1547: Reserves Reserves Reserves by Chris Odegard of The Prolific Investor on Emergency Funds

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 4 June 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Odegard of The Prolific Investor talks about the importance of emergency funds. Episode 1547: Reserves Reserves Reserves by Chris Odegard of The Prolific Investor on Emergency Funds Chris writes an alternative investment blog called The Prolific Investor. Chris wants you to challenge conventional wisdom when it comes to investing, personal finance, and money; so you can make work a choice instead of a necessity. The original post is located here: https://theprolificinvestor.net/23-reserves-reserves-reserves/ Stream live TV from over 100 channels that you love, contract free. Go to fubotv.com/optimal for 15% off your first month and a free trial. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1547.
0:04.3	Reserves, Reserves, Reserves by Chris Oda Gard of the prolificinvestor.net.
0:10.5	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.8	This is the show where I narrate posts from a wide variety of personal finance blogs.
0:19.8	We cover so much on the show from saving to investing to debt reduction and more.
0:25.0	Do you have a question you'd like answered here on the show?
0:27.7	Go ahead and send it over to Finance at OLDPodcast.com and you will hear from me soon.
0:33.4	Even if your question isn't answered on a Q&A episode, I do my very best to answer every email.
0:39.1	And now let's get right to today's post as we optimize your life.
0:47.1	Reserves, Reserves, Reserves by Chris Oda Gard of the prolificinvestor.net.
0:54.1	Today's topic is Reserves, Reserves, Reserves.
0:58.1	Before I get started, I hope everyone is safe and making the best of this COVID-19 pandemic.
1:04.1	I'm here in Washington State, saying pretty close to home and keeping up with the latest science on the virus
1:10.1	and its implications as well as taking care of some long overdue home, car, and motorcycle projects.
1:16.1	One of my favorite authors, Robert Kiyosaki, says that we don't learn from our successes.
1:21.6	We learn from our mistakes and failures.
1:24.1	The negative emotions that result from our mistakes and failures lock them into our memory.
1:29.1	All of us can probably think of a difficult time in our personal or business life
1:33.1	and remember saying, I'll never let that happen again.
1:36.6	The pain and discomfort associated with mistakes and failures
1:39.6	calls us to change the way we do things in the future so that we never have to go through that experience again.
1:45.1	It's the old avoidance of pain principle.
	...

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