In this episode, I discuss why having cash on the sidelines is your best friend, especially in uncertain times. I also share a powerful quote from Morgan Housel that resonates with me: "More than I want big returns, I want to be financially unbreakable." This mindset is key to understanding the true value of an emergency fund. Some highlights from the episode:

• The importance of having an emergency fund to avoid selling investments at a loss during market downturns
• How much you should keep in your emergency fund based on your personal risk tolerance and life circumstances
• Practical steps to determine the right amount for you, whether it's three months, six months, or even up to twelve months of expenses
• Where to hold your emergency fund to maximize your returns without sacrificing liquidity

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✅ Financial planning for 30-50 year old entrepreneurs:⁠https://www.allstreetwealth.com⁠

✅ My personal blog & newsletter:⁠https://www.thomaskopelman.com⁠

Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.