Welcome to another exciting episode of the Building Your Money Machine Show. Today's episode is absolutely crucial if the thought of a medical bill, job loss, or major car repair sends a wave of panic through you. We’re talking about building and managing your emergency fund using my F.U.N.D. method—because life happens and you need to be prepared for it.
Ever wondered how much is enough for an emergency fund? Or what expenses should it cover? I’ll be answering these questions and more. Plus, I’ll share actionable tips on how you can start nurturing your fund right now, including jumpstarting it with a comfort fund and automating your savings.
By following this framework, you’re not just saving money; you’re securing your financial future and giving yourself the freedom to pursue your goals without the constant worry of financial ruin from unexpected events.
IN TODAY’S EPISODE, I DISCUSS:
- Why an emergency fund is essential for your financial stability
- The emotional and financial benefits of having a peace of mind fund
- A detailed walkthrough of my F.U.N.D. framework
- How to calculate your ideal emergency fund based on your unique circumstances
- Actionable steps to jumpstart and automate your emergency savings
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
- Why Smart People Are Not Always Rich
- Why The F.I.R.E Movement Is A Pipe-dream
- How To Budget And Safe Without Feeling Trapped
- How To Build And Preserve Wealth During A Recession
- Do You Have To Be RUTHLESS To Get Rich?
- Why I No Longer Use Banks (as a Millionaire)
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A
- Why The F.I.R.E Movement Is A Pipe-dream: https://youtu.be/ynXhohQvMYk
- How To Budget & Save WITHOUT Feeling Trapped: https://youtu.be/979xsNd6P-4
- How To Build And Preserve Wealth During a Recession: https://youtu.be/rF6gq3ApdRc
- Do You Have To Be RUTHLESS To Get Rich?: https://youtu.be/MF19BtrrcN0
- Alarming Financial Habits That Will Surprise You: https://youtu.be/SHTg-TA27s4
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
