Every finance advisor today advises us that we should keep aside three to six months’ worth of expenses for emergency. But very less number of people end up saving that kind of emergency fund.
What’s the reason that rest of the people couldn’t do it?
Answer is very simple to this question, cause they save very less. Suppose you are saving just 5% of money from your whole income, that means you are spending 95% of your money in your expenses. So we’ll check how much time it actually takes to save only one month’s emergency fund.
By a simple formula, which I got from an article:
So you’ll be able to save a single month’s worth expense in 95/5 = 19 Months! Yes More than a year and a half for just a single month’s worth of emergency fund.
That’s a bad news, obviously. But there is a flip side to this situation. If we just increase our monthly saving to 10% the time needed to save the money for a month comes down drastically to 9 Months only. An exponential drop! Just Imagine, you saved 50% for 2 months so you’ll be able to get that 1 month’s emergency fund in just 2 Months!!
So the bottom line is we need to save money a little more than we usually do, if we want to save some good amount of emergency funds. How to seriously save money, you can get some help on that here. Rob Berger (doughroller.net) has explained it very well.
Here’s another link for a great article I found in Morning Star’s yesterday’s newsletter, 5 Steps to Build an Emergency Fund. Great Article.
Hope you enjoy today’s post and start saving more towards a great emergency fund goal! Good luck.
by Himanshu Sachdeva
Flowing boundless and free!!
Letting the life be flourished,
And the creatures inside me get nourished!!
My waves live with soaring energies!
But inside of me there is an abyss!
Where live the darkest fears of mine!
It in fact is devil’s shrine!!
There lives no thing bright!
And it goes deep to infinite!!
Alcohol Suppresses Deep Sleep, and REM sleep! Alcohol will suppress the 3rd, 4th, and 5th stage of sleep, which will result in a very light, un-restful sleep. Reduced REM sleep usually leads to a REM sleep rebound, in the form of intense dreaming or nightmares, which weaken your sleep for days afterwards.
Considering that most people combine alcohol with coffee to fight hang-over, this is a deadly combination for your sleep system! Alcohol also dehydrates your body, so even small doses of it will produce un-restful sleep. As you remember, your blood vessels dilate during deep sleep to allow more blood flow to the muscles. If your body is dehydrated this process is much more difficult because dehydrated blood doesn’t flow as well through your blood vessels as fully hydrated blood.
Note: Never Combine Alcohol With Sleeping Pills! If You Do, You’re Risking Your life!
Source: The book – ‘Powerful sleep’
The reality of life, is death. Knowing that if we are alive we have to die someday, is not a thought that would annoy your mind. But knowing that you have only 8 months to live is a thought that can recess the deepest and the darkest corner of your mind.
You would say why me? Why now? Why this?
All these questions, but one answer, destiny. Cause it was written in your destiny.
But on the brighter side, knowing this can free a personality from within your own self. The free one. The soothe one. The conquering one. Yes that’s you minus your fear of the unknown.
You see, it just takes a knowing to get out of a fear. Knowing of the time you are left with.
So likewise you only need knowledge, to clear up the fog of any unknown. Better you get inside the fog and spray it clear.
For example, I like football, I like watching it, but one fine day, some boys are playing in the back yard and someone kicks the ball hard and the ball just come rolling to my feet. Now I have two options, one – I’ll think if I’ll be able to kick the ball nicely and to a great reach, but I’ll be afraid, what if I couldn’t kick it? What if I missed the shot? What if I kicked it in wrong direction? With all these thoughts I’ll pass the thought of kicking and walk away. But on the other side the second option – I won’t think for even a fraction of a second and kick it with all my gut, I know even if I missed it nothing gonna happen! Seriously nothing! But if I kicked it hard and it went to a great reach. Boys will gimme a nice little smile and I would walk away happily.
A large part of the society is the former. The ‘miss it’ one.
That’s the reason I’m writing this right now. Cause I too had been through this shit myself. I had been the former and the latter both. You know which one felt nice? The latter one. Cause he took his chances to not to regret later.
The same way if you get to know the date of your death is just eight months away, you would like to pass each of your day like its your last. Exactly that’s what I’m talking about. Cause you will conquer the fear of the unknown. And live it freely.
So instead of getting yourself a deadly decease and than coming to the above feeling, why not just do a single thing which will help you throughout and you will be able to live like a free spirit and enjoy your inner self. That one thing will change you completely, it will get the frightened one out of you and will make you a true free man or woman. And that one thing is – Wake up everyday watching the sun rising through your window and think, hey! Get your ass out of bed quickly and do the things you really really love, dude it’s your last day! Do as much as you can! You never gonna get ‘this’ day ever again!
Moral of the story, live it like its the last day of your life! And conquer the fear of the unknown. Live well, live free!
Most men call their wives their “better half” because they believe it, but the expression comes from an ancient Middle Eastern legend. When a Bedouin man had been sentenced to death, his wife pleaded with the tribal leader that because they were married, she and her husband had become one, and that to punish one-half of the union would also punish the half who was innocent. The court agreed and the man’s life was saved by his “better half.”