Why Emergency Funds Don't Work
It's Not About The Money
English - May 10, 2021 05:00 - 10 minutes - 9.49 MB - ★★★★★ - 4 ratingsInvesting Business Entrepreneurship debt habits investing saving budgeting divorce entrepreneurs financialabuse financialcoaching money Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In this week’s episode we are looking at emergency funds and why I don’t believe emergency funds work for people. The phrases “emergency fund” and “rainy day fund” historically have a very negative attachment that can leave people struggling to spend it even when they need to.
We are going to explore what you should be setting up instead.
In this episode:
What does the phrase “emergency fund” actually mean Setting up pots and giving every pound a purpose Every decision we make is driven by pain or pleasure Why motivation towards pleasure is more sustainable than coming away from pain Creating a positive connection to money with the language that we useResources:
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