Emergency Fund In Pressing Circumstances

There is a blogger which is contemplating on using the leveraged portfolio for liquidation as part of the fixed deposit of $50,000 which is one of the requirements for employing a maid in Singapore. I am of view that this will be a bad decision as this will incur the cost in the term of interest charged due to the leveraged portfolio. I am not for the debt incurring during the FIRE journey. I know that there is bound to be unexpected expense during the course of the life journey.

The above circumstance shows the importance of keeping the emergency fund in term of the crisis and last minute circumstance. The emergency fund must be easily available and accessible in the pressing circumstance as mentioned above. I am of view that it will give one a peace of mind which is precious as per my perspective.

WTK

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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