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Podcast: Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Episode: Ep10: Financial Baby Step 7 - Building a Three to Six Month Emergency Fund
Description: Special thanks to our Title Sponsor, MedicalExpertWitness.com – helping you build your medical expert witness agency. —---- The episode covers Baby Step 7 in the financial journey. It starts with a recap of the previous steps, which include protecting loved ones through insurance and estate planning, saving up a starter emergency fund, investing, paying off debt, and maxing out retirement accounts. Baby Step 7 is to save up a three to six month emergency fund, which is crucial for doctors who may need to leave their job or relocate. The emergency fund should cover fixed and variable expen...