Having an emergency fund shouldn't be considered having twine

[God Tim]

Well from my own perspective i feel each one of us here it a most to have set up an emergency account because at some point might be very important because and it has been confirmed as smart financial move by a few financial adviser’s who I personal Meets with few days back.

Here Are Some Reason Emergency Funds Are Essential:

- Peace of Mind: it help Reduces the of anxiety and depression stress about unexpected expenses whichever so be noted down.

- Financial Flexibility: Helps you navigate surprises without debt like having to go to the banks first for loans.

- Goal Protection: Safeguards your long-term investments and plans whichever still help you keep your investment not selling them easily as well.

- Preparedness: Like insurance, it's about being ready.

- Freedom: Enables you to take calculated risks elsewhere.

And I read this part that it even has some set up guidelines to  set up an emergency funds which is Size, Accessibility, Purpose, Replenishment, Separate,Starts Small, Just based on your job leave.more ideas could be added for more understanding.

[Barikui1]

I can't deny the fact that the importance of emergency funds is huge, especially when investing in Bitcoin, but I don't think that it's only necessary when we are investing in Bitcoin because real life emergencies comes once in a while, and if you have no emergency funds in place to address that emergency situation, you will definitely be in dip shit.
Why it very important and compulsory to be set aside during investment is that it serves as the last layer of protection of your Bitcoin investment, and since you have an investment to protect from unforseen circumstances, emergency funds is a must, but if you have no investment to protect, it's still very important for security, but people tend to do nothing about putting it in place since they feels like they have nothing to protect, which I think is wrong.

[Gozie51]

I don't believe that a reasonable person will not like to have emergency fund or save for it. But the problem is having the capacity to have such emergency fund in the country we have. Some people don't have steady income and that is the first necessity for emergency fund, if you don't have money by the side then you must have to deep your hands into whatever you have to take care of your bills. You won't be sick and say you won't go to your btc hodling to safe your life. But there is a twist on to this which I believe is a better solution to emergency fund and that is diversification. So instead of keeping your funds in bank, you can as well keep that part that will serve as emergency fund in btc while the bunk of your btc hodling is still in a separate wallet. The point is if you put it in fiat inside the bank, inflation will eat it up. So outright diversification to generate side income that will still serve as emergency fund will serve more and it has to be an investment that has daily turn over, POS business is a good choice.

[Wolf of One Street]

Emergency funds or emergency account is very important and this is whether you are a crypto(Bitcoin) investor or not, it is important to have an emergency account. we know very well that emergencies most times don't ring alarm or let us know it wants to happen and that's why it is called emergency. It is therefore good to be prepared before hands. Emergency funds are otherwise seen as personal insurance. I therefore agree with you that having an emergency fund is important whether you are an investor or not and even better when you are an investor as it will help keep your investment untouched.

[Yablee0]

No investment can withstand or survive without the aid of an emergency funds been put in place, perhaps is like preparations for the raining days to come.  For real it has be proven that Bitcoin investment required long time to get to maturity stage and as we all know problems and unforseen challenges is one thing that's inevitable and can't be avoided, perhaps must surely come then in a situation were their is practically no funds (emergency funds) to run to when real life problem comes, what will be your fate?  Perhaps dip in your investment funds to solve it which is a big red flag to you as an investor and am pretty sure you wouldn't want such to happen to your investment.

Therefore as a young investor inspiring greatness it's up to you in doing the needful by setting up your emergency funds intact as to overcome real life challenges when it surface.

[Kelward]

Emergency funds no de compulsory to get as a Bitcoin investor but e de very necessary, if you no get emergency funds as a Bitcoin investor wey get plans to hodl for a long term you fit to de tempted to sell prematurely if emergency expenses happen to you. If you no de financially capable to enter inside Bitcoin investment e de better for you to build your income and get sufficient emergency funds wey you fit to get emergency funds and Bitcoin funds to de buy.

No let lack of sufficient emergency funds to stop you from starting Bitcoin investment, e no get any specific amount wey you must put aside for emergencies, just make sure say atleast small thing de Incase e happen. Basically everybody need to get budget for dem income, if your income no de sufficient to get discretionary funds make you work to increase di income first before you start. If you de for Bitcoin investment and you come get serious emergency wey pass your emergency, if e happen say no other sources to raise money to take care of the important emergency need e de better to sell your Bitcoin. No go take because of long term investment make you no sell your Bitcoin to save your life and dat if your loved ones.

[Tmoonz]

I can't deny the fact that the importance of emergency funds is huge, especially when investing in Bitcoin, but I don't think that it's only necessary when we are investing in Bitcoin because real life emergencies comes once in a while, and if you have no emergency funds in place to address that emergency situation, you will definitely be in dip shit.
Why it very important and compulsory to be set aside during investment is that it serves as the last layer of protection of your Bitcoin investment, and since you have an investment to protect from unforseen circumstances, emergency funds is a must, but if you have no investment to protect, it's still very important for security, but people tend to do nothing about putting it in place since they feels like they have nothing to protect, which I think is wrong.

The importance of having an emergency funds has been discussed in so many threads and boards and I must say that it really worth given attention to as a person because neglecting it have consequences, emergency will always arise whether we like it or not it will sure come and when it comes when you are not prepared you will definitely pay the price, having an emergency funds doesn't only protect our investment it also gives you a peace of mind and safe landing whenever you are hit with an emergency without struggling to face the challenges that it comes with.

[Dick Long]

No investment can withstand or survive without the aid of an emergency funds been put in place, perhaps is like preparations for the raining days to come.  For real it has be proven that Bitcoin investment required long time to get to maturity stage and as we all know problems and unforseen challenges is one thing that's inevitable and can't be avoided, perhaps must surely come then in a situation were their is practically no funds (emergency funds) to run to when real life problem comes, what will be your fate?  Perhaps dip in your investment funds to solve it which is a big red flag to you as an investor and am pretty sure you wouldn't want such to happen to your investment.

Therefore as a young investor inspiring greatness it's up to you in doing the needful by setting up your emergency funds intact as to overcome real life challenges when it surface.

Preparation is the fundamental key to every successful business and investments. Emergency funds is one thing that helps an investor ready for any kind of challenges that come on the way to in the process of running the business.
 Emergency funds has a lot to play is a business which includes readiness for opportunity, reserves for risk management, it's also like a pillar that keeps the business strong with confidence. If practice in a day to day life,  it will become an habit that strengthens but as well.

[yixichloro2xx]

‎People often overlook emergency funds a lot , but that what protect people from make bad decisions especially when life hits hard. This includes bills, health issues that come up without warning. So if a person separate a different cash to curb those issues, it  can reduce unnecessary pressures and panicking so that one won't sell assets fast. It can also make someone to think properly instead of rushing into loans. For someone to have a long term goal while investing in Bitcoin, he must have emergency funds as a pillar to support him through that journey.

[ejikeme24]

I don't believe that a reasonable person will not like to have emergency fund or save for it. But the problem is having the capacity to have such emergency fund in the country we have. Some people don't have steady income and that is the first necessity for emergency fund, if you don't have money by the side then you must have to deep your hands into whatever you have to take care of your bills. You won't be sick and say you won't go to your btc hodling to safe your life. But there is a twist on to this which I believe is a better solution to emergency fund and that is diversification. So instead of keeping your funds in bank, you can as well keep that part that will serve as emergency fund in btc while the bunk of your btc hodling is still in a separate wallet. The point is if you put it in fiat inside the bank, inflation will eat it up. So outright diversification to generate side income that will still serve as emergency fund will serve more and it has to be an investment that has daily turn over, POS business is a good choice.

Emergency funds is only needed when you have investment/ or business that is running, if there's none then having emergency funds might be considered a waste or it can be converted to savings or reserve funds. You're right the country is very hard to a point where most  people are even finding it hard to make savings talk more of investing reason been that they don't have any source of getting money, of course if you find yourself in such condition then you should worry less about setting up emergency funds because is of no use when you don't have investment/ or business that is running unless you just want to make it available Incase of anything which it will no longer serve as emergency funds but reserve funds.

[Jubilee58]

The power of having emergency fund cannot be underated in any way. Before I go ahead, I think is important for us to known the meaning of emergency fund.

Emergency fund: This is the money kept aside to solve any unexpected event or contingency. Having an emergency fund plays a crutical role in ones financial journey, for instance, as somebody who is into business or any kind of investment, emergency fund will enable you not to tamper with your business money and safeguard your investment. When you start a business and you over rely on your business money, such business can easily fail, but if you have some money kept aside to solve some emergency, there is hope for such business to thrive or grow

I have seen businesses collapse and people being thrown into confussion because, there is no emergency fund. When a business does not have strong financial backup , such business is bound to fail. When people have emergency and their is no emergency fund to confront that situation, you will be forced to borrow money and possibly becoming a deptor.

We all should learn how to set some money aside for emergency, because it will save us from many unexpected situation.

[Marvelockg]

And I read this part that it even has some set up guidelines to  set up an emergency funds which is Size, Accessibility, Purpose, Replenishment, Separate,Starts Small, Just based on your job leave.more ideas could be added for more understanding.

Emergency funds could be as simple as a set out money that stands to help sort out emergency needs. As long as it's enough to sort out the need and that it's readily available, that's all that matters. Every other thing though complex are just added to ensure that your investment is properly protected and that's actually what matters most.

As much as you're trying to build your emergency fund, also ensure that you have a good investment that the emergency fund is protecting. If you're not working to ensure that you build up a good portfolio, what's going to be the essence of the emergency funds if the quantity of asset you're building is small?

[Mhizlove]

Emergency funds or emergency account is very important and this is whether you are a crypto(Bitcoin) investor or not, it is important to have an emergency account. we know very well that emergencies most times don't ring alarm or let us know it wants to happen and that's why it is called emergency. It is therefore good to be prepared before hands. Emergency funds are otherwise seen as personal insurance. I therefore agree with you that having an emergency fund is important whether you are an investor or not and even better when you are an investor as it will help keep your investment untouched.

Honestly what you're saying I do understand it, there should be emergency funds because it's the basic requirements for everyone, regardless if you're an investor or not. Since issues that you won't be expecting can come anytime , always be prepared ahead of time, this is a wise choice to make. This funds you see also serves as a backup plan to support you when life turns out to suprise you tomorrow.

And for investors the funds is very important because it's stops you from interfering with your investments during hard times and it's also help you to stay more focused on long term investments

[adultcrypto]

And I read this part that it even has some set up guidelines to  set up an emergency funds which is Size, Accessibility, Purpose, Replenishment, Separate,Starts Small, Just based on your job leave.more ideas could be added for more understanding.

Emergency fund is needed by anyone who have investment in bitcoin with plans of holding it for long The concept itself can also find application in other areas of business but since we are here, bitcoin investment is the most suited need for emergency. Emergency funds is like a new addition to the process and it was necessitated by the need to provide a protection for the investment against sudden liquidation. The additional touches you added to the emergency funds is good and will help an individual know the proper way of setting up the emergency fund.

[Donk1]

Like life is unpredictable, the market is unpredictable. basically as a Bitcoin investor we can't predict our next step we can only plan it. That's why it's easy to say anything can happen, and when that time comes that's when you show reality the usefulness of your emergency funds.​I can indeed agree 100% that it helps a lot in different aspects of life. That's why when you are planning things as an individual or a crypto enthusiast always agree with yourself that whatsoever happens I am ready. That's what emergency funds do it backs you up by giving the mindset to be free...

​Moreover emergency funds is actually like an insurance. It protects your investment so that you wouldn't sell irrational lastly its potential is unlimited as to the aspect it helps every individual crypto users or not if you want to be stress free in your long term investment and your individual life always have emergency funds in place....

[Proty]

Well from my own perspective i feel each one of us here it a most to have set up an emergency account because at some point might be very important because and it has been confirmed as smart financial move by a few financial adviser’s who I personal Meets with few days back.

Here Are Some Reason Emergency Funds Are Essential:

- Peace of Mind: it help Reduces the of anxiety and depression stress about unexpected expenses whichever so be noted down.

- Financial Flexibility: Helps you navigate surprises without debt like having to go to the banks first for loans.

- Goal Protection: Safeguards your long-term investments and plans whichever still help you keep your investment not selling them easily as well.

- Preparedness: Like insurance, it's about being ready.

- Freedom: Enables you to take calculated risks elsewhere.

And I read this part that it even has some set up guidelines to  set up an emergency funds which is Size, Accessibility, Purpose, Replenishment, Separate,Starts Small, Just based on your job leave.more ideas could be added for more understanding.

Liverpool is full of uncertainty and so many happenings that is beyond our control hence there is need for every living being to set up an emergency funds incase of unanticipated happening.Emergency funds is really important as it act as a safety net , it is essential for an investor to have an emergency funds that should be able to cover up 3-6 months of there expenses.

[Derekfunds]

And I read this part that it even has some set up guidelines to  set up an emergency funds which is Size, Accessibility, Purpose, Replenishment, Separate,Starts Small, Just based on your job leave.more ideas could be added for more understanding.

Emergency fund is needed by anyone who have investment in bitcoin with plans of holding it for long The concept itself can also find application in other areas of business but since we are here, bitcoin investment is the most suited need for emergency. Emergency funds is like a new addition to the process and it was necessitated by the need to provide a protection for the investment against sudden liquidation. The additional touches you added to the emergency funds is good and will help an individual know the proper way of setting up the emergency fund.

You are right, emergency funds is really necessary most especially for holders because time will come when challenges will arise and if you don't have emergency funds to take care of the challenge you won't have any other choice than to touch your investment and that will be a wrong practice because that alone signify unseriousness and lack of knowledge in Bitcoin investment. Every folks should always make arrangements for their emergency funds unless you are a trader because as a trader you don't really need it because trading is a short term game.

[Progress101]

From my own point of view, an emergency fund is one of those things you don’t truly appreciate until life puts you on the spot. things like unexpected bills or delayed income, or sudden responsibilities that can easily push you into panic if you are not prepared.  So having money set aside gives you breathing space, it lets you think clearly instead of reacting out of fear or maybe even rushing into loans or selling investments you worked hard for, you know and of course it does not have to be perfect or big to start with but even small and consistent savings kept separate and easy to access can make a real difference in your life.