))
Financial Myth: You Need Three to Six Months of Emergency Funds Saved
Manage episode 418204146 series 2864884
Content provided by Steve Campbell & Travis Maus, Steve Campbell, and Travis Maus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Campbell & Travis Maus, Steve Campbell, and Travis Maus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Want to get in touch? Send us a text!
In this episode, we discuss the myth that everyone should have three to six months' worth of expenses in their emergency fund.
We argue that this advice is overly generic and fails to consider individual circumstances and lifestyles. We emphasize the importance of understanding your expenses and income over a prolonged period of time and tailoring the emergency fund accordingly.
We also explore different tools and strategies for accessing cash in case of emergencies, such as credit cards, loans, home equity lines of credit, investment accounts, and retirement accounts. As we bring the episode to a close we highlight the benefits of having a plan and understanding the various options available.
________________________________________________________________
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
______________________________________________________________
About Your Co-Hosts:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.
Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.
Chapters
1. Financial Myth: You Need Three to Six Months of Emergency Funds Saved (00:00:00)
2. Emergency Fund Mythbusters Series (00:00:07)
3. Balancing Finances and Emergency Savings (00:10:39)
4. Understanding Investment and Retirement Account Options (00:15:37)
5. Financial Security and Emergency Fund Planning (00:24:22)
6. Promoting NQR Media YouTube Channel (00:29:27)
122 episodes
Share
