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Why saving for a rainy day is sensible.
Today you might be doing well, everything is going great and there's no clouds in the sky or gloom on the horizon. Except for people who live in the land of dreams. It never stays like this.
My story of the ups and downs I faced, might help.
In late 1975 my wife and I opened our own business, dress making. She was a machinist, I'm a pattern maker, designer and cutter. For two years it grew at a good rate. 1977 we had a huge client who was buying nearly all we produced. And building credit. When he disappeared we went as close to bankruptcy as one can get without going bankrupt. I returned to porn and rescued us.
Porn side built up, I got a great job selling and income rose and rose. Debts paid off, I was back on track. Then came the time when burned out as a salesman and the porn side was making lots of money. 1988 I changed course. Yes I adapted.
All went well until I got hit by the video licensing laws and the video side closed down. It was a lucrative part of the business. I switched to shooting sets. No where near the income of video sales, but got through.
1997 met Eva, came to Czech and you know most of the rest. In 1999 I became very interested in online selling. 2000/1 bought some domains and grew even faster.
2008, with Tubes, demise of mags and our horrendous incidents. We retired. Eve stayed at home until 2011 to look after me. In effect 3 years doing little work.
1977 taught me a very valuable lesson. And one I have been thankful of even today. You need a nest egg to fall back on. It's great to spend money. So make sure you always have some put aside to spend, just in case the shit hits the fan. Odds are it will.
All those changes, except 1977, were possible because I had a nest egg to fall back on.
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