The next steps after building emergency savings include paying off high interest debt and investing in retirement. However, people often overlook paying off high interest debt and don't realize the impact it can have on their finances.
The pressure of a crisis forces you to rethink and reset, leading to positive changes such as getting out of debt and building an emergency fund. Being financially prepared also allows one to take advantage of opportunities during downturns such as buying real estate when prices are low.
The Tiger Fund raised a new $12 billion fund which has resulted in a lot of liquidity leaving the system while the liquidity that remains is waiting for opportunities in times of distress. The ecosystem is in the beginning stages of a process that will take some time to work its way through.
The value of a business is constantly changing, but what truly matters is when you decide to sell. Ignoring fluctuations in valuation is important to make a decision based on business value rather than a panic sell-off.
The Federal Reserve Bank raising interest rates is a better indicator of the housing market outlook. If interest rates keep going up, mortgage rates will increase and buying a home will be more expensive.