“Always keep enough cash on hand to take advantage of opportunities.”
— Jim Cramer
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Simplified Meaning:
It's important to have some money set aside that you can use right away. Imagine you're at a flea market and see a rare comic book you've always wanted at a great price, but it's cash only. If you don't have any cash, you miss out on the deal. Similarly, in real life, opportunities come up unexpectedly. These could be anything from a sudden sale on something you need, to a chance to invest in something valuable. Having cash ready means you can act quickly when these chances arise without having to worry about where to get the money. It’s a smart idea to always have some cash available for such moments.
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