Start your own emergency or contingency or buffer fund(Bengali Version) -Contact Your Financial Adviser Money Making MC https://youtu.be/jMtwpgi1eas

Contact Your Financial Adviser Money Making MC (MrinmoyChakraborty)
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28th May 2020

"We don't have to be smarter than the rest. We have to be more disciplined than the rest." -Warren Buffett

A contingency plan is often used to manage the risk that may seem unlikely to happen, but if it does, it would have a disruptive impact on your life. Having a contingency fund will ensure that you don't have to worry if such a situation arises. It will enable you to pay your EMIs on time, even if your cash flow stops for some time as you have anticipated this and kept funds aside.

Many of us don't plan for a crisis until it actually happens. Since the probability of a contingency is often low, it never seems an urgent task, until it's too late. A Standard & Poor survey finds that 76 percent of Indian adults do not adequately understand key financial concepts, including risk diversification, inflation and compound interest.

A contingency fund takes care of your day-to-day financial requirements in case of any financial emergency like a job loss, medical expense or any unfortunate situation or event that results in temporary financial loss.

Financial advisors help individuals make wise decisions regarding money management. If you need to evaluate your financial health and take the situation as a golden opportunity, then you can contact Whatsapp:+919230630841 E mail: moneymakingmc@gmail.com

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