Emergency Fund

Read the Money Sense article on an emergency fund.

I am retired and I still have an emergency fund. It is for the unexpected happening. I last used it when I need to pay for physiotherapy because of a sore back. I sat at my computer too much during the last lock down. You never know when you are going to need some extra funds.

Life is cyclical. Economically, we have expansions and contractions. We are lucky that there has not been a contraction since 2008. We are probably in one now. When you have an emergency fund you will have a lot less stress during economic contractions. I also had another source of income besides my job when I worked. I invested in dividend paying companies and this certainly made economic changes much less stressful for me.

On my other blog I wrote yesterday about Waterloo Brewing Ltd (TSX-WBR, OTC-BIBLF) ... learn more. Next, I will write about Keg Royalties Income Fund (TSX-KEG.UN, OTC-KRIUF) ... learn more on Friday, December 2, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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