E137: Do You Need an Emergency Fund or is there Something Much Better?

E137: Do You Need an Emergency Fund or is there Something Much Better?

In this episode, we discussed the question, “do I really need an emergency fund?” Not only do we get questions on this topic, but we also find out that there are still some misconceptions having to do with this ingrained bank account mentality in all of us. So we dive into emergency funds and ways that money might actually be put to more productive and protective uses.

Topics Discussed:

• What does an emergency fund really cost?
• How many months worth of expenses should an emergency fund cover?
• Is a bank really the best place to hold your fund?
• The most expensive money in a bank
• How to use Whole Life instead of a bank
• Illustrating the gains from using IBC for emergencies
• Why policy payments are really deposits in your own bank

Episode Resources:

• Gain access to our Secret Banking Masterclass now FREE to listeners of the podcast here now
• What is Infinite Banking
• Who was Nelson Nash?
• CREDIT: Episode art background photo by Konstantin Evdokimov