite pleasant, when you live your life under an umbrella. Instead of shivering while you are soaked to the bone, you can listen to the music of the falling rain. Money helps a lot if you have it when you need it.
“The average man is a conformist, accepting miseries and disasters with the stoicism of a cow standing in the rain.”