The Pandemic Was Your Wake-Up Call. Now Do This . . .

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 22 June 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If the country has woken up to anything during the pandemic, it’s the importance of having an emergency fund. So, if you’re feeling the stress of a lack of savings, you’re not alone. The good news is, I’m here to help you get in a stronger financial position. And my dad, financial guru Dave Ramsey, is here to help too! In this episode of The Rachel Cruze Show, you’ll learn: What to do if you have a financial crisis on your hands How to rebuild your emergency fund from my dad, Dave Ramsey How one couple saved $13,000 in just nine months Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programming. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programming you are viewing: — Zander Insurance — Mama Bear Legal Helpful Links: Zander Insurance Mama Bear Legal Start your free trial of a Financial Peace Membership here Join my official Facebook community Get more of Dave Ramsey's money advice: daveramsey.com

Transcript

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0:00.0	I lost my job. I went like almost six months with no income.
0:03.9	I've got a couple on who used their emergency fund to survive the COVID pandemic.
0:08.7	All of those things were leading us in a certain direction because God already knew where
0:12.8	we were going. He already knew what was going to happen.
0:15.3	My dad, Dave Ramsey.
0:16.8	The reason we have an emergency fund is we know emergency's happened. It's probable
0:21.0	but some time in your life you're going to have to tap that thing and that's okay.
0:25.2	Hey, everyone. Welcome to another episode of the Rachel Crucio podcast.
0:31.7	So glad that you're here.
0:33.0	All right. Today's episode we're going to be talking all about emergency funds.
0:37.0	Right. When I said that word, some of you were like, oh, well, that would be nice.
0:41.0	I would love to have an emergency fund right now.
0:42.6	Some of you are thinking, oh, I had one, but thank you, COVID-19.
0:46.6	You took it from me and others of you are thinking, oh, well, I have one in the bank and I'm good
0:51.8	to go, but no matter where you are, today's episode is for you.
0:55.4	So get ready. My dad, Dave Ramsey is back on the show to talk about what a game changer
0:59.8	an emergency fund can be and how to rebuild it if you use it.
1:03.8	And I've got a couple on who used their emergency fund to survive the COVID quarantine.
1:09.0	All right. Let's get into today's episode.
1:13.2	Okay. One in four households in the middle class said that they couldn't pay all of their bills
1:18.1	thanks to COVID-19, which means a lot of people out there did not have an emergency funds.
1:23.9	But listen, even in a time of job loss, a health crisis, and uncertainty, you can have peace
	...

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