The Next Dollar Roadmap to Financial Independence - #4: Fully Funded Emergency Fund
Building a fully funded emergency fund is the subject of Milestone 4 on The Next Dollar Roadmap.
Curt explains just how much money you need to fully fund your emergency fund and how things like your job, marital status, and even your home can alter this amount.
Finally, we’ll talk about several great places to store your emergency fund so it’s available when you need it but also generating some interest along the way.
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The Next Dollar Roadmap - • A Step-By-Step Guide to Financial Independ...
Starting Point: Creating A Budget - • The Next Dollar Roadmap to Financial Indep...
Milestone 1: The Uh-Oh Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 2: Take Advantage of Your Employer Match - • The Next Dollar Roadmap to Financial Indep...
Milestone 3: Pay Off Toxic Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 4: Full-Sized Emergency Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 5: Save 15% to 25% in Tax-Advantaged Retirement Accounts - • The Next Dollar Roadmap to Financial Indep...
Milestone 6: Invest for Flexibility - • The Next Dollar Roadmap to Financial Indep...
Milestone 7: Prefund Kid’s Education Needs - • The Next Dollar Roadmap to Financial Indep...
Milestone 8: Pay Off Remaining Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 9: Total Financial Independence - • The Next Dollar Roadmap to Financial Indep...
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00:00 – Start
01:45 – How Much Should You Save
04:17 – Mitigating Emergencies
05:39 – Where to Keep Your Emergency Fund
07:02 – High Yield Savings
07:57 – Money Markets
08:34 – CDs
09:06 – Checking Accounts
09:45 – Wrap Up
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👉 Our Financial Independence Playlist: • Financial Independence
👉 Our 401k Playlist: • 401(k) Accounts
👉 Our HSA Playlist: • Health Savings Accounts
👉 Our IRA Playlist: • IRAs
👉 Our Roth Playlist: • Roth Accounts
👉 Our Investing Playlist: • Investing
👉 Our Tax Efficiency Playlist: • Tax Efficiency
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👉 Our website: https://martinmoney.com/
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Disclaimer: This video is for information and entertainment only. None of the contents should be considered legal, accounting, or other professional advice. You should reach out to a qualified professional before making your own financial decisions.
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