“Always keep enough cash on hand to take advantage of opportunities.”
— Jim Cramer
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Simplified Meaning:
It's smart to have some money saved up that you can easily use when a good chance comes along. For example, imagine a local store suddenly having a big sale on something you really need, like a new phone or a computer. If you have some cash set aside, you can quickly buy that item at the lower price, saving money in the long run. This idea is not just about shopping; it can also apply to bigger opportunities, like investing in a new business or taking a last-minute trip. Having extra cash available gives you the freedom to act quickly and benefit from these chances without stress. So, by saving some money and not spending everything you earn, you can be ready to grab good opportunities when they pop up.
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