why you must have an emergency fund
DESCRIPTION
Learn why you must have an emergency fund and how much you should have in it. This is an important financial planning concept that many people are unaware of.TRANSCRIPT
Mullooly Asset Management PodcastJuly 3, 2013
Mullooly Asset Management July 2013
Build a Financial Safety Net
Too many people are operating without one
- Put off that vacation- Put off that big purchase for one more year
Mullooly Asset Management July 2013
Why You Need a Safety Net
You won’t be unprepared for a disaster
Long term illness can still be devastating
A blown transmission doesn’t have to be
Mullooly Asset Management July 2013
How Much Should You Save?
Minimum of 3 months expenses before beginning investment program
Others prefer 6 months expenses
More money in your security net is OK
Not having a security net is NOT OK
Mullooly Asset Management July 2013
Comments on the Article
Max out your IRA
Find out what match (if any) your employer makes to the 401k
Read the “Millionaire Next Door”
Best One:
“Most households give a lot of lip service, and get a lot of drive-thru”
Mullooly Asset Management July 2013
None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management.
This video is NOT a recommendation to buy or sell any of the securities mentioned here.
If you’re relying on a podcast for investment advice, you are likely making a huge mistake.
We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment.
Mullooly Asset Management July 2013
Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management July 2013