Why You Must Have an Emergency Fund

130 views

Published on

Learn why you must have an emergency fund and how much you should have in it. This is an important financial planning concept that many people are unaware of.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
130
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Why You Must Have an Emergency Fund

  1. 1. Mullooly Asset Management Podcast July 3, 2013 Mullooly Asset Management July 2013
  2. 2. Build a Financial Safety Net Too many people are operating without one - Put off that vacation - Put off that big purchase for one more year Mullooly Asset Management July 2013
  3. 3. Why You Need a Safety Net You won’t be unprepared for a disaster Long term illness can still be devastating A blown transmission doesn’t have to be Mullooly Asset Management July 2013
  4. 4. How Much Should You Save? Minimum of 3 months expenses before beginning investment program Others prefer 6 months expenses More money in your security net is OK Not having a security net is NOT OK Mullooly Asset Management July 2013
  5. 5. Comments on the Article Max out your IRA Find out what match (if any) your employer makes to the 401k Read the “Millionaire Next Door” Best One: “Most households give a lot of lip service, and get a lot of drive-thru” Mullooly Asset Management July 2013
  6. 6. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management July 2013
  7. 7. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management July 2013

×