Money magazine says that 78% people will suffer from a negative financial event in a 10-year period.
Lying on the small hospital bed with the IV in his hand and the broken mobile, after the car accident, Mr. Dumbbell was thinking about the next few months and the jolt to his earnings that the car accident had caused. Although medical expenses were not a major concern for him as they were covered by his insurance, his disrupted income stream posed a challenge for the family.
Many of his relatives and colleagues visited him while he was bedridden. Knowing his sudden financial need, some of his relatives and friends offered him help. If he hadn’t got the timely help, he was even prepared to liquidate his assets and investments.
But, each one of us might not be as fortunate as Mr. Dumbbell. So, what do you think he did wrong? Continue reading ““The Ouch Fund” – Do You Have It? (4 min read)”