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The recommended amount for an emergency fund from people with a financial background is normally 3 to 6 months. That's 3 to 6 months of a decent amount of cash just sitting around when I want that money working for me. So today we're talking about 3 alternatives to the traditional cash emergency fund that get's an exponentially higher return and BEATS inflation. Check out Coinbase - http://coinbase.com/join/calcan_zz?src=ios-link Check out BlockFi - https://blockfi.com/?ref=2d8eea88 Emergency fund definition https://www.investopedia.com/terms/e/emergency_fund.asp
S&P 500 return https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp
Stock market return https://www.nerdwallet.com/article/investing/average-stock-market-return Don't forget to "Like" this video and "Subscribe" to our channel. If you want to watch it check it out - https://youtu.be/7OATOk19xts Get Connected: Site - https://www.joshcalcanis.com Facebook - https://www.facebook.com/joshctv Instagram - https://www.instagram.com/joshcalcanis/ LinkedIn - https://www.linkedin.com/in/joshcalcanis/ Get your copy of my book "What This Means To You" - https://www.amazon.com/What-This-Means-You-Millennials/dp/0993799698 Time Stamps 00:00 - Intro 00:35 - What is an emergency fund 01:28 - Why I this the topic? 02:24 - First place I put my money - HYSA 02:39 - What I mean by budgeting 04:17 - Pros and Cons of an HYSA 07:22 - Second alternative 08:46 - Pros and Cons of the market 10:17- Third alternative - Crypto 11:15 - Pros and Cons of digital assets *None of this is meant to be construed as investment advice. I am not a financial advisor. You should not treat any opinion expressed on this YouTube channel as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Opinions expressed are based upon information considered reliable, but this YouTube channel does not warrant its completeness or accuracy, and it should not be relied upon as such. This YouTube channel is not under any obligation to update or correct any information provided in these videos or their descriptions. Statements and opinions are subject to change without notice. Past performance is not indicative of future results. This YouTube channel does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this YouTube channel. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested or lose more than their original investment. Investments or strategies mentioned on this YouTube channel may not be suitable for you. This material does not consider your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this YouTube channel. Before acting on information on this YouTube channel, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor. #emergencyfundalternatives #thinkoutsidethebox #FIRE --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app