222: Emergency Funds 101
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Johnny & Derek go over everything related to the ever important "Emergency Fund". From how to save for it, where to store it, use cases where it saved them and more. It\'s extremely important to have readily accessible funds for emergencies, but many people still don\'t do it! Listen to this episode and get your emergency fund sorted before you need it.
Listen to ILAB 222 on iTunes here or subscribe on your favorite podcast app.
Where we are:
- Johnny FD \\u2013 Greece / IG @johnnyfdj
- Sam Marks \\u2013 Barcelona / IG @imsammarks
- Derek Spartz \\u2013 Venice Beach / IG @DerekRadio
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- Indeed
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Time Stamp:
- 05:55 \\u2013 What\\u2019s the percentage of Americans who can cover a $400 emergency?
- 09:05 \\u2013 First you need to work out how much you need for an emergency fund?
- 12:53 \\u2013 Where do you keep the money?
- 16:16 \\u2013 Don\\u2019t have your money all in one currency
- 20:55 \\u2013 What about saving some money in Bitcoin or other crypto currencies?
- 25:30 \\u2013 Where can we get the best yields in savings accounts?
- 28:17 \\u2013 Should you use emergency funds to cover Debts?
- 29:47 \\u2013 What steps to take to get the emergency fund started?
- \\xa033:41 \\u2013 How Johnny started his Emergency fund
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