Why $1000 Isn’t Enough! - HopeFilled Footstep #1 - Ep. #58

You are getting out of debt, but something goes wrong. Dave Ramsey's Baby Step #1 is to save $1000 before paying off debt. Is this enough? The Money Guy FOO #1 is to save up your insurance detectable for starters. Is that too much?

00:00 - Roadmap/Intro
00:35 - My Engine Mount Fallout
07:22 - YOUR Starter Emergency Fund - HopeFilled Footstep #1

Today's story describes how 3 major unplanned financial "emergencies" popped up all at the same time - leading Jay to delay fixing a collapsed engine mount for over a year! Was this safe? Was this wise? Was this frugal?

The main topic walks through HopeFilled Footstep #1: YOUR Starter Emergency Fund. How much do you need in your starter emergency fund? Where should you keep that money? What is the number 1 key to saving up your emergency fund? All these questions and more will be answered to help you take a step in the right direction for your HopeFilled Financial Future.

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Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.

Our Website: HopeFilledFinancial.com

Music: "Take Me Higher" by Jahzzar

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