2167: Should Cash Be Part of Your Emergency Fund? By Honey Smith

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 12 January 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Honey Smith with Get Rich Slowly talks about whether or not cash should be part of your emergency fund Episode 2167: Should Cash Be Part of Your Emergency Fund? By Honey Smith J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/should-cash-be-part-of-your-emergency-fund/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.5	This episode is brought to you by London Business School.
0:03.6	Looking to accelerate your business or understand the opportunities in AI or ESG,
0:08.7	are you thinking about taking the plunge into entrepreneurship,
0:11.6	or about what leadership skills will take you to the next level?
0:14.8	To listen to the latest insights and discussion from LBS faculty,
0:18.5	subject experts and industry insiders, look for podcasts from London Business School.
0:23.6	Navigate the now and be prepared for what's next with London Business School.
0:30.2	This is Optimal Finance Daily Episode 2167.
0:34.5	Should cash be part of your emergency fund by honey smith with getrichslowly.org
0:40.8	and arm your host and personal finance enthusiast Diana Mariam.
0:45.2	Let's jump right into our next post as we optimize your life.
0:53.6	Should cash be part of your emergency fund by honey smith with getrichslowly.org
1:00.6	When I was in college, one of my co-workers at my part time on campus job
1:05.2	gave me a funny little gift that I used to this day. What was it?
1:09.7	It's called a wallet fairy. You put it in your wallet and you'll never be out of money when
1:14.8	you need it. I can't honestly say that the magic has been foolproof. I believe I've
1:20.0	mentioned on a couple of occasions the time I didn't wash my hair for a month because I couldn't
1:24.7	afford shampoo. And I distinctly remember crying after going to the grocery store on a couple
1:30.3	of occasions because I didn't know how I was going to pay my bills after buying food.
1:35.1	But I guess if the magic were foolproof, this fool wouldn't have learned her lesson and started
1:40.0	digging her way out of debt, right? But you know what? National Preparedness Month,
1:45.3	also known as September, maybe over. But it's also a good idea to consider your plans if
	...

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