189: Ask Farnoosh, What type of account we should have an emergency fund in?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 19 July 2015

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

I wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh. On today's episode, I answer your biggest questions about, what to do with a raise, starting a "mastermind group," how much to have in an emergency fund, and prepping for an impending layoff. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 189, Ask Farnush.
0:04.0	You're listening to So Money, with award-winning Money Guru Farnush-Torabi.
0:09.0	Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place. Save on gas or double your double coupons?
0:22.6	Sorry, you're in the wrong place.
0:24.6	Seeking profound ways to live a richer, happier life.
0:28.1	Welcome to So Money. Hey everyone, welcome back to So Money Sunday edition. It's Ask Farnoosh time.
0:37.0	Glad to have you here joining me. Hope you're having a wonderful weekend.
0:41.0	By the way, if you are a millionaire next door type of person or know someone who is kind of like a millionaire next door, let me know. email me at Farnush at so many podcast.com. I'm trying to put together a week of millionaires next door and if you're
0:56.0	wondering what's a millionaire next door well if you've read the book and you know kind of
1:00.4	the expression it means someone who is a millionaire, meaning their net worth is technically
1:06.8	$1 million, but you wouldn't really guess it because they're not flashy with their expenses and their money.
1:14.2	They don't live in huge houses.
1:16.4	They don't live in extravagant lifestyles.
1:19.5	They live quality lifestyles.
1:22.1	They have what they need and what they want, but they're, you know, really
1:26.8	conservative about it in some ways, kind of modest.
1:30.5	Certainly not discussing this with neighbors, you know, and the neighbors don't look over there and go,
1:34.6	wow, he got another Lamborghini.
1:36.9	Because you know, I think culturally we think when people are millionaires, we assume that they are a certain profile.
1:44.0	But what studies have shown and research has shown is that true millionaires,
	...

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