7 Benefits of an Emergency Fund – Episode 240

We talk about the 7 benefits of having an emergency fund. Some of these benefits are things you may have never thought about. We also share the different strategies to follow if you’re self-employed vs a salary employee.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at we*****@Pr****************.com and we may answer it in an upcoming episode.

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Show Notes

  • 1:15 – Why most people skip over the emergency / opportunity fund
  • 2:05 – Opportunities present themselves more often when we’re in a position to take advantage of them
  • 4:55 – Health benefits from an emergency fund
  • 6:51 – Fun travel and unexpected travel
  • 8:21 – How Kim took advantage of an education opportunity
  • 10:19 – Opportunities that create cash flow
  • 14:16 – When and how you should start your emergency / opportunity fund

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