Last week, I wrote part 1 of this post which had to do more with the money side of things. In learning to have mental wealth as well as managing money well, an emergency fund is a solid foundation.
I described how to calculate a monthly emergency amount which enables you to use any number of months as the multiplier. Creating a hedge against any number of life’s emergencies is a way of playing offense rather than defense.
It also will allow you to have more resiliency to bounce back from any potential setback.
However, the second part of developing resiliency is the mental aspect.