What Comes First? A Step-By-Step Guide to Financial Independence. Steps 3 & 4: Complete Your Emergency Fund & Set Up a Retirement Fund
Welcome to the third installment of Independent Beginning’s Step-By-Step Guide to Financial Independence inspired by Dave Ramsey’s “Baby Steps”. In the first installment, you learned about Step 1: Set Up an Emergency Fund, and in the second installment, you learned about Step 2: Pay Off Your High Interest Debts. Once you have completed these steps, [...]
What Comes First? A Step By Step Guide to Financial Independence. Step 1: Set Up an Emergency Fund
Many college graduates find themselves in a very interesting, exciting, but sometimes overwhelming situation: they are actually making money. For the first time in their lives, money is coming in that is not going straight back to tuition. While this is definitely a good thing, it often leaves the new graduate wondering what in the [...]
Where to Put Your Emergency Fund
In an economy as uncertain as the one right now, a person can lose his or her job without any warning. Additionally, nobody can predict when an emergency such as a car accident, medical problem, or major home repair will occur. For this reason, it is important to have an emergency fund. The most recent [...]
