65. The Fundamentals of an Emergency Fund
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When faced with unexpected expenses, reaching for your plastic can be an easy option. But easy is not always the best option.
In this episode, Royal Standley discusses the importance of avoiding over-complicating an emergency fund and how you can build your own. He reveals how an emergency fund benefits your financial plan even before you start creating a retirement plan and the debt you can avoid.
Royal discusses:
- The importance of educating employees and clients on emergency funds
- The difference between using an emergency fund and reaching for plastic
- Why you should focus on one step at a time
- How to build your emergency fund
- And more!
Connect with Royal Standley:
- Oregon Pacific Financial Advisors
- About Royal Standley
- Schedule Online with Royal Standley
- (541) 772-1116
- Email Royal Standley
Additional Resources:
Discussions in this show are for educational purposes only. The information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities and Advisory Services offered through United Planners Financial Services, Member FINRA, SIPC. Oregon Pacific Financial Advisors and United Planners are not affiliated. United Planners and its representatives do not offer tax or legal advice.