An emergency fund is a crucial financial safety net that should be in place before you begin investing. It consists of easily accessible savings set aside to cover unexpected expenses or income loss, such as:

Medical emergencies.
Job loss.
Urgent home or car repairs.

Why an Emergency Fund is Important:

Protects Your Investments: Without an emergency fund, you might be forced to sell investments during a market downturn to cover urgent expenses. This could lead to losses if you need to sell at an unfavorable time.
Financial Stability: Knowing you have a safety cushion allows you to invest with more confidence, focusing on long-term growth w...