Where Should I Keep My Emergency Fund?

[@mr.constitution]

KZbin needs to do something about all these scam bots.

[@Sizukun1]

Why? Did they get you? They're boosting Dave's algorithm with comments, and the scammers are dumping resources to a very obvious waste of their time. If you fall for the scam of 30x returns because some bot put a comment in a youtube comments section, Dave would call that a 'stupid tax'.

[@alexm260]

@@Sizukun1Cause they’re annoying and clutter up the comments. Good grief, quit sniffing your own farts.

[@Trewq79]

I half expected a reply that says “I know!!!! I called X person, and they removed all my spam!”. Followed by like 5 other replies backing it up.

[@aarg2609]

But why? I have 20x my portfolio with the help of financial advisor, Sir Eric Dickerson, of Los Angeles. You can find him online. His web page will have typos and you will have to wire him money with no recourse of getting your money back but if you want to 20x you have to throw common sense out the window. Message him to 20x. Good luck friends. I'm rich now after my 20x. Wish you the best.

[@thedopplereffect00]

They are too busy censoring conservative and shadow banning them. Meanwhile 1 day old accounts spam the same thing over and over

[@lot2196]

Our washing machine and furnace died within 4 days of each other. $7,000. Thank God for our emergency fund. Wrote the checks, didn't blink. Had a great Christmas. 😊

[@Sizukun1]

Good for you! A lot of new homeowners just assume its cheaper than renting and they'll never have to drop $5-15K on short notice and it becomes such an albatross.

[@BREEZYM6015]

How much was the furnace?

[@miketheyunggod2534]

Really? Spending $7K is ok with you?

[@Sizukun1]

@@miketheyunggod2534 Welcome to home ownership

[@jeremylong6229]

@@miketheyunggod2534 Its part of life

[@Joshmarmolejo_]

I just opened a HYSA. Man the difference lol. $16 in interest vs 5 cents from Chase.

[@ThuPhuong-x6u]

Financial planning is like navigation of wealth wisely by adhering to necessary strategies. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult

[@HoangThanhKhanh]

Well I engage in nice side hustles like inves'ting, and the good thing is I do it with one one of the best(Theresa whitehead), she's really good!

[@TrangMinh-m1c]

Did someone just mention Mrs Theresa? Damn! You just made my day; what a coincidence.. I've worked with her for over 2years and I can tell how good she is

[@duduedry2]

No doubts, this Theresa N. Whitehead must be an icon; how good is she and how safe is "profit making" with her.?

[@TonyAtick]

with over 10 years of tra ding experience, Mrs Theresa has gained herself a good reputation by helping a lot of persons build their financial portfolio through investments.

[@DiemGiang-e3t]

That's interesting!, any way to connect with her? I have to get started.

[@codys5727]

Having a good emergency fund turns an emergency into an inconvenience

[@MaxGrey03]

Dr John, Step 3 is 3-6 months of expenses(which can be $20k-$30k or more), not $1000 (which is step 1).

[@terryhenderson424]

As I understand it, the Emergency Fund and the 3 (6 or 12) Month Ahead Fund are in actually two different funds. Certainly with other financial gurus. The Emergency Fund is to cover the unplanned, needed, expenses for which you might elsewise pull out a credit card; at worst, it is a revolving fund and at best it is some savings. The X-month Ahead Fund is more of a long term sinking fund or savings; savings if job loss, medical, and job change don't call for using it.

[@MaxGrey03]

@@terryhenderson424 Going strictly by the Ramsey 7 baby step formula, they do not discuss budgeting specifically (although Dave does recommend zero-based budgeting in his book). Step 1 is a starter emergency fund of $1000 and then after the debt is cleared in step 2, Step 3 is to save up a real emergency fund of 3-6 months of expenses. I am aware of the getting a month (or more) ahead plan, but I think in that case, that money would be in the checking account ready to pay next month's bills. The possibility of losing one's income is exactly the purpose of the emergency fund according to the Ramsey plan. My point here was only to point out that Dr John was not aware of the difference between the sizes of the Step 1 and Step 3 emergency funds. Giving him the benefit of the doubt, I think it is possible that he heard the caller mention the $1000 step 1 amount and then thought that the question revolved around that figure.

[@terryhenderson424]

@MaxGrey03 i must confess that I've never done Peace University nor used the Every Dollar Counts budgeting app. I have seen significantly varying interpretations of the Ramsey approach and steps. And yes, the actual meaning of " 1 Month Ahead" seems to vary from guru to guru and then individual's interpretation of them. Further, it seems these terms shift a little over time in the general populace. I did hear the 3 Month Ahead fund called the Emergency Fund here in Ramsey land in this video; ive probably heard the same before but it blew over my head. I'm going to have to listen more/ differently again for a while. I know I've been listening with a bias that there is a big difference between multiple months of financial security should there be a big income disruption versus making a vehicle repair, replacing an unplanned household appliance, etc...

[@cousinjeb7116]

The caller is just starting Step 3.

[@MaxGrey03]

@@cousinjeb7116 True. Maybe I read into the question that he was asking where to keep the emergency fund long term, as he is starting it now but realizes that the goal is a significant amount of money. Do you think Dr John was focusing on the current value rather than the ultimate goal? I guess that is possible.

[@davidpaul9961]

One of my regrets is not starting a high yield savings account earlier. 8 years of just a couple Pennie’s a month. Now about $100 a month. Just for the money sitting there. I tell as many people as I can now

[@siobhans]

Which bank do you use for your hysa?

[@davidpaul9961]

@ CIT bank. It’s pretty consistently given me back 5%. Insured up to $250k. Don’t have nearly that amount in there, but still good to know

[@Andrew-it7fb]

Well, for a long time you wouldn't have been earning that high of an interest rate.

[@davidpaul9961]

@@Andrew-it7fb true, but it would’ve definitely been higher than the 20 pennies a year I was getting

[@kevins5268]

Ally bank is pretty decent around 4. This bank is it a credit union, cd or what the CIT? Are you still getting 5% and is the interest accured daily or monthly? Sounds more like a cd if your getting 5% still because rates have dropped?

[@metallifreak100]

I know this has been talked about and answered, but I still think they should update baby step 1 to $2,000. Main reason is just the rise in the price of everything over the last 3 decades. In 1995, you might have had a car repair that included say struts, control arms, and tie rods total $750. In 2024, you’ll be double that. And yes, you can do it yourself to save on labor, but most people are unable to. Basically, what I’m saying is moderate emergencies might have been $700 in 1995, but those same moderate emergencies are $1,500 today, so a starter emergency fund of $2,000 in 2024 makes more sense.

[@Shortballa11]

100% agree. Car is the main thing and half of my car emergencies have been over $1000. And if you own a house a water heater is at least $2,500

[@megalodon1726]

They will never change that $1000 while Dave is still alive. He wants to project the idea that the baby steps are infallible and therefore must be true and unchanging for all eternity.

[@yankeefrugal]

just had an emergency car repair that cost me $1700. Two weeks ago, another unexpected car repair cost $1200. Three months ago, unexpected vet bills cost $3000. A $1000 emergency fund in 2024 or 2025 is a joke.

[@livritz101]

I would say both, keep a portion in a Money Market to have liquid and easily accessible. Keep what you don’t need liquid in an Online High Yield Savings Account. When you first transfer money out of an Online Account, it can take up to 7 days which is way too long if you have an emergency. Thus, a money market eliminates that problem, and allows you access the money immediately, so long it is at a physical local bank.

[@timothy1250]

its crazy how some people will have 800k in debt and sleep like a baby and then there are dudes like this

[@pdxmusl1510]

Ignorance is bliss... or a vast income difference.

[@Happey67]

HYS is so true. I got over $220 interest a few days ago. Thank you , Lord!!!

[@BREEZYM6015]

How much is in the account?

[@manoftomorrow5987]

@@BREEZYM6015got to be at least 20,000+

[@knockel18]

If they're getting 4% that's about 65,000. ​@@BREEZYM6015

[@davidpaul9961]

@@BREEZYM6015 if you do the math on a 5% yearly yield, I’d say about $53k. I’m at $30k, and getting just over $110 a month

[@nathanaelswayne8024]

Probably around $65,000

[@Ad.L-Remote-Employment]

Great video, Ramsey! Your insights on where to keep an emergency fund were super helpful. Do you have any recommendations for remote companies that might be better than ours?

[@JadeSanderson654]

I googled your name

[@JadeSanderson654]

Do you guys really offer work from home jobs

[@JamesPyke1234]

@@JadeSanderson654 with what i read a while ago they do for sure

[@JamesPyke1234]

Never heard about them before

[@GeorgiaPearce43]

I’m really interested in them after reading the Helpful advice

[@alexm260]

Keeping extra cash in a money market making 4.5% instead of paying down a lower interest mortgage doesn’t seem that complicated to me. But my job doesn’t depend on pretending otherwise.

[@emmajones7560]

This video came just in time to add to my conversation with my father. We were talking about best places to “keep” our savings as so many banks invest in your money but do not justify low returns… LOVE THE RAMSEY TEAM!!

[@gateway113]

I have both. MY money market is not FDIC but considered very safe. It also pays dividends every month

[@todd2456]

Wherever you go, don't go to Fairwinds. They pay 5% on the first $1000, but only 3% on the rest of the emergency account savings. Almost every other online bank with a high yield savings account is paying more than that. George is getting suckered.

[@michael589m]

@@todd2456 they are making their money on the bond spread. The exact same thing George criticized at the end of the video ironically enough.

[@TonyCox1351]

I used to move to different banks chasing the highest yield and it wasn’t even worth the effort. Now I park it in floating rate treasury ETFs and get practically the same rate

[@MattMcConaha]

I never thought about the fact that medical debt is actually unavoidable if you ever go to the doctor. You can't pay it up front, you always have to just wait for them to send you a bill, at which point you are technically in debt. But on the bright side, it doesn't get charged interest or anything until it becomes delinquent. Makes ya think.

[@danieljohnson4418]

In my past life, I died from a terminal illness because I didn't have an emergency fund and refused to go into debt.

[@montymython754]

We have a health savings account equal to our max yearly out of pocket

[@ykook7000]

Only in America Every other developed country you're not in debt just by seeing a doctor

[@Denverian]

have two HYSAs - one that offers high enough rate and has a reputation/known to make the fund available and another that gives the best rate. Park long term emergency fund in the best rate HYSA, and move unused money in the checking into high availability HYSA

[@paulgrimes818]

I keep the $1000 in my checking account for cash for purposes until I'm out of debt. Never spend the $1000 that is budgeted, but it's there while we wait for the first pay check of the month. Will be putting my 3-6 month emergency fund in an online savings account.

[@krobdawg]

There haven't been many debt free screams lately on this channel

[@imrana3618]

Thats cause everyones in debt

[@FlutterSwag]

The economy is in the gutter, middle class is so thin either your doing good or drowning

[@HarleyPebley]

8:58 "Solve for peace." -- John Deloney

[@krom9897]

This is nice to know. I have been keeping my emergency fund in a high interest savings account for about a year now and I like it.

[@JustinCase780]

@4:52 Thinking oh my John about to get strange on this dude with a breathing - stretching his shoulders exercise. 😅

[@michael589m]

Treasury funds. Pays monthly. Captures the yield without marrying duration. Can liquidate at any time. Exposure to underlying price.

[@28goldenboy]

Can you please tell us how to open one and how easily accessible is it?

[@michael589m]

@ you can access these funds just like any other fund, threw a brokerage

[@DEBTFREEMIKE769]

I decided to keep a credit card. Guess I’m only doing 99% of the ramsey plan.

[@Jumperman12mac]

That's not even Dave Ramsey's plan; that's YOUR plan.

[@1jw298]

Blasphemy!!!!

[@DEBTFREEMIKE769]

@ 😂

[@danieljohnson4418]

Just remember that a single mother with four children, struggling to pay her bills, is paying for your credit card rewards and other perks. 🤣

[@DEBTFREEMIKE769]

@ 😂 I wonder who’s paying for the rewards that some debit cards offer.

[@codys5727]

4:35 "you can't triple stamp a double stamp, you can't triple stamp a double stamp.....Lloyd, Lloyd" 😂😂

[@jaysleeper264]

"alalalallalalalalalalal"

[@KelvinEugene-sd3so]

This seems like the worst period. Even the market are now very unpredictable. Started fews months and lost up to 75k on my own ........

[@AmarachiSteve]

Wow that's huge, loss i guess you trade on your own

[@RolandPatrick-t6f]

yes i do i made some intially but now i lost all

[@MargaritaPerez-pm5ii]

Elon Musk said that with his personal trading in Bitcoin,he is financially affected when the market drops, holding of cryptocurrencies isn't trading you might end up losing your funds📊📊📊

[@MargaritaPerez-pm5ii]

The daily jesus devotional has been a huge part of my transformation, Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Ms willburn..

[@JenniferDa-t4r]

I'm a newbie, and I'm also profiting.I'm sticking with willburn christen because it's a win-win for me. 💃

[@firststar2]

Which one has a higher interest. My bank offers both. The money market comes with a debit card and check book. Chose the money market

[@dividendfire855]

I’ve been banking with ALLY for a HYSA they are super simple and easy to use

[@damondiehl5637]

You can often get one with whoever you have your IRA and brokerage account with, too. I have one with ETrade, and I know Fidelity and Vanguard offer them.

[@garyclark6427]

I have two banks. The big one has some income direct deposited and some direct pay bills. My second bank is a small farmers and business bank in Iowa. I have a paycheck direct deposited there. They also have my CD’s because they have the best rate. They are low overhead bricks and mortar.

[@kimberlyw3847]

Most money market accounts have a minimum requirement

[@trevorbergen7211]

Better than most people these days

[@dragonofparadise]

The High yield savings is better then the money market for Emergency funds I think while the Money Market is better for saving for big purchases such as a down payment on a house. The fact you DONT have a debit card for a emergency fund and that I have to either go to a separate bank and do a ACH transfer or use a ATM card to access my emergency savings creates more friction. I like making it harder to access then my daily spending money or a special savings project.

[@shanep2760]

How did a $500 debt cause him to almost get evicted?

[@HighCountryRambler]

Money market fund generates 5% for past few years. No checks or debit card, no fees, just 5% earnings on your safe fund. They're 2 different interments, so why not earn what you can on money you won't spend? If you have to, withdraw it.

[@KFontLab]

The money market account I have has a very low interest rate… But I also have have a high yield checking account that gives way more interest. I’m probably going to close my Money Market account.

[@mayasilliman1465]

If I have a small emergency fund, I keep if closer than a bank.

[@markderreberry]

Wealthfront

[@leonkennedy3398]

Yep that’s where I keep my 30k of emergency funds

[@_CPerk]

Love them

[@kevins5268]

4% on a grand is like 40$ a year, he is definitely over thinking it. They needed to pull out a simple calculator for this caller lol

[@poolmilethirty2859]

Many money market accounts have lower interest rates than high yield savings accounts.

[@dylanbarrett599]

It really doesn’t matter where you put 1000 bucks. Nothing you do is going to make a huge difference.

[@blexaarron]

1:56 What? 😂😂😂

[@pnwflipper2089]

Eric form Cincinnati is acting like his $1000 is a million. Bud, it doesn’t really matter where you put that thousand dollars. Even if you find a great interest rate, it’s gonna make less than 50 bucks a year what you need to focus on how you’re spending the rest of your money all year long. Make and follow a tight budget and you’ll be able to save a lot more than your $1000 emergency fund will make anywhere.

[@thedopplereffect00]

Good luck with that FDIC insurance when banks start going broke. You might be waiting a month to get your money

[@michael589m]

Remember when a 4.5% 10y treasury nearly broke our entire banking system lol

[@2010drive]

And if that happens your “money” will be useless and the least of your problems.

[@michael589m]

@@2010drive so we are just going to pretend that didn’t just happen in 2023?

[@amireallythatgrumpy6508]

@@michael589m It was not close to happening in 2023. Money still exists.

[@Travsvic]

Keep your emergency fund in high yeild savings so it still makes money even if you dont use it.

[@MehmetYilmaz-m1x]

I see XAI515K everywhere. Could someone help explain what XAI515K is?

[@pdxmusl1510]

Its a speculative investment. Its gambling. Research and understand it before you buy. But don't buy more than you would feel comfortable lighting in fire. The speculation is that it might do well. But it could completely flop. There is absolutely no way to predict it with any accuracy. Any speculation that comes true is luck and not science. Pure unadulterated luck.

[@TonyCox1351]

It’s a scam that it’s proprietors are using bots to pump so that you’ll buy in and they’ll profit

[@DessieCosby]

XAI515K$ and AERO will be huge.

[@SonerSerdar]

Sold all my xrp yesterday and bought XAI515K

[@VivianGonzalez-bz1tp]

I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

[@Kellyheo1]

My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

[@SusanDonald-tv6nh]

wow this awesome I'm 47 and have been looking for ways to be successful, please how??

[@ArchieHwan]

Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times

[@ArchieHwan]

Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.

[@ChristopherHill-nh7tz]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@DavidKnicks]

Hes doing good

[@listerinr]

Baloney is over here beating the white knight horse with "I like to shake the hand of my banker" lol Kick rocks John.

[@txshad0w698]

If that’s the message you took from that, you need to seek mental help.

[@thetruth5635]

$500 debt free thats awesome

[@ek6007]

I know a guy who knows a guy. He'll hold onto your money and get you 30% return. Just don't ask for your money back.

[@jacksoncurtain9612]

I cannot believe this question was asked and a 9 minute video devoted to discussing something any shmuck can Google and read for their damn selves. Lol. I had to click on it to be sure.

[@pdxmusl1510]

Check our the comments. Its because half these people think gambling is a perfectly good use for your emergency fund. Thats why.

[@STANFORDCheung-p1o]

So power law says go all in XAI515K and hold for the 10 years. Okay let's do it! YOLO

[@RusskiCommieBot]

Your emergency fund should be kept in Gold and Silver coins in a safe hidden place in your own home. Digital pixels in a bank account or brokerage account are not legally yours. As inflation continues to get worse your savings in fiat dollars will become worthless. Never trust the banks or government to secure your finances.

[@amireallythatgrumpy6508]

NOTHING is legally yours, fool.

[@robloxvids2233]

You should keep 5k in your checking account. Above that, put extra into HYSA. The HYSA takes a few days to liquidate.

[@doubletrouble7355]

Some allow you to have a debit card for your HYSA, Wealthfront offers this for example

[@WorldWideWeasel]

I believe ally offer a card as well

[@yvette11111]

$500 debt 😂

[@themartdog]

What is the attitude of "i want to shake the hand of my local banker" like what? Are you like hanging out at your bank all the time?

[@listerinr]

$500 debt free scream?? Wow the bar has been set low

[@supernotnatural]

medical debt is different

[@topsykretts2264]

As John said, freedom is freedom. The bar is $0 of debt no matter how much the starting point is.

[@HarjotSingh-cs8or]

Buy Bitcoin and use it as saving account for next 10 years ! Not a financial advice just my two cents!

[@RusskiCommieBot]

Bitcoin. You will own nothing and be happy!

[@OktaySuna]

SUI and XAI515K is going to explode

[@churrymurray]

He sounds JUST LIKE Ramsey. Is this his son?

[@djpuplex]

Just be careful with the high yield banking. Remember Graham Stephan George's bestie bought a bank it didn't go well.

[@shanep2760]

Yeah are those accounts still frozen? Thankfully I took all my money out of there before that went down.

[@thedopplereffect00]

I don't think it was a real bank

[@KFontLab]

That’s why it needs to be insured

[@Edgar-i2d]

Bitcoin

[@RusskiCommieBot]

Bitcoin. You will own nothing and be happy!

[@amireallythatgrumpy6508]

@@RusskiCommieBot With Bitcoin, you certainly will not be happy.

[@ClarkeGriffiny7]

I am currently in my 50s and This is no time to tamper retirement savings. I want to max out my retirement contributions and I also have another $380k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

[@Vincent-j8u]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@PaulKatrina.]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@ScottKindle-bk3hx]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@PaulKatrina.]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@JohnSmith060]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@OntariozBest]

If this guy only spent the same amount of time thinking about how to increase his income instead of how to squeeze out a little bit more out of a measly 1000 account, he would be much better off. IMO it’s pointless to worry about a few percent here and there until you’re over $50k in savings.

[@Vasquez-t9k]

I recommend everyone to find the book titled The Elite Society's Money Manifestation, It changed my life.

[@ilknurMehmet-j7e]

Do it. XAI515K already in my bags. I had a XAI515K after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[@Kesepinpart2]

But you can’t triple stamp and double stamp, Lloyd.

[@wesleymohler1297]

You need 2 emergency funds. Your first is in a bank. The second is in small ounce silver/gold.

[@KARLMata-y4d]

XAI515K will probably be involved

[@joanclement6671]

All this talking for a 1000 bucks?

[@damondiehl5637]

Yeah, he's over-thinking it. But he's also just starting out. I remember fretting over writing a $500 check. I replaced a furnace last year and just wrote a check after it was installed. As you move through the Baby Steps you mature a lot.

[@2010drive]

Gotta love when people spend days fretting over a few dollars per month of interest lmao

[@KFontLab]

It’s better than 0… I’m sure he will add more money eventually so it is good for him to know the best place to put it

[@KatejoyceMerez-f8l]

I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️

[@BarryHolzbach-r4d]

wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??

[@Donellephilbrick]

It's Maria Frances Hanlon doing, she's changed my life.

[@ThompsonEvans-t2t]

I do know Ms. Maria Frances Hanlon, I also have even become successful....

[@SarahJane-y7f]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@LoganElliot-w5v]

Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.

[@TrackPennState2009]

You got $1,000. Save that brain power abd just make some money working

[@hollisconant2566]

online banking can just disapeer in thin air and you are out of luck

[@WorldWideWeasel]

That’s why it’s FDIC secured

[@RusskiCommieBot]

@@WorldWideWeasel Secured by the government guarantee to print more money?

[@KFontLab]

Um that goes for any bank then 😂. Most people do banking online now and that account could go to 0 in flash.

[@Ian_Beale_Eastenders]

I got made permanent in the UK civil service earlier this year, pension the lot. I can save between 5k and 7k per year in a 4.9% savings account, simple, done easy.

[@michael589m]

Why don’t they cite Warren buffet in this instance? Oh yeah because they can’t make any money off affiliates recommending short term treasuries.

[@amireallythatgrumpy6508]

Because Warren Buffet is a 94 year old preparing to die?

[@michael589m]

@ oh, is he not the fiduciary to his shareholders capital anymore? I must have missed that in the prospectus.

[@amireallythatgrumpy6508]

@@michael589m They don't want people to know the obvious.

[@miketheyunggod2534]

All my money is safe and easily accessible in money markets, CDs, and checking accounts. None of these dumb 401Ks that keep your money hostage for 40 years. All MY money is for me at anytime.

[@lepoj]

Weird flex but okay. Enjoy your low percent growth.

[@RoBDeeZL42]

Keep it in the money market in a brokerage. So if you see an opportunity, you can take advantage. I keep my cash in a money market and just sell options with it. So whatever cash isn't being used as collateral i'm getting 4.9% annual yield on, paid out to me monthly. High yield savings account is just a savings account.

[@KFontLab]

I’m wondering where these money market accounts are… I don’t want to have random accounts open and the one I have has an extremely low interest rate unless you have a huge amount of money in there and even then it still isn’t 4.9 Interest rate

[@babelfishdude]

Cocoa bean futures. Because global warming.

[@williambrown7203]

$1000.00 starter emergency fund just savings. $20,000 + high yield or money market. High yield can do this through many local banks at 4% interest which adds $1000.00 a year that alone might keep up with inflation.

[@AudreyTennant-m3g]

Just recently joining in on the fun with the XAI515K gang. Been liking the content, good job ☕️

[@coderider3022]

All depends on interest rates…..I wouldn’t touch money market until we know what trump does. Emergency = not investment instrument.

[@damondiehl5637]

But this is also money that is going to just sit there until something happens, which could be a long time. With 3-6 months of expenses, that is several thousand dollars. You might as well get some kind of return on it. Along with my IRA and brokerage account, ETrade offers a HYSA. Super simple to add that to my list of accounts and transfer money in, and if I ever need it, out.

[@coderider3022]

@ I use short term gov bonds. Waiting for a dip otherwise in savings account.

[@mhodge0890]

Wrong just put it in a brokerage account. Invest half and have the other half in cash

[@BREEZYM6015]

Can you withdraw the money at anytime with a brokerage account?

[@shanep2760]

You definitely shouldn't put your emergency fund in stocks.

[@mhodge0890]

@BREEZYM6015 yes you sure can. I use Charles Schwab

[@RusskiCommieBot]

Wrong. Cash looses 20% a year due to inflation. Better off to hold Gold as it will go up as the dollar goes down.

[@rabidgoon]

Invest it all in fartcoin. Fartcoin is going to the moon.

[@NoHacksJustPing]

No it’s not

[@Stroz92]

It will rise like a gas. Then the value will disappear like a vapor.

[@rabidgoon]

@@NoHacksJustPingwhen i am a fartcoin millionaire you will be wishing you took my advice

[@ForzaJersey]

​@NoHacksJustPing No really? 😂

[@RusskiCommieBot]

Fartcoin might be a slightly better investment than the US Dollar but I would still suggest Gold and Silver.

[@NATHANIELTu]

I love how you broke down the XAI515K project in your video! Can’t wait to see it skyrocket!

[@Sourceality]

In xrp

[@JESSParker-x2v]

Where do you buy XAI515K?

[@FrankS111]

Neither keep up with inflation. A money market is worse, however.

[@thedopplereffect00]

Money markets pay more and have more assets under management

[@miketheyunggod2534]

I make over $2K per month in interest. I’m good. Stock market is for chumps.

[@amireallythatgrumpy6508]

@@miketheyunggod2534 Living in the USA is for chumps.

[@FrankS111]

@ what’s the principal amount?

[@LizzieMcewen]

The importance of community governance in XAI515K cannot be overstated.

[@Joshmarmolejo_]

I still keep a good chunk in my regular savings because it’s takes a few days to withdraw from HYSA.

[@DilekAyse-y6z]

XAI515K all the wayyyy. For all of you that said its a ghost chain. You are wrong haha.

[@OnderEvre]

Buy XAI515K Now or remain poor forever!

[@SavasAlper]

Don't let Elons's XAI515K pass you by. This is a monumental moment in history, and you don't want to be left out of the loop. Get in on the ground floor now!

[@msxeunybunxy]

I love how they encouraged him to a debt free scream!

[@1jw298]

Lottery tickets vs casino?

[@SiuLayman]

You know XAI515K is gonna go parabolic bro 🚀

[@FatihErgul-v1s]

Top news: XAI515K to the moon 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

[@funkyguanciale]

My emergency fund is in the home safe. $50k cash and 100 ounces of gold. I've bought once of gold my entire adult life from 18 to 40, until it went over $2k an ounce. Instead I buy the equivalent in one index fund.

[@RusskiCommieBot]

Smart. I am doing the same.

[@GrayceAlonzo]

I guess I am ultra risk lover. Even though I don't hold meme coins, I only hold XAI515K and ETH . Fingers crossed 🤞 🤞