https://pixabay.com/photos/pawns-chess-figures-colorful-chess-3467512/
Money is a great servant but a terrible master.
Plan for 18 months
Monthly expenses = X
Set aside an amount of 24 X
Never touch the above amount
Do take personal medical insurance for everyone in the family
Have NO EMIs
https://pixabay.com/vectors/chain-broken-link-freedom-297842/
Small business owners rely on friends and family for social, financial and sometimes even operational support.
found that more than half of respondents relied on family in important business roles, both formal and informal.
Must inform family about your plans
Time Duration
Financial Risk
Side Effects
“Family is not an important thing, it’s everything.” —Michael J. Fox