The recommended amount for an emergency fund from people with a financial background is normally 3 to 6 months. That's 3 to 6 months of a decent amount of cash just sitting around when I want that money working for me.
So today we're talking about 3 alternatives to the traditional cash emergency fund that get's an exponentially higher return and BEATS inflation.
Check out Coinbase - http://coinbase.com/join/calcan_zz?src=ios-link
Check out BlockFi - https://blockfi.com/?ref=2d8eea88
Emergency fund definition https://www.investopedia.com/terms/e/emergency_fund.asp
S&P 500 return https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp
Stock market return https://www.nerdwallet.com/article/investing/average-stock-market-return
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Time Stamps
00:00 - Intro
00:35 - What is an emergency fund
01:28 - Why I this the topic?
02:24 - First place I put my money - HYSA
02:39 - What I mean by budgeting
04:17 - Pros and Cons of an HYSA
07:22 - Second alternative
08:46 - Pros and Cons of the market
10:17- Third alternative - Crypto
11:15 - Pros and Cons of digital assets
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#emergencyfundalternatives #thinkoutsidethebox #FIRE
