3038: 4 Emergency Funds You Need Not Including The Traditional Emergency Fund by Christina Browning of Our Rich Journey

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 12 February 2025

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3038: Having a traditional emergency fund is essential, but Christina Browning highlights four alternative funds that provide extra financial security in unexpected situations. From keeping a stash of cash for immediate needs to maintaining a backup account at a local bank, she explains why diversifying your emergency funds is just as important as saving for the future. Whether it's utilizing credit cards strategically or ensuring you have a reliable person to turn to, these practical tips help you stay prepared for any financial crisis. Read along with the original article(s) here: https://www.ourrichjourney.com/post/four-emergency-funds-you-need-not-including-the-traditional-emergency-fund Quotes to ponder: "A stash of cash that is greater than the amount you can withdraw from an ATM is vital if you need a large amount of money immediately in an emergency situation." "Having one card of all three means you know at least one will be accepted when you need to spend or withdraw that money." "The idea that you’re totally on your own can be anxiety-provoking regardless of how financially responsible you are." Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:12.7	Four emergency funds you need, not including the traditional emergency fund, by Christina
1:18.6	Browning of Our Rich Journey.com.
1:22.0	When most people think of emergency funds, it's usually one single pot of money that's
1:27.3	kept aside in case of an
1:28.9	unexpected crisis or emergency. Maybe you keep it in a CD ladder, a money market account, or in an
1:35.3	online high interest savings account. But that's not the type of emergency fund I want to talk about.
1:41.3	I want to talk about the non-traditional emergency fund, the one you store
1:45.6	non-traditionally. So I'm going to share exactly what those funds are so you can have extra
1:51.1	protection while pursuing financial independence. But first, let's dig a little deeper into the
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