An Emergency Fund is the first step towards financial freedom.
Everything You Need To Know about Emergency Funds
A Thread 🧵👇
An Emergency Fund is the first step towards financial freedom.
An emergency fund cannot be built overnight but it can be done gradually. Firstly, you need to analyse your monthly expenses and then, you need to set aside a particular amount every month.
Well, it depends upon your monthly income and expenses, ideally an emergency fund should be at least 6 months of your monthly expenses.
It is the most important criteria of building an emergency fund because managing your money is a very crucial part.
Once you have built your emergency fund, it should be diversified into different channels.
(b) Some portion should be kept in your savings bank account.
(c) A part of your money should be invested in the liquid fund, where your goal is not to chase returns.
BY : @ShubhamAggarwl
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One day he saw a cowherd man brutally assaulting a cow,Vichara Sarman could not tolerate this. He spoke to cowherd: ‘Do you not know that the cow is worshipful & divine? All gods & Devas reside in https://t.co/ElLcI5ppsK it is our duty to protect cows &we should not to harm them.
