@rezoanulvibesOnNoiseApp 16 November 2022

What if you invest when you don't have an emergency fund? When you invest in any assets whether it is stocks, real estate, and cryptocurrency, you think long-term. You may not make a quick return on your investment. But you may need money at any moment. In case something happens and you need money to fix that, what would you do? You have invested all of your money. You have to sell your investments and unfortunately, you may sell your assets at a loss. For example, you invest in cryptocurrency. Now we are in a bear market. You may make a huge loss if you sell your crypto. You make investments to get a return, but end up making a huge loss. There is another option. To face an emergency situation, you have to borrow money from others or take a loan from the bank which you have to pay with high interest. You don't want to end up being in this situation to face an emergency situation, do you? So create an emergency fund first before making an investment. You don't have to go through this kind of horrible situation when you maintain your emergency fund.