We all know there's a prominent author that gives a "one-size fits all" answer when it comes to the emergency fund. We dare to differ with him! Families are in all different financial situations, amounts of income, with differing levels of emergencies. Telling a family that makes over $100K each year they need $1,000 is one thing. Telling that to a family that makes $35K each year is something totally different. We don't want you to feel defeated out the gate. Thus, we have a different plan.
We share our time-proven strategy for selecting the right emergency fund for your family then walk you through it step-by-step to help you determine the right amount. It's so simple and easy!
Then we break down everything you need to know about the fund. Where do you store it? What qualifies as an emergency to use it? How long should it take to build up your fund? We even break down ideas to help your family come up with the funds fast.
We hope you love our discussion as we walk through this potentially boring topic. Instead of "boring" we hope you love the discussion and the banter as we get through it.
Finally we break down an important step you need to consider when starting and running your side hustle. If you don't follow this step you just might miss out on hundreds - even thousands - of dollars when the tax bill comes!
Don't miss our episode's show notes as we give you all the resources provided in the show with everything we discussed broken down point by point to help you review it later.
TTC 014 Virtual Assistant Side Hustle
TTC 013 Did You Know You Could Make Money Using One of These 16 Ways With Amazon
TTC 012 The Perfect Combination: Earning and Losing at the Same Time
TTC 011 It’s Been Two Years – What Happened?
TTC 010 8 Ways to Set Yourself Up For Automatic Financial Success
TTC 009 We Interviewed Dave Ramsey's Daughter Rachel Cruze and Here's What She Had to Say
TTC 008 5 Proven Ways to Get Your Spouse on Board to Pay Off Debt
TTC 007 6 Ways One Mom Earned an Extra $3500 of Extra Income Per Month
TTC 005 8 Critical Financial Moves to Make Before the End of the Year
TTC 004 Crazy Ideas to Rock Christmas While Staying Out of Debt
TTC 003 Follow-Up on Why People Get in Debt with Special Medical Debt Focus
TTC 002 Why People Get in Debt Part 1
TTC 001 Let's Start at the Beginning
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