When Clouds Gather – Preparing for Emergencies
If you’ve spent much time on this site or asked me any questions about handling money you know that I always go back to the [intlink id="37" type="page"]Financial Blueprint[/intlink]. It’s such a powerful framework to help you make smart decisions with your priorities. Well there’s one time when you should take a step back from whatever blueprint step you’re working on and focus on something else – when there’s trouble on the horizon.
Where to Keep Your Emergency Fund
When it comes to maintaining an emergency fund there’s often one major mistake people make – where to keep it. Often people co-mingle their emergency savings with their regular savings. Worse yet, many of us invest the funds to make a little money on the side. A misplaced emergency fund is certainly better then no emergency fund at all, but doing it right will pay huge dividends (especially if you’re married).
Are You a Slave to Money?
If I described someone as “a slave to money” what would you think of them? Would you imagine someone toiling endlessly in the hot sun to put food on their table? Or perhaps the stingy guy in the corner office who ruined your weekend so Lumberg’s stock would go up one quarter of a percent? [...]
Emergency Fund in Action!
Having a financial plan is powerful. I’m not just talking about having a general notion of what you’re aiming for, but rather a specific written down plan of attack. Last week life came to visit the Bradleys to the tune of $7,000. Was it fun? Or course not! But as much as my stomach sank when I heard the total I was quickly reminded of how thankful I am we prepared for this day.
Top 4 Characteristics of People with an Emergency Fund
This likely isn’t the first time you’ve heard it, but you need an emergency fund of 3-6 months of expenses. It’s pretty simple really: Cash, set aside in a separate account (money market or savings) that you never touch except for emergencies. This simple concept will have a huge impact on your financial future though! [...]
Ditch Debt, Build Wealth
Welcome!
Hi I'm Deacon Bradley, the founder of Bedrock Coaching. I started this because of the incredible life change I discovered when I decided to ditch debt and live debt free!Bedrock Coaching teaches sound, fundamental personal finance methods that cause you to win every time. I'm committed to helping people achieve a life of financial freedom and teaching people about how money really works.
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