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EMERGENCY PLANNING IS NOT OPTIONAL

Recently heard from few folks that they donot want to set aside corpus for handling emergencies

Their version is why should I set aside 3 to 4lacs without much return on it. He could use that to invest and get better return.

If you are one of those with similar thoughts, how would you handle emergencies where you have to spend about couple of lacs in a day?

– If you invest emergency money, what if the investment has some lockin where you cant liquidate when needed?

– If you invest emergency money and when you want to use it for emergency. What if the valuation is -ve 40%?

– What if you lost your source of income suddenly. How will you react to your invested emergency money all of a sudden?

Tags:contingency planningemergency planning

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