Planning Ahead

Noobie2011

Thrugelmir wrote: »

The one certainty in life is uncertainty. Building a stable platform first is a form of insurance. As one should only speculate with what one can afford to lose. The root of most peoples problems start with the unexpected 3 D's. Death, Divorce, Distress (i.e. job loss, unexpected bill). All those well made plans disappear with a loss of income and being forced sell assets at an inopportune time.

I agree and think it is a balance to be honest and can never predict what will happen and how much it will cost.

You can to a certain extent plan for unexpected things to happen but in general my view is try and plan in what you expect to happen with some contingency and then as you say only gamble with money you can afford to lose in your current circumstances otherwise you would never take any risk as woukd be worrying one of the 3 D’s is around the corner