Walking the Millionaire's Path: A couple more thoughts on emergency funds

By SuccessWarrior - About Me - E-mail this page - Add to My Favorites - Add to Blog List - See other blogs in Self-Help


Our Path

My wife and I are on a path toward financial freedom which will inevitably lead to us becoming millionaires.

We are following a simple plan which we have devised for ourselves after doing research on the subject. We believe that simple plans provide the best chance of success. Simple does not mean easy.

Our Plan

1. Know where you are and where your money is going.
2. Spend less money.
3. Make more money.
4. Use the difference to pay off debts and invest.
5. Keep doing it.

Monday, March 12, 2007

A couple more thoughts on emergency funds

I suppose that the 3 to 6 months of savings in case you lose your job is a good idea but here are a couple of things to consider. The reason you need 3 to 6 months of savings is not because you won't be able to find another job before then. It's because it might take you that long to find one that... Sign in to see full entry.

Posted by: SuccessWarrior at 8:24 AM Your Two Cents (2) (permalink)

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