The concept goes deeper than just having a rainy day fund.
Because money is only part of the equation...
Think across various platforms of your life.
- Your Financial Capacity (Business/Personal)
- Your Physical Capacity.
- Your Mental Capacity.
- Your Social Capacity.
- Your Time Capacity.
SCENARIO:
A recession is beginning and your household income could decline 40%.
BOOSTING EMERGENCY CAPACITIES:
- Revisit your budget and change priorities to boost your emergency fund.
💥 (Financial)
- Being my best self during this stressful time prioritizing good rest, eating well, and doing activities that lift my spirit.
💥 (Physical/Mental)
- Investing more time into my network and community because we are all in this together.
💥 (Social)
- Freeing up time commitments, for income-producing opportunities while postponing purchases or investments, preparing for this to last 18 months.
💥 (Time)
As you navigate through life - make sure you always consider your Emergency Capacity across all platforms.
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