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How to get started saving an emergency fund-From $200 to $10,000

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How to get started saving an emergency fund-From $200 to $10,000

22,326 views April 2, 2020 19:28

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ChannelFinanceRox

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Description from the creator

Here are the 5 steps that I took to go from unemployed with only $200 to having a full $10,000 emergency fund.
1. Raise your standards
2. Adopt the mindset that you are saving money that you will never spend
3. Build a life with breathing room between your income and expenses
4. Emergency savings mode
5. Start small

NEED HELP?
👉Looking for some accountability for getting started saving? Check out my daily coaching package: coach.me/RoxanneE?ref=Adj4K

00:00 Intro
00:37 My Tipping Point-Ya girl broke
02:07 Raising my standards with money
03:31 Defining your new standards for your finances
04:16 Adopt a money mindset that you'll never spend it
05:07 Death fund-Making that money dead to you
06:34 A big money mindset mistake most people make
06:52 The skill of setting aside money
07:33 Intentionally creating breathing room between income and expenses
08:18 Being more intentional with spending money - The big 3 expenses
10:19 Step 4: Entering "No Spend" emergency savings mode
12:23 Caution: Going to hardcore can lead to deprivation and yo-yo binge spending
13:19 Step 5: Start small and then scale your emergency fund up
17:04 The antidote for financial stress
18:10 The emotional reason I started coaching and youtube

About this tutorial

FinanceRox published this 19:28 video tutorial on April 2, 2020. It has been watched 22,326 times on YouTube.

Channel
FinanceRox
Category
Education
Duration
19:28
Published
April 2, 2020
Views
22,326
Likes
821

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