Welcome back to Fiscally Savage, on this episode we’ll be answering the question of “Now What?”. Our host Dylan will be explaining what sort of account to keep your short term and long term savings in, planning for things YOU KNOW are coming, how cryptocurrencies are another form of gambling and more!

 

0:00 - 1:28 - Introductions.

1:28 - 1:51 - Outlining today’s topic, “Now what?”.

1:51 - 3:30 - Checking account or separate account, high yield savings account?

3:30 - 6:00 - What should go into that account?

6:00 - 8:00 - You should have 6 months worth of savings in the bank. Plan for eventualities.

8:20 - 12:30 - Prepaid expenses, plan for things you know are coming.

12:45 - 15:30 - What is investing? What are assets?

15:30 - 16:15 - Cryptocurrencies are a form of gambling.

16:20 - 18:10 - Financial assets recap.

18:14 - 22:50 - Passive funds & active funds.

22:51 - 24:00 - Good investment should be boring, anything less is gambling.

24:00 - END - Outros