Episode Description
Everyone online talks about investing. Almost no one talks about the account that makes investing possible: the emergency fund.
In this "back to basics" episode, Jessica and Brandon explain why a funded emergency fund comes before investing, and the one exception. They cover how much you actually need, where to keep it so inflation does not erode it, and why both a checking account and a brokerage account are the wrong home for it. They also share their own numbers, including the figure Jessica wanted after years in a volatile tech industry.
In this episode:
- Why the emergency fund comes before investing
- How much to save for your situation
- The 5 year rule for saving versus investing
- Where to keep it, and where not to
- The one exception for employer retirement matches
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Money, relationships, and the mindset to master both. Hosted by financial advisor Brandon and his wife Jessica, The Sugar Daddy Podcast breaks down how to build wealth, unpack old money beliefs, and have real conversations...