Why is a safety fund essential for a long-term investor and entrepreneur?
When you want to invest and build for the long term, the priority should not be only to seek profits. First, you need to build a financial foundation capable of withstanding unforeseen events: a safety fund.
A safety fund is a reserve of money that is easily available, intended only for emergencies: illness, loss of income, major repairs, an urgent family expense, or a temporary difficulty in the business.