Million dollar mistake #5
The lack of preparation: Life is full of surprises, hence making it colorful (there are ups and downs). Again, it is all a matter of point of view – but for the most of us changes are hard to accept… that is strange, coz when you think, life is all about changes... learning, evolving, moving to a next level. So we all know that “things” happen from time to time even to the best of us. Luckily, living in our days gives us the best tools and options to prepare ourselves for pretty much all controllable surprises life could bring. Insurance is one of those tools that have saved wealth of many aspiring millionaires. Savings is another useful instrument when preparing yourself for unpleasant surprises – having some saved backup money could be a real emergency ladder in many situations. Cash - an instrument, a tool, an option – call it anything you like, I call it cash – and cash needs no explanation. Keep the amount of one salary in cash somewhere in safe place, accessible at any time. This will let you feel mush safer. Keep the amount of your half year salary somewhere in a safe place available at any time – and this will make you feel even safer (but this one goes for later) As mentioned previously, things tend to happen and if unprepared, any wealth could be gone in an instant. This is one of the reasones why millionaire are so confidend and relaxed - they have backup money, backuping their millions.
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