Day 71 of 100 Days of 100 Ways To Rule Your World

GET TO WORK ON AN EMERGENCY FUND

Having an emergency money fund is something that everyone should ALWAYS either is building up or already has in place (and then adding more). Most people call their emergency fund their “Rainy Day” fund.

Remember, those rainy days can happen at any time. Usually, rainy days don’t always come in the form of rain or a hurricane, just ask the victims of the EF5 multiple-vortex tornado that struck Joplin, Missouri in 2011.

Rainy Days are not always about the weather. They can be a job loss, a mechanical failure of your automobile, or a ruptured water line.

While things are better than the worst thing that could happen start saving. Save what you can, when you can or you can set a goal that goes a little something like this: “In 36 months I will have saved enough money to cover six months of pay.”

Half a year’s pay is definitely something doable especially if you put your mind and wallet into it. Start as soon as possible, your future self will thank you for it.

Thank you,
David Guerra
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