Where you fully prepared for the virus hit? Probably not?

I can not speak for others, but I have come to learn the hard way when it comes to financial literacy and discipline.
I found myself not having work when the coronavirus hit, and I know many of you can relate, and for that matter, I am a healthcare worker. The sad truth is that, most healthcare casual employees also did not get work regardless of what the media was broadcasting. You would often hear that they needed healthcare worker and calling all the retired worker to come back. That was not precisely true, it was a panic strategy to gather workers at their finger tips in case things go south, but there was and still is no work for most. Surgeries were cancelled, and non-emergency illness was being dismissed and told to manage the symptoms at home. So yes, things were tough, for me and I can not imagine what retail workers, airline workers, beauty saloons and others were experiencing.

After three weeks of no work, no income, I got lucky, and at that stage, I had reached my breaking point. A contract job opportunity presented itself. As you can imagine, I jumped onto it because that was the only way I would have been able to survive this crisis.

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Covid19 is the wake-up call I did not anticipate. It so made me realise that it was time to start taking my emergency fund account seriously, to invest and to have multiple streams of income, things I’ve heard internet gurus blub about everywhere.

But how much is good enough emergency fund? Is it three months worth or six months worth? What type of investment should I be making? What other possible ways could you earn money, all I know is my job?

These are the exact questions I had, if you want it bad enough you will get it by any means necessary. Websites like Fiverr and Etsy, to name a few, were once very foreign to me until recently. I thank myself because I had begun this journey a couple of months back, starting with researching into financial freedom. I was coming close to seeing how everything was working before COVID rudely interrupted. And having not worked for a couple of weeks, made me put more time to research and to finalise one of the e-commerce products I had designed. The bits and peace of what I earned within those couple weeks by simply putting in more work made me want to forever continue this journey to financial freedom.

I will be sharing how I am re-establishing my emergency fund saving, the best amount to have based on personal situations, where I am investing, and my other stream of income besides my professional healthcare job.

I know I am not the only one in this boat. I would love to hear your story. How well were you prepared for this unprecedented time?

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