Timothy Sumer

If liquidity is your main concern, you must maintain your emergency fund in cash. However, inflation can eat up your emergency fund, and you could keep a sizable portion of your emergency fund in bank FDs and liquid funds. You must avoid stocks and equity funds as they are volatile in the short run. Moreover, do not pick investments that have a lock-in period. Do not chase returns with your emergency fund. Focus on investments that protect your capital and offer decent returns. Download the BLACK app by ClearTax: To learn the 5 things to know before you invest, click here- To understand the best liquid funds in 2022, click here- To find out why you need an emergency fund, click here- Timestamps: 00:00 Introduction 00:40 How to build an emergency fund? 02:52 Should you invest your emergency fund in stocks? 04:51 Should you invest your emergency fund due to inflation? 06:58 Conclusion 💰 Subscribe to grow your wealth: Watch next – How Much of Your Salary Should Yo

I'm Aja Dang and it has happened - I have a FULLY FUNDED EMERGENCY FUND AND I FINALLY FEEL FREEEE!!!!! I started building my emergency fund in January (after becoming debt free) and have since saved up $35,000 to complete my emergency fund. I originally anticipated saving up $40,000 (including a $10,000 EF for my two dogs and including my boyfriends half of bills... just in case) but after saving up $35k and realizing how much more I could cut out after the coronavirus hit, I decided $35,000 was enough for me. I'm so happy, the feeling is much different than how I felt when I paid off all my debt. This is a true freedom and I *know* I'll never be in the same financial position I was in two years ago. And it couldn't have come at a better time. • VIDEO MENTIONS • EMPOWER: Download Empower in the App Store or Play Store and get $5 when you reach your savings goal.- To be eligible to receive the $5 bonus, (a) you must have used my referral link (b) you must