F**k Off Money.
“Not all eggs in one basket”
Meaning: Don’t put all your money on the same thing. All investments comes with a risk. If you put all your money on the exact same thing, they all carry the same risk = not smart.
Money is power. But in many ways money is also freedom, independence and possibilities. Having a buffer of your own, creates windows for change and for new beginnings.
A buffer is not for free. It comes with devotion and persistence. At first it might seem like a high mountain to be climbed, but for every step, the buffer will grow. Don’t forget why you are saving.
HOW TO GET A BUFFER:
Save money. Do it in the beginning of the month when everything is happy-clappy.
Spread your risk. For example regular bank account, shares and funds.
By investing some of your money, they have the chance to grow faster than at a regular bank account. But the possibility is also the opposite - which is why “not all eggs in one basket” applies.