Emergency funds are not the flashiest part of financial planning, but one thing’s for sure: they’re arguably the most important pieces of personal finance. In this episode, I’m revisiting why. Today, I will talk about how to determine the right amount of cash reserves based on your income, expenses, and career situation, and why your emergency fund should evolve as your net worth grows.
From freelancers to business owners to full-time employees, you’ll get practical advice to make sure your emergency fund actually works when you need it most. Plus, we’ll talk automation, online savings accounts, and even how to make your cash reserves work for you.
Mastering these simple concepts will help you immensely…never ignore the boring stuff because it’s the boring stuff that will eventually save you.
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision.
Christopher Panagiotu is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC.
The people and companies mentioned in this presentation are not affiliated with or endorsed by LPL Financial or CAPitalize Your Finances. LPL ART-634876 (11/24)