The Need For An Emergency Fund

Today’s economic conditions from Covid-19 have left businesses and individuals struggling to sustain themselves financially. However, those who have built emergency funds prior to the economic downturn have seen a growth of opportunity and a peace of mind. 

In today’s Motivational Monday Episode, I discuss the importance of an Emergency Fund. I look at the devastating impact around the world for business and personal economies that had based their existence around the idea of future cash flow. I talk about why the mindset of "future cash flow" cannot sustain during a time of economic downturn. I discuss why emergency funds and the mindset of building emergency funds can bring both growth for opportunity in the future and why it also brings a peace of mind both for business and personal sustainability.  

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