Do You CYA – Episode #18

Do you CYA?How do you cover your assets?Are you covering your assets?This episode shares with you a few tips about emergency funds and emergency accounts.High income earners and high wealth individuals treat emergency funds differently.High income earners treat emergency funds and savings accounts as overdraft accounts or temporary places to park cash.High wealth individuals treat emergency funds as strictly protective asset tools.The difference is in the tragedy’s impact on a life.Does it wipe you out or put your family or assets at risk?Or can you go to an overflowing emergency fund and cover the difficulty and get back to your life with relative ease?If your life resembles the former and not the latter, then you’re making your life unnecessarily hard.If you don’t have an overflowing emergency fund, then unexpected costly events can be quite disruptive.You know the low level of anxiety that results from robbing peter to pay paul.Or the insecure feeling of seeing your savings account balance dwindle to uncomfortable levels.Or worse having to use lost debt to weather storms.Listen to this episode to learn how to defend your current and future freedom and CYA – Cover Your Assets.Podcast Cheatsheet:Why People Are Unprotected - 03:52Episode’s Rich Behavior - 06:52What’s An Emergency? - 07:25Ready to Start Behaving Wealthy:https://www.behavingwealthyacademy.com/roi-retirement-roadmapShare this podcast with your friends:Spotify - https://open.spotify.com/show/6uwUCj8c971XUJgbOOAH9hApple Podcasts - https://podcasts.apple.com/us/podcast/the-high-worth-%24hift/id1654041671Amazon - https://music.amazon.com/podcasts/c76f2f81-4fff-4d6e-8943-d31e298d5e85Google - https://podcasts.google.com/feed/aHR0cHM6Ly9tZWRpYS5yc3MuY29tL2hpZ2h3b3J0aHNoaWZ0L2ZlZWQueG1s?sa=X&ved=2ahUKEwj8zdXUzsf7AhVamFYBHcZnBwoQ9sEGegQIARACWant the video of this podcast?Youtube - https://youtu.be/LIVtG5nHMak