In this episode, I discuss why having cash on the sidelines is your best friend, especially in uncertain times. I also share a powerful quote from Morgan Housel that resonates with me: "More than I want big returns, I want to be financially unbreakable." This mindset is key to understanding the true value of an emergency fund. Some highlights from the episode:

The importance of having an emergency fund to avoid selling investments at a loss during market downturns
How much you should keep in your emergency fund based on your personal risk tolerance and life circumstances
Practical steps to determine the right amount for you, whether it's three months, six months, or even up to twelve months of expenses
Where to hold your emergency fund to maximize your returns without sacrificing liquidity

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✅ Financial planning for 30-50 year old entrepreneurs:⁠https://www.allstreetwealth.com⁠

✅ My personal blog & newsletter:⁠https://www.thomaskopelman.com⁠

Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

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