enough savings to last a few months [IF] i sell my motorbike [emphasis mine]
This is a scary scenario. If you are starting out with no revenue, a few months can come and go very quickly. I like to set a runway of 1 year of income for myself. That being said, I peg my income to the bare minimum I need my family to survive on. Everything after that is just profit and is saved.
Anything can happen in 3 months that will cost you a lot of unplanned money. It's really only one season in a year, and things change so quickly nowadays that you can't possibly prepare for every bad event.
If you need to sell your motorbike in order to give yourself some extra savings to live on, that's even worse. Get yourself some more money so that you don't have to consider cutting into flesh just to trim fat.
This is a scary scenario. If you are starting out with no revenue, a few months can come and go very quickly. I like to set a runway of 1 year of income for myself. That being said, I peg my income to the bare minimum I need my family to survive on. Everything after that is just profit and is saved.
Anything can happen in 3 months that will cost you a lot of unplanned money. It's really only one season in a year, and things change so quickly nowadays that you can't possibly prepare for every bad event.
If you need to sell your motorbike in order to give yourself some extra savings to live on, that's even worse. Get yourself some more money so that you don't have to consider cutting into flesh just to trim fat.