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Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc) available to meet her financial obligations. What financial principle best applies to this​ situation?

A.Waste​ not, want notlong dashsmart spending matters.
B.The time value of money
C.Mind​ games, financial​ personality, and your money
D.Stuff​ happens, the importance of liquidity.

User GrumP
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5 votes

Answer:

The answer is: D) Stuff​ happens, the importance of liquidity.

Step-by-step explanation:

This should be included in everyone´s financial plan. Sometime in our lives things can and will go wrong. We either lose our jobs, have an accident or seriously ill. At that point we may need money fast and if our savings account is not that big, we will probably end up selling some of our assets.

A cost benefit analysis is the best thing to do. Can I afford not having enough money right now or should I sell my condo at the beach? Remember you can always buy the same or similar things in the future, but emergencies are important right now.

User Alan Effrig
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