Create An Emergency Fund, Step 6, Investing Can Be Easy - 10 Step Guide Ebook, ep. 409
Create An Emergency Fund, Step 6, Investing Can Be Easy - 10 Step Guide Ebook, ep. 409
Today I talk about how to Create An Emergency Fund, Step 6, Investing Can Be Easy - 10 Step Guide Ebook, ep. 409
"Hey there!
"I am so Excited to share how to Create An Emergency Fund, Step 6, Investing Can Be Easy - 10 Step Guide Ebook, ep. 409!"
Today Is all about how you should always be building up your emergency fund, no matter what the current situation is.
Unexpected events can occur at any time!!!
We will also talk about how paying yourself first can have a huge ROI (RETURN ON YOUR INVESTMENT) for your future.
This is going to be a great episode!
Hope you enjoy!
IF YOU HAVE LIVE PAYCHECK-TO-PAYCHECK, YOUR FIRST SAVINGS GOAL SHOULD
BE TO CREATE A SAFETY NET. YOU CAN DO THAT BY CREATING AN EMERGENCY
FUND.
YOUR FIRST GOAL SHOULD BE TO ACCUMULATE A SUFFICIENT AMOUNT OF CASH
TO COVER 30 DAYS OF LIVING EXPENSES.
ONCE THAT'S ACHIEVED, YOU SHOULD
ADD ANOTHER 30 DAYS OF LIVING EXPENSES.
THE ACCOUNT SHOULD HAVE
BETWEEN THREE TO SIX MONTHS OF LIVING EXPENSES IF YOU'RE A SALARIED
EMPLOYEE, AND BETWEEN SIX AND TWELVE MONTHS IF YOU ARE SELF-EMPLOYED.
LIFE IS FULL OF SURPRISES, AND IT WILL BE A GOOD IDEA TO HAVE A STASH OF
CASH IN CASE OF AN EMERGENCY.
EMERGENCIES LIKE GETTING LAID OFF, THE
CAR BREAKING DOWN, OR YOUR CHILD NEEDING URGENT MEDICAL TREATMENT,
OR JUST GOOD FOR UNEXPECTED BILLS.
THE NEED FOR AN EMERGENCY FUND IS EXTREMELY IMPORTANT BECAUSE PEOPLE
GET SICK OF WORKING FOR TYRANT BOSSES, AND WANT THE FINANCIAL
FLEXIBILITY TO WALK OUT THE DOOR WHEN THEY CAN’T STAND THE FRUSTRATION
ANYMORE.
NO EMERGENCY FUND - NO WALKING OUT. THAT SIMPLE.
"78% OF AMERICAN LIVE PAYCHECK TO PAYCHECK! ARE YOU ONE OF THEM?" - Johnny Encinias
Create An Emergency Fund, Step 6, Investing Can Be Easy - 10 Step Guide Ebook, ep. 409
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