In this episode, we discuss the myth that everyone should have three to six months' worth of expenses in their emergency fund.

We argue that this advice is overly generic and fails to consider individual circumstances and lifestyles. We emphasize the importance of understanding your expenses and income over a prolonged period of time and tailoring the emergency fund accordingly.

We also explore different tools and strategies for accessing cash in case of emergencies, such as credit cards, loans, home equity lines of credit, investment accounts, and retirement accounts. As we bring the episode to a close we highlight the benefits of having a plan and understanding the various options available.

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Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.comDitch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.

You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia

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