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Episode notes
Separate Savings and Investing
- Bryce separates savings and investing accounts.
- This makes it psychologically easier to invest without fearing loss of essential savings.
Emergency Fund
- Save three months of living expenses in an emergency fund.
- This provides a safety net if you lose your job or experience financial difficulties.
Emergency Fund in Cash
- Keep your emergency fund in cash, even in a low-interest environment.
- This ensures its availability when needed, despite market fluctuations.