Are You Keeping Your Money in the Wrong Place? | UM Ep. 17
From Understanding Money · 00:18:07
Show by Martin Kotze and Ruan Lubbe
Your emergency fund and your long-term investments both feel like “savings”, but they do completely different jobs. And if you put them in the same place, a short-term emergency can turn a temporary market dip into a permanent loss.In this episode we unpack where your emergency fund should actually be kept, why cash makes sense for it, and why your long-term money needs room to grow. We also look at splitting your money into buckets, how much of an emergency fund you might need, and why the real goal is financial peace, not the highest return on every rand. If you’ve ever wondered whether your emergency fund should be invested, this one’s for you.In this episode:00:00 Teaser00:38 Intro01:55 Call to action02:50 Is an emergency fund an investment?03:21 The emergency fund has one job04:38 Why is cash necessary?06:06 When you shouldn’t be selling your investments07:08 What is a cash investment?08:53 Putting it in different buckets12:00 The goal is financial peace13:15 How much should you have?15:19 The big takeaway17:04 Get a pro on your sideGot a money question you want us to tackle on the show? Send it to [email protected], we’d love to hear from you.Find all our episodes and links here: https://linktr.ee/understanding_money#UnderstandingMoney #FinancialFreedom #EmergencyFund
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