400: Why You Need to Start Building an Emergency Fund Now by Philip Taylor of PT Money

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Self-improvement, Education, Business

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🗓️ 8 September 2017

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Philip Taylor of PT Money shares how and why to build an emergency fund right now. Episode 400: Why You Need to Start Building an Emergency Fund Now by Philip Taylor of PT Money (Can I Retire). PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/emergency-funds Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:23.9	Engineered to do it all. That's a laptop evolved with Intel Evo Platform.
0:27.8	This is optimal finance, episode 400.
0:33.6	Why you need to start building an emergency fund now
0:36.6	by Philip Taylor of PT money.com.
0:39.4	And I'm your host and narrator Dan.
0:41.0	Welcome to the 400th episode of optimal finance daily.
0:45.2	We are here each Monday through Friday reading to you from some of the best personal finance
0:49.0	blogs on the planet.
0:51.0	For now, let's get right to our post as we optimize your life.
0:55.0	Why you need to start building an emergency fund now by Philip Taylor of PT money.com.
1:06.2	I write a lot about the emergency fund or rainy day fund on PT money.
1:10.1	It just occurred to me that I hadn't actually written a post on starting one.
1:13.6	I did detail how we put our savings in a high interest savings account.
1:17.2	However, that post could easily be titled,
1:19.2	Open up your emergency fund in a high interest savings account,
1:22.2	because besides our property tax savings,
1:24.3	those savings are essentially an emergency fund. But strictly speaking of
	...

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