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How To Actually Win Financially In 2024! (Ignore Everything Else)
Money Guy Show
Prepare for the Rainy Day
Bad events can cluster together, affecting multiple areas of your life simultaneously. Emergency reserves act as a rainy day fund for such situations, as they provide a safety net when the stock market and housing market both take a hit, potentially leading to loss of access to credit and even job loss. In such times, having cash is crucial, as it is akin to the oxygen we breathe, something we often take for granted until we find ourselves in need.
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