Cash Reserve
How would it feel to have a financially stress-free life
A Cash Reserve is money you cannot afford to lose, like a safety net for your goals. If something goes wrong with Plan A, we have a Plan B to keep us moving forward.
Not an investment
Many people invest before they save. Life happens, and we should all expect the unexpected.
To save means to place money in a vehicle that is safe and has guaranteed growth. You are certain the money will be there when you need it. In contrast investments have a certain amount of risk. You hope they make a gain, but it's not guaranteed.
Powerful piece of financial wisdom
Liquidity is key. A combination of guarantees, safety, liquidity, and control.
To have the security of a real safety net consider a savings account equal to at least two years of your income. Money market mutual funds have risk and are not guaranteed
Seven Benefits
No interest finance charges, avoid loan interest altogether.
A cushion if you lose your job. Remember COVID-19
Lower insurance premiums. You can opt for higher deductibles
Sense of control a pile of cash gives you is priceless
Steady year round income (business owners)
Options- you won't have to make choices you'll regret.
Ability to take advantage of opportunities
