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Podcast: Be Wealthy & Smart
Episode: Opportunity Cost of an Emergency Fund
Description: Learn what the opportunity cost is for a $1k, $5k and $100k emergency fund. Let's walk through the math of the opportunity cost of a money market account, savings account, and long-term stock market returns. We use ETFs (indexes), not individual stocks. Once you understand wealth building is all about compounding, you won't look at your emergency fund the same way. Are you investing well for financial freedom...or not? If you invest $10,000 per year for retirement, but earn only 2%, after 20 years you'll have $262,692 and after 30 years $431,908. However, if...