Luxury Of Choice

Hi friends,

Whenever I dig into any personal finance material, they would always urge us to start with an emergency fund before we proceed with any investments. Though the reasons for having such a fund will help you feel more secure, I still have some unsettling thoughts about this.

Personally, I think that to save for an emergency fund takes forever, at least for me. At this point of time, my savings rate doesn't really allow me to stash my money fast enough. To think that the suggested emergency fund should be within the vicinity of 6 months of wages or more is too far out of reach for me. Based on my rough calculations, it would take me about two years just to save up about 6 months of wages. And I don't think I could be patient enough for that.

So after thinking about this, I decided to abandon the emergency fund phase and immediately start to invest. This is certainly not the most ideal case but after thinking this through, I am grateful to be able to proceed with this plan because I do have the luxury of choice in this matter. Knowing that I do have this luxury and this luxury won't last forever, I decided to leverage on it and proceed.

In essence, I'm very grateful to have a supportive family that I could lean on should there be any inconvenience that comes my way. At times I do feel like I'm taking advantage (with negative connotation here) of my family but all things considered, the benefits do outweigh the risks. Should things go well, the benefits will undeniable trickle down within my circle of family as well.

After all this, it got me thinking. Having a luxury of choice is the most underrated luxury of all. I've often hear about having the luxury of time and wealth. But luxury of choice also gives you wider options to work with in life. It gives more flexibility and it lessens the barrier to start on something. I'm grateful that I have this and I will leverage it to the best of my ability for now.

What are your luxury of choice? Have you leverage on it? 

Cheers friends.