No. of Recommendations: 3
It still is, the difference is, you have to be able to save and not have anything catastrophic happen to you.
Which is why one plans ahead.
Life is such that not every catastrophe can be planned for. For instance, you have car, health, and house insurance A sinkhole opens up and swallows most of your house and car. You had a mortgage. You discover the sinkhole coverage on your house is limited or non-existent. The car coverage is less than you thought, and your mortgage insurance co. gloms onto your car insurance, and your savings. You have to pay higher for transportation and your credit is ruined.
So even though a thousand other people had the same house insurance, you were the lucky one.
