ALERT!!! FOUR EMERGENCY FUNDS YOU NEED (Other Than the Traditional Emergency Fund)

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ALERT!!! FOUR EMERGENCY FUNDS YOU NEED (Other Than the Traditional Emergency Fund)

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Our Rich Journey - Alert: Four Emergency Funds You Need (Other Than the Traditional Emergency Fund): When people talk about an emergency fund, they typically talk about it as if it comes from one pot of money for one particular emergency. But, that's generally not how emergencies come about. In this video, we discuss why you need four emergency funds (in addition to the typical/traditional emergency fund) in order to financially protect you in the case of an emergency and to keep you on track towards your journey to financial independence.
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#EmergencyFund
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Пікірлер: 176

@OurRichJourney Жыл бұрын

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@DonteeWeaver 5 жыл бұрын

I need more friends and family that's on their Financial Independence Journey 🙌🏾

@OurRichJourney 5 жыл бұрын

YES! We feel the same way :-)

@knowthyself690 5 жыл бұрын

You ain't never lied. I send these vids to family and friends. I must say, my cousins have seen me doing better financially and they've actually started speaking on their financial plans out-loud and have stopped balling so much.

@natalee6654 5 жыл бұрын

me too!!!

@Bast16711 4 жыл бұрын

Me too

@AfroSenpai 3 жыл бұрын

Hey family, I'm on my journey and documenting everything on my channel. Let's stay in touch (let me know what social media you are on, I'm on almost everything). Peace, blessings, and continued success.

@SamSung-jv3jm 4 жыл бұрын

I just started saving the traditional emergency fund today. I'm going try to save to $3000 by this time next yr. Have to cut out all the luxuries (restaurants and Lyft rides) . Its gonna suck at first but I will survive.

@Nepthu 4 жыл бұрын

How are you doing? Did the stimulus go to your emergency fund?

@SamSung-jv3jm 4 жыл бұрын

@@Nepthu actually half went towards rent and half went to bills.

@OurRichJourney 3 жыл бұрын

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@howtoadultschool 2 жыл бұрын

Great point about having different emergency funds! I'm self employed in the wedding industry and obviously got hit hard with cancellations during the pandemic. Something that I learned from that is that I need a small business emergency fund also that will cover the basics of keeping my business doors open if something goes wrong!

@minimalmillionairemom 5 жыл бұрын

Great advice! We kept too much money, too long in our local bank. Now that we switched, it’s fun to see meaningful interest accumulate.

@OurRichJourney 5 жыл бұрын

Thank you! Congrats on making the switch and picking up the extra interest. I bet that feels good :-)

@ragsmm 4 жыл бұрын

Perfect advice, guys. I’ve had several emergency situations that fell into all four categories. For the last one, I was blessed enough to have family to rely on though I didn’t specifically set it up that way.

@Katbing 5 жыл бұрын

Thank you for laying this out so clearly. Always had a stash of cash and savings in another bank but hadn't thought through all these details. I especially appreciate the "go to people". I have them and you reminded me I need to appreciate them more.

@OurRichJourney 5 жыл бұрын

Thank you so much! Relationships are very important. Especially in times of crises. We have been fortunate enough to help others and others have helped us. We really wanted to mention it because people may not realize the importance. Thank you also for sharing!.

@jimhandler1129 3 жыл бұрын

I like saving emergency funds in different levels: Stash Cash, Bank Savings, On line Savings, but I was hoping you would get into a little more detail about which Vanguard funds that are conservative enough to use as an emergency fund, such as VASIX Life Strategy income. Vanguard money markets offer lower interest rates than my bank savings.

@TheJasonVitug 3 жыл бұрын

Having cash at home is important. There was a time during a natural disaster where access to ATMs were difficult. I do use a 2 fund approach. 1) Rainy day fund at $1000 and 2) 6 months of essential living expenses in high yield savings and cd ladder. Peace of mind is important for me. Thanks for the tips.

@aarti6330 5 жыл бұрын

Another great video from you guys. We as a couple recently went through a big financial crisis and I cannot stress more on the importance of EF. Could you also do a video on types of insurance policies one need to have, especially for a family with kids. Love from Canada

@OurRichJourney 5 жыл бұрын

Thank you for the LOVE! And YES we'll do that video...Thank you for the request :-)

@s.w.5452 4 жыл бұрын

The hardest part of this emergency fund is finding someone you can call when you need help.

@phoenixwiseman4018 4 жыл бұрын

That last one about the person was so unexpected.... aaaawwwww😭😭😭 I need one of those.

@MakeItSo_ST 5 жыл бұрын

I love your videos. Personal finance is one of my favorite topics. Love the sock! I used to do that, too! Now I keep about $250 in every purse and a hidden stash in my car. I’ve had my identity stolen a few times, so I now keep $10k in my safe with my passport (which, I’ve been told, makes me a flight risk if I’m ever arrested and post bail lol), SS card, birth certificate, deeds, etc. And I DO have a Gucci emergency fund! Lol. There’s a pair of loafers I’ve been stalking on consignment and when I find them on sale cheap enough, they’re mine!

@OurRichJourney 5 жыл бұрын

LOL! Love it! You are too funny! Thank you for sharing ;-)

@MariaFlores-dc2uu 5 жыл бұрын

LoL "Stash Of Cash In My Sock" 😂👍

@OurRichJourney 5 жыл бұрын

:-)

@QingyangLi 5 жыл бұрын

These only covers emergencies when you are local. When you are traveling, exceptially when you are traveling aboard, most of these EFs will not be available to you, at all. You can not take your local bank with you, most of times, your credit card or debit card will not work, same goes to the whatever online bank. You probably could not open a local bank there eighter... So, challenge to you: Emergency fund for travel. ;)

@OurRichJourney 5 жыл бұрын

We love your challenge! You raise an excellent point. Challenge accepted ;-)

@blackshadow2582 5 жыл бұрын

Summary 1) cash hidden at home ($1,000) 2) one month living expenses near by home (but not at regular bank we’re you might be tempted to transfer funds for checking account and other expenses) 3) three credit cards , Visa, MasterCard, American Express - should have healthy lines of credit to only use for an emergency like airline tickets. 4) friends or family - have relationships in place that can have your back financially in the event you can not fund yourself. Such as, you get hauled to jail in error. You might need a special friend or family to step up with bail money until the misunderstanding is resolved.

@anthonylaiferrario Жыл бұрын

Really great content. Never heard such a full and mature take on emergency fund strategy

@Naeema311 3 жыл бұрын

I’m curious about how these rules have changed now that you’re overseas. Having a local bank account, for instance, gets harder with exchange rates! Also quick access DJ a US account is not as easy. I live overseas as well and would love to hear about your current emergency fund strategy

@okorolina 4 жыл бұрын

Yessss I was thinking hmm our fam need at least two funds! And now with the current situation, interest yields are lower and lower... What would you recommend on-line?

@kevinbarth4723 5 жыл бұрын

Great video! A very well thought out plan on how to be prepared for an emergency! I have one suggestion about the 3 credit cards. Make sure you charge something to them periodically so that the bank doesn't close the account due to lack of use! That happened to my mom with her backup credit card and she was not pleased!

@OurRichJourney 5 жыл бұрын

Thank you! And great point on charging the cards so that the card companies dont close the cards for inactivity. Thank you for adding to the conversation. :-)

@DennisCNolasco 3 жыл бұрын

Great info guys, haven't seen others recommend multiple types of emergency funds.

@davidcarson7855 4 жыл бұрын

your discussion is one reason I like credit unions since the fees are lower and I have accounts at 2 credit unions

@PenniesNotPerfection 5 жыл бұрын

Great video! Definitely agree you probably need more than just one emergency fund!

@OurRichJourney 5 жыл бұрын

Thank you! Got to have a back up for the back up :-)

@luisaah5707 4 жыл бұрын

This channel is so informative. I have used so many of your advices and my networth grew by £10000 in a year and got rid of my dept, too. Thank you so much. I need to establish the cash emergency.

@kankerdoodleb9149 5 жыл бұрын

Who knew? I'll be opening a local bank account soon...my primary bank has many branch locations, just none in my area...thanks for more great content..

@OurRichJourney 5 жыл бұрын

Thank you! We are so glad you found the info useful :-)

@brianhosier6220 3 жыл бұрын

Some great tips on protecting yourself. I'm going to keep $2k at home just in case.

@OurRichJourney 3 жыл бұрын

Glad you liked the tips! :)

@jimhandler1129 3 жыл бұрын

Hide it in an easy access, hard to find, fireproof place.

@nicolebozeman2647 Жыл бұрын

This makes a lot of sense. Thank you.

@TheOrganizedMoney 5 жыл бұрын

I absolutely love this video!! Another great one! Thank you!

@OurRichJourney 5 жыл бұрын

Thank you so much!

@TheEntrepreneurChannel 5 жыл бұрын

I like how you broke it down for single incomes!

@OurRichJourney 5 жыл бұрын

Thank you!

@ianrobinson4200 4 жыл бұрын

I have around 6 months of living expenses split between 2 different banks. I didn't think about the stash of cash,usually I only have $20 at most in cash. Maybe I'll work on building up a stash of cash...

@ATimeToBe 5 жыл бұрын

Do you open a separate saving account when saving for something specific - a vacation, large ticket purchase, an international move, etc?

@MakeItSo_ST 5 жыл бұрын

ATimeToBe I do. And I set up monthly automatic transfer deposits into those accounts.

@voduah 3 жыл бұрын

You two always cover things that no one else thinks about- love it!

@bhavinshah781 5 жыл бұрын

I liked most of the video but don’t feel so strongly about credit cards. EFs are dependent on usually the situational a person I feel.

@nicoleh8979 3 жыл бұрын

Thank you so much for this video!!! I was trying to wrap my head around the best way to organize my emergency fund and this totally helped me clarify my plan!!! Thank you both so much - God bless and keep up the amazing work !!!

@clubracer6 3 жыл бұрын

Why not a bond index fund for the emergency funds past 1month?

@BucketListTravellers 3 жыл бұрын

Interesting tips 😀 It seems like a lot of these points with friction points are about saving you from yourself. 😅

@nathanielrobinsonjr.9275 4 жыл бұрын

I agree with using an online account for a higher yield!

@davidpires5301 4 жыл бұрын

Just one thing to bear in mind is that most insurance policies for home insurance only cover a small amount of cash. i.e. £400

@Kay-nv1vb 5 жыл бұрын

Thank you for this, it was really helpful. I was definitely thinking about our emergency fund as one lump of money.

@cryptosi3578 5 жыл бұрын

My rule of thumb is 1 year of an EF in a high yield account. Also, I agree with having funds in a local bank and having a "go to" person. As far as money in the house, I typically only keep $100. If I need more than that in a crisis, I'll head to my go to EF person and withdraw funds. 😉 Nice video!

@OurRichJourney 5 жыл бұрын

Thank you :-)

@miserimuslovestarvus6587 5 жыл бұрын

What if it's a shared crisis and your EF person needs money too? :D

@cryptosi3578 5 жыл бұрын

@@miserimuslovestarvus6587 lol. Very unlikely; however, my EF person holds enough cash to cover three month's worth of expenses so there'll be plenty for me.

@miserimuslovestarvus6587 5 жыл бұрын

@@cryptosi3578 l need a friend like that. Haha

@gospeldva 3 жыл бұрын

Please do a video on those banks

@pleaseBELIZEme 4 жыл бұрын

Blue Federal Credit Union has a current savings APY of 4.89%. Have you heard of them? Trying to see how reputable they are. Thnx

@brandonboy09 4 жыл бұрын

jayda london Hey, Queen! I just looked into this. Did you find any details on Blue Federal’s reputation?

@jjceno6813 5 жыл бұрын

Great video as always! Have you guys have or have you thought about creating a step by step course that sort of weaves a lot of your info and tips and guides together?

@OurRichJourney 5 жыл бұрын

Doma Decimator - YES! We have totally thought about it, but haven't gotten around to it yet. If/when we get around to creating a course (or a book!), we want it to be incredible, useful, and to add value to people's lives. With that being said, to do something like that would take quite a bit of time, so we're slowly brainstorming and outlining ideas because we don't want to rush something out that would be mediocre. If only there were more hours in the day! LOL! Thanks for watching! :)

@jamesspitzercashout 5 жыл бұрын

Always good advice! Had the "in the sock" stash when I was young too!..LOL

@OurRichJourney 5 жыл бұрын

Yes! Only thing was that sock money was always a little damp at the end of a long day of bike riding....LOL!

@jamesspitzercashout 5 жыл бұрын

@@OurRichJourney yes, but it still spent the same when it came time for the Slurpee at 7-11

@elizabethcarr5226 5 жыл бұрын

I really appreciate that you mentioned friends and family. And the stash of cash really is the best to have. We went through hurricane Ike and we had to have cash. Thank you!

@OurRichJourney 5 жыл бұрын

Thank you for sharing your experience as well. We hope all was well after the storm.

@katz4me960 3 жыл бұрын

Which online banks do you suggest? I am not familiar with them. Thank you.

@corie4993 5 жыл бұрын

LOL @ the "Emergency sale at Macy's comment." I always have a hard time keeping cash on hand because I tend to spend it faster (this is bad, I know). Thank you all again for another great video.

@OurRichJourney 5 жыл бұрын

Thank you. We have a suggestion for keeping the cash...Try placing the cash in a lock box. The hassle of using a key or combo to open the box may deter you from using the cash :-)

@corie4993 5 жыл бұрын

@@OurRichJourney Thank you. I will take that into consideration 🙂

@sammyalabamy111 5 жыл бұрын

On the credit card, is it the same as a Debit card?

@OurRichJourney 5 жыл бұрын

No. We were referring to credit cards. You can use a debit card but make sure the debit card is connected to an account with a good amount of cash to that it can cover an emergency. Thanks for the question :-)

@leanwats1103 5 жыл бұрын

Love the video you two are the best, very helpful information. How often do you post videos? I don’t want to miss out on any of your videos

@OurRichJourney 5 жыл бұрын

Thank you! We are so glad you are enjoying our videos. We post twice a week. We try to post on Tuesday and Friday. But sometime we'll post more if a topic is hot. You can receive instant notifications of our post if you subscribe and hit the notification bell on our channel page. Thanks for the comment and question.

@LadyR489 5 жыл бұрын

Great content but I don’t think the credit card emergency fund is necessary. I am aware how important it is to have options in regards to access to cash but what’s the traditional emergency fund for? If you want to get a ticket, you can easily transfer those funds to your checking account.. The other 3 are doable but oh well. Different folks different strokes !!

@kevinrehberg8758 Жыл бұрын

My EF is a CD Ladder covering 10 months of benefits/income with a small slush fund and accessible CCs... The bulk of my CD ladder is held 2-3 times longer than the Early Withdrawal penalty...So yes if I do have to access the CDs I do pay a penalty... but because of the age of the CDs they have already earned more than they are penalized for early withdrawal...I mean... sure... but it's an Emergency Fund ... right?... It's not supposed to be used for anything other than emergencies

@janellemarina 2 жыл бұрын

How do you feel about putting your emergency funds into a CD ladder?

@melanieroofe8807 5 жыл бұрын

Love the levels of emergency funds!!!! I am self employed (i have low to moderate income, but my husband has the much higher income and stability in his job) I am a personal trainer and health coach, and i train clients in my home and travel to their homes. It is a roller coaster of income fluctuations over the past 23 years of training. What would be my emergency fund? The one i have in a higher interest online account (which i already have and am building). Instead of the 3 to 6 months, do you think i should aim for 1 year of expenses for myself, as some years i lose over 50% of my income, some years i double or triple income, and in the past i kept getting into terrible debt as i did not have an expense problem, but an income problem. I have so far just about 7 months total of monthly expenses (for myself and my business expenses) saved. I think saving 12 months would help my anxiety of losing income again and having that fund to cover expenses when business is slow. Your thoughts?

@sarahthomas3562 3 жыл бұрын

Amazing information!!! I never thought of some these tips.

@dongshuowu3454 4 жыл бұрын

Most cases friends or family won’t be the one that get you covered.

@31284502 2 жыл бұрын

You guys are a very smart power couple, I really like you guys, and that's why I'm subscribed. So behind on my financial literacy. I've been wanting to transfer a portion of my savings to a high yield online savings account, but I don't know much about them.

@cider380 4 жыл бұрын

Could you clarify why the 6 months emergency fund is better sitting in a bank rather than a taxable brokerage account? Since your brokerage account is already loaded, even a 50% market crash will have more than enough left to cover six months. Sure, no one wants to sell low, but if it's sitting in a bank then it never had a chance to grow in the first place. And being a taxable account means no taxes or penalties from withdrawing from the principal. I have the same question about the 2-3 years living expense fund that you keep in case of a market crash. That's not kept in a bank, is it?

@iamtheclout1912 4 жыл бұрын

Emergency Sale at Macy's 🤣🤣🤣🤣

@scottclarke8522 5 жыл бұрын

Greetings from Canada! Keep up the great work - we are a family of 5, close to FIRE too!

@ellapanda1425 4 жыл бұрын

Fire now hopefully

@angelinamiller3306 4 жыл бұрын

I love U guys!! Thanks for the advices!!

@simplesgood7694 5 жыл бұрын

I really appreciate how you guys explain everything. Is it too private to ask what company or what website you use to actually do your investing?

@OurRichJourney 5 жыл бұрын

Thank you so much. And we actually show what brokerages we us to buy stocks in these to videos: kzfaq.info/get/bejne/mr-qgs-izbyWqnU.html kzfaq.info/get/bejne/mZ2qjZd6rs-Um5c.html Is this what you meant?

@simplesgood7694 5 жыл бұрын

Our Rich Journey Thank you so much. I’m fairly new here and I’m still working my way through all the previous videos. ❤️

@Bob-fu1hn 5 жыл бұрын

Do you use an online bank?

@OurRichJourney 5 жыл бұрын

We use online and local. Online banks like Ally Bank provide great interest rates for your savings in your emergency fund.

@dwalker6868 3 жыл бұрын

Thank you

@OurRichJourney 3 жыл бұрын

❤️

@guitardude0909 5 жыл бұрын

Hey guys here with my questions again!! btw thank you for answering them so promptly.. I was wondering if you use your Vanguard Money Market account as that "Online High Yield Savings" account that you mention? If so which Vanguard Money Market account do you use and why not go with a bank like Ally... I know some vanguard MM accounts charge a fee do you find its worth paying? Im fully setup with vanguard and am wondering if i should hold my savings with vanguard vs opening another account elswhere. Anyways thank you for the help as always..

@CentsibleLivingWithMoneyMom 5 жыл бұрын

Oops I also forgot that I also have a KZfaq savings account at a different bank

@OurRichJourney 5 жыл бұрын

Us too ;-)

@CentsibleLivingWithMoneyMom 5 жыл бұрын

I have not spent any of the money. Love you guys

@javajava8856 4 жыл бұрын

Amex, visa, and MC are CC networks not 'CC companies', although Amex does have issuing and acquiring bank arms. Visa and MC, however, do not issue CCs. Issuing banks such as Citi, Chase, BofA, Wells are examples of banks with issuing arms which issue CCs specific to a given network.

@deeohgi 3 жыл бұрын

Dont get stuck on semantics.

@rhall5610 5 жыл бұрын

Can you do a video about your personal stories and reasons for living in Spain and Japan? I’m really enjoying your videos, but don’t feel like I know much about you. I’m assuming you have a great story to tell given your wisdom and life goals.

@OurRichJourney 5 жыл бұрын

YES! We'll do a video for sure. Thank you for the suggestion. Also, if you haven't seen Christina's law school video, you should check that out to learn a little bit more about us. Here is that video: kzfaq.info/get/bejne/a6ialbt22tOziZc.html And stay tuned for the "About Us" video.....

@SilviaHonores 5 жыл бұрын

Thanks for the video! Super helpful!

@OurRichJourney 5 жыл бұрын

Thank you so much :-)

@Sovnarkom 3 жыл бұрын

Not a fan of hording a stash of cash (as an American). Having spare IDs at your parents house and in a safety deposit should be enough to get situated after having ID cards stolen.

@ingridp4457 5 жыл бұрын

I can’t keep 1000 bucks in the house...I will be too tempted to use it

@OurRichJourney 5 жыл бұрын

LOL! At least you know yourself ;-) But if you can somehow manage not to use it, it will be very helpful when an instant emergency hits.

@pilogiin5010 5 жыл бұрын

having more than one bank account instead of handing on a lof of cash

@OurRichJourney 5 жыл бұрын

YES!

@marasedano1241 5 жыл бұрын

excelent video, as always!

@OurRichJourney 5 жыл бұрын

Thank you so much!

@samanthajwright4839 5 жыл бұрын

Perfect. Very real 👍🏾

@e.castillo7763 5 жыл бұрын

I'm married, but i budget like if I'm single.

@OurRichJourney 5 жыл бұрын

YES! Love it!

@undercover_secret_agent1726 2 жыл бұрын

You guys are so wise, your like parents figures.

@CentsibleLivingWithMoneyMom 5 жыл бұрын

Oh my gosh this video is so much like me our family has a local savings account that would take care of at least one month of expenses and other little things we also have sinking funds for different things and we also have a stash of cash and I also keep extra in the checking just in case also we have a high-yield savings accounts so I'm just trying to really build all of those up right now great video

@OurRichJourney 5 жыл бұрын

Thats awesome! Thank you for sharing!

@Mikalya100 3 жыл бұрын

How much do you recommend to have in credit card limits all together, amongst the 3 credit cards? Or even separately? I only have 1 credit card. Do you suggest getting one of each credit card?; American Express, MasterCard and Visa?

@TheJasonVitug 3 жыл бұрын

Using credit cards as a potential fund source for an emergency really depends on what your basic living expenses are and estimating how much access to credit you’ll need. I find a good rule of thumb is $5,000 limit but it’s important to see about cash advance limits. I found when I needed cash from credit I could only access $1000 which was helpful but less than I needed to pa my for rent. Landlord didn’t accept credit. Really build up your cash cushion!

@kelseybrooks7186 4 жыл бұрын

Good food for thought!

@OurRichJourney 4 жыл бұрын

Thank you so much!

@loveparkes 3 жыл бұрын

Way to make me feel like shit with that last one guys. Thanks for that. Lol

@frameofmind8800 5 жыл бұрын

👍 nice I love the credit card one lol but so true

@OurRichJourney 5 жыл бұрын

Thank you!

@erikaramirez6558 5 жыл бұрын

Great video & explanation!

@artbw3413 5 жыл бұрын

Great financial Ed video 👍

@OurRichJourney 5 жыл бұрын

Thank you!

@blackshadow2582 5 жыл бұрын

Next time, Please summarize in description above.

@OurRichJourney 5 жыл бұрын

@mannaforlife829 5 жыл бұрын

Any suggestions for a high yield online account? I have always banked locally. Thanks for all the informative videos.

@ingridp4457 5 жыл бұрын

mannaforlife google it..just make sure you are looking at a FDIC insured bank (whether it’s an online or regular one)

@houseofhair101 5 жыл бұрын

I just opened one today with PNC. It's online they have a yield of 2.35%

@superslyfoxx1 5 жыл бұрын

Also Capital One 360. It takes three days for the money to be deposited back into your bank account for use but that's where I keep my emergency fund.

@madfox995 4 жыл бұрын

I didn’t even know you could have more than one fund. Great video!

@timothyjohn9412 3 жыл бұрын

I love your channel!

@OurRichJourney 3 жыл бұрын

Thank you so much!

@kellisbulleigh3827 4 жыл бұрын

Another great video!

@olipoo3 4 жыл бұрын

Why is banking so hard in America? It's ridiculous. Why on earth should you have to go into the branch to take money out. Wow?

@juan86don 5 жыл бұрын

All man i enjoy you all videos im subscribed myself i have acorns and robinhood i been investing about almost 2 year. My goal is to live off dividend stocks and invest in sweet some growth stocks. Its really cool you all have your kids are investing. Me im looking to retire in the Philippines myself in maybe 10 years at 42 if i can. Thank you for all you all do have a good day i will be waiting for the next video

@OurRichJourney 5 жыл бұрын

OMG! We love your plan! Thanks for sharing and thank you for the support :-)

@user-dh5ry8wd7m 4 ай бұрын

GIVE ALL AMERICANS $2,000 A MONTH

@miserimuslovestarvus6587 5 жыл бұрын

How can I find a reliable online bank?

@ingridp4457 5 жыл бұрын

yes Google...sorry but adults should be able to find information by themselves instead of having it handed to them...this is like the third time I see a question like this

@miserimuslovestarvus6587 5 жыл бұрын

@@ingridp4457 Thanks for the not very useful comment. I like to look into all venues. That's one of the reasons we are all here anyway. To have some information handed to us from people with more experience. Besides, I'm only twelve, but even as a child, I know the worst of all traits, is the illusion of intelligence and the biggest mistake is not to ask questions for the fear of being judged.

@miserimuslovestarvus6587 5 жыл бұрын

@S A Thank you! :)

@ty.365 5 жыл бұрын

I use Ally it's 2.20% I believe.

@britneythao 2 жыл бұрын

Folks, do not depend on your credit cards as your emergency fund. Use your debit card. Make sure you have emergency loaded in that account. The credit cards will not help you but instead they will give you another crisis to deal with after the crisis you are dealing with.

@cynthiasmith3768 4 жыл бұрын

🤣🤣🤣not a Macy's emergency credit card. I didn't hear this one I was LMBO🤣

@davisamills597 4 жыл бұрын

This is my favorite video on your channel!!! New subbbbbbb :-))

@QuesttoFIRE 5 жыл бұрын

Ewwww sock money🤣😂🤑

@OurRichJourney 5 жыл бұрын

LOL!

@superslyfoxx1 5 жыл бұрын

That sock money for a kid is the same as Grandma bra money!

@ygbodybuilder3023 3 жыл бұрын

I don't know about y'all but I'm in the hood!!! I can't have lots of cash laying around. I'm either going to get robbn a murder charge for someone trying to robb

@kohlee888 5 жыл бұрын

👍🏻

@OurRichJourney 5 жыл бұрын

YEAH!!! Koh!!!!

@Marl-hj8hh 5 жыл бұрын

I like your other videos but family and friends as an emergency fund? I get what your saying but don’t like the reasoning.

@OurRichJourney 5 жыл бұрын

It doesn't work for everyone, but thanks for watching!

@sexcess 3 жыл бұрын

I love keeping my 3-6 months of living expenses with Marcus by Goldman Sachs. I keep $10K in that and plan to develop others: 1. A Debt Service emergency fund in a checking account --> this is for 3-6 months of mortgage & loan payments. 2. A Repair fund --> appliance replacement, car repairs, something that breaks and costs a lot 3. Real Estate Fund --> a money market account that I'm putting money in with the plan to purchase a property at some point (but can write a check from quickly) 4. Family Fund --> for family emergencies.