ES0001: Financial Assets - Emergency Fund
When many people think of financial assets, stocks, bonds, bank accounts, real estate comes to mind. But the one area that is often neglected is the emergency fund. Most people think this represents just a wad of cash kept in a safe place at home or on one's person. It is valuable to consider the totality of what an emergency fund represents in the event of a black swan type event such as mass civil unrest, breakout of war, severe economic recession, large scale disaster, or financial system collapse.
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