I Drained My Emergency Fund. What Do I Do Now?

I Drained My Emergency Fund. What Do I Do Now?
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Пікірлер: 68

  • @AaronBurr04
    @AaronBurr042 ай бұрын

    Don't worry everyone, Bo is excited!

  • @petervestifrendrup1307

    @petervestifrendrup1307

    2 ай бұрын

    One of those rare episodes where he is excited!

  • @ethangilmore8767
    @ethangilmore87672 ай бұрын

    I think Brian is more excited than Bo on this episode!!! 😂

  • @Wunder.L88
    @Wunder.L882 ай бұрын

    Why am I also wanting to check the reviews as badly as Brian- we’re rooting for you!!

  • @user55717
    @user557172 ай бұрын

    Congrats on the book launch, Brian! Got my ebook yesterday. Can’t wait to read it

  • @shawnoneil2119
    @shawnoneil21192 ай бұрын

    I was working in the mortgage industry. Last year our company was bought, I was laid off the same week we had another kid and then we had to replace the whole roof. Emergency fund saved us since it took a couple months to get any unemployment

  • @minajohnson2196
    @minajohnson21962 ай бұрын

    I’ve been listening to your book all day on audible! So awesome! I’m very grateful for the influence the MoneyGuy Show and FOO have had on my life. SO EXCITED that I found it in my 20’s!!

  • @kylestorey8596
    @kylestorey85962 ай бұрын

    900k invested at 38.... What a machine.

  • @Lolatyou332

    @Lolatyou332

    2 ай бұрын

    I'm hoping to be close to that at that age, 1M by 40, currently 31. Investing over 3k/month at this point so it's not really achievable for most people unless they're super frugal or make a ton of money. Most of mine would be in a brokerage account though, no way I'd want the tax nightmare of 850k in a 401k account. That's going to be sooo much money once he actually hits retirement age, trying to be tax efficient is going to be borderline impossible even if he doesn't invest another dollar in the 401k. Mine would be closer to this: 401K: 210k Roth: 160k Brokerage 723k

  • @kylestorey8596

    @kylestorey8596

    2 ай бұрын

    @@Lolatyou332 I have 200k in my brokerage at 36 and thought I was in a good spot this guy is crushing it.

  • @christophermoreno3668

    @christophermoreno3668

    2 ай бұрын

    What about a Roth 401k?

  • @kevinkanter2537

    @kevinkanter2537

    2 ай бұрын

    @@Lolatyou332 i also noted that - way too much to have in a 401k --- and therefore he saved most into a 401k. i think non tax-event investments in a taxable account is the way to go, though even minimal dividends would be taxable, given the proably hi-inncome. however, the roth conversion is something to look at, although the % taxes is still high given high compensation but might be considered ------ especially with such a long runway and the ability to build up the roth w/o any cap gains consequences llike taxable. you have considered the proviso ? ---> a conversion prior to age 59½ will not trigger a 10% early withdrawal penalty on the taxable amount converted, a subsequent distribution from the Roth IRA within the 5-year period that begins on January 1 of the year of the conversion may trigger a "recapture" of that penalty.

  • @RobertBeedle

    @RobertBeedle

    Ай бұрын

    ​@@Lolatyou332I think you're overestimating the tax burden and not taking advantage of tax deferral.

  • @Szechieh1986
    @Szechieh19862 ай бұрын

    Hi Brian - I listened to your book in Audible from New Zealand when I received the notification in my email! Well done and looking forward to your weekly videos with Bo!

  • @dannyturkian9083
    @dannyturkian90832 ай бұрын

    Using the audible free trial to read the book, reading it the way a mutant would.

  • @smilingkelly5251
    @smilingkelly52512 ай бұрын

    Congrats on the book release! Paying off my debt right now, so I’m not buying any extras, but it’s on the list for when the debt is gone!

  • @popcorn1304

    @popcorn1304

    Ай бұрын

    Check out if your local library has any copies!

  • @nicholaswozniak
    @nicholaswozniak2 ай бұрын

    Sooo excited - delivery came as I’m watching this!!!!!!!

  • @user55717
    @user557172 ай бұрын

    DRESS CODE: Bowling (point) Shirt

  • @naimawest-hd2cm
    @naimawest-hd2cm2 ай бұрын

    Congratulations on the book!! I’m absolutely GUTTED y’all are going to Dallas instead of Houston tho 😢

  • @incontrovertiblegoodvibes5937
    @incontrovertiblegoodvibes59372 ай бұрын

    Amazon just delivered my pre-ordered hard copy of Millionaire Mission." I'm looking forward to the read! 🎉

  • @christinad1651
    @christinad16512 ай бұрын

    Your book was delivered today 🎉 As an ICU nurse of 27 years, I can honestly say that I never saw an ekg that looked like that!! 😂

  • @damemethief
    @damemethief2 ай бұрын

    My copy of the book came in the mail today! So excited to read it!

  • @ep23thebest
    @ep23thebest2 ай бұрын

    Got ma book. I can’t wait to read and get more of Brian stories. Make me crack up at work and get some great financial advice.😂🎉

  • @LL-pq5uo
    @LL-pq5uo2 ай бұрын

    You DEFINITELY need to sell "I'm SO EXCITED" shirts as your book tour merch!! I can just imagine all the fans and supporters wearing those 😜

  • @investingexperiment
    @investingexperiment2 ай бұрын

    My book was shipped today! Can’t wait to get my hands on it. congrats Brian and thank you

  • @TheNickCox
    @TheNickCox2 ай бұрын

    Still have not watched an unexcited Bo.

  • @spdog3344
    @spdog33442 ай бұрын

    Got my book yesterday from Amazon! Excited to read it!

  • @teresahunt5521
    @teresahunt55212 ай бұрын

    I was unemployed for two years after my husband died. Looking back, I wish I had taken ANY JOB to stop the financial hemorrhaging (or at least slow the bleeding). I wasn't exactly in the best head space I guess you would say. Fast forward to today... last year was my highest earning year at the age of 58. I will be debt free in 2-3 months. After that, I should be able to invest roughly 50% of my income.

  • @teresahunt5521

    @teresahunt5521

    Ай бұрын

    @@Mikey12383 lol...yes..I'm 58. I get that reaction a lot. I eat healthy and exercise/strength train. I'm a nurse and have always worked 40+ hours a week so no time for fun in the sun. I'm currently working 50+ hours. Much of the year, I go to work in the dark and go home in the dark. Consequently, I have very few wrinkles. I take supplements to make up for the lack of vitamin D from the sun. Dating is wild. Most single men my age are broke and unhealthy and think I'm 35. The men that approach me are the same age as my children (36 and 38). Sadly, most of them are broke too because of auto and credit card debt (and very likely child support). I took care of an injured/sick spouse for 17 years and I'm not interested in becoming a sugar momma so I will probably remain single.

  • @SWANSTINATOR
    @SWANSTINATOR2 ай бұрын

    Congratulations on the book Brian!!

  • @TLBstaincubus09
    @TLBstaincubus09Ай бұрын

    This was a great episode! Seeing Brian happy and giddy about the book was great to see! I’m happy to see this KZread channel take off the way it has!

  • @Lolatyou332
    @Lolatyou3322 ай бұрын

    Missed this episode, just never going to run out of an emergency fund so don't feel like it was something I needed to listen to live lol

  • @jwarnstarsmile
    @jwarnstarsmile2 ай бұрын

    Congratulations on the book release, Brian! I will be getting it on June 9 when I get my next Audible credit 🙌

  • @MelvinEC.11
    @MelvinEC.112 ай бұрын

    Can’t wait for the event in Franklin! I did forget to rent my tux 🤵🏽 😂

  • @valerieproctor517
    @valerieproctor5172 ай бұрын

    I've never put together that 3D is 3-Ds. I thought it was "looking from all angles" Dream Down to Earth Doodoo

  • @WallaceDunn
    @WallaceDunn2 ай бұрын

    Got my new book today. Stopped on page 88!!!!

  • @martinguldner3990
    @martinguldner39902 ай бұрын

    6 months of living expenses Is not Enough. Susie Ormond always said save 8 months of living expenses she changed to 12 months of living expenses saved because of the covid-19 lockdowns and layoffs.

  • @jakealberda4487
    @jakealberda4487Ай бұрын

    Got my book last night. Diving in today!

  • @amarissaburtness4276
    @amarissaburtness4276Ай бұрын

    Watched this and just HAD TO buy the book!

  • @colinmcgraw
    @colinmcgrawАй бұрын

    "Can this guy quit talking about this book" bahahaha. Got my copy. Appreciate all the work you guys do!

  • @isobelsmith9679
    @isobelsmith96792 ай бұрын

    Congratulations on the launch!

  • @johnwaller9797
    @johnwaller97972 ай бұрын

    Congratulations 👏🎉

  • @turbobros_online1561
    @turbobros_online1561Ай бұрын

    I'm going to buy the ebook right now!

  • @frederickthomas_
    @frederickthomas_Ай бұрын

    Huge congrats on the book release! Please bring your tour to the West Coast!

  • @jm9565
    @jm9565Ай бұрын

    I really enjoyed the question from Cade M. People forget that the goal shouldn't always be more money, but more of the life you want (paid for with money).

  • @jacobstemper4986
    @jacobstemper4986Ай бұрын

    Got my book yesterday! Already chapters in, great job everyone :)

  • @user-mn6fi5pg2x
    @user-mn6fi5pg2xАй бұрын

    Congratulations on the book! I will definitely pick up a copy.

  • @eleniderez860
    @eleniderez860Ай бұрын

    I bought the audio book. Congratulations Brian

  • @telmadorcey7272
    @telmadorcey72722 ай бұрын

    1st. Apply for unemployment is key for a layoff to keep some income coming in

  • @2passportsandpostcards
    @2passportsandpostcardsАй бұрын

    You guys are really great! I will def get the book, Brian!

  • @TH-uq9zm
    @TH-uq9zm2 ай бұрын

    I preordered my book and got it today. I’m so excited but I didn’t see the insert signature card? 😅

  • @jeremiahalexander7248
    @jeremiahalexander7248Ай бұрын

    Facts life changes with no notice!

  • @Erin-rg3dw
    @Erin-rg3dwАй бұрын

    I appreciate the answer to the question about moving closer to family. There are things that money can't buy and sometimes some financial sacrifice is worth it for the time with loved ones. Also, living closer to family may mean savings in other areas, such as childcare if family wants to help, or not having to spend as much time off from work and less costs to travel when you do want to visit.

  • @telerye
    @teleryeАй бұрын

    got my bookplate yesterday!

  • @Katie-ry4lj
    @Katie-ry4ljАй бұрын

    Brian, you should come to Hawaii for your book tour so I can see you! 😢

  • @FIRE_DrNinjaTurtle
    @FIRE_DrNinjaTurtle2 ай бұрын

    Congratulations

  • @cherylbroadenax1006
    @cherylbroadenax10062 ай бұрын

    Replenish it.

  • @acrobizer1238
    @acrobizer1238Ай бұрын

    Congrats on the book! Can you guys do a show on what constitutes 3 to 6 months in an emergency fund? Is it 3-6 w/o skipping a beat on anything BAU? Is it 3-6 going into spartan mode? Is it 3-6 if one or both lose a job at the same time? The way I do it is 3 months BAU not including if I lost my job and receive severance and unemployment. This way it really is moving up to 6 months. Thoughts?

  • @nicstevens6499
    @nicstevens6499Ай бұрын

    Oh boy... Beau is "excited.." When is he ever not excited at the beginning of these things?

  • @Firehackgarage
    @Firehackgarage2 ай бұрын

    I got my book yesterday from amazon after waiting about 6 months!!! I was sad to see it not signed. :/

  • @BeeTimesTwo

    @BeeTimesTwo

    2 ай бұрын

    A part of their process was confirming the preorder with them (no matter where you ordered from) and that put you on the list for a signed bookplate

  • @89coffinnails72
    @89coffinnails72Ай бұрын

    Has there ever been an episode where Bo wasn’t excited?

  • @zacknelson8918
    @zacknelson8918Ай бұрын

    So i have 4 and a half months of emergency funds, i want a full years worth, a 6 figure emergency fund, i put away 20% of my income esch year into my investments, and i put away almost 20% into ky emergency fund saving, should i start anotger emergency fund or just a fun savings adter my emergency fund is done with?i will have my emergency fund full done in about a year and half And i only have a mortgage as my debt

  • @Moontani
    @MoontaniАй бұрын

    See you on Thursday night!

  • @jmarinotripp240
    @jmarinotripp2402 ай бұрын

    Starts 0:23

  • @jldsystemsltd.4657
    @jldsystemsltd.46572 ай бұрын

    Lost audio

  • @dandulik1673
    @dandulik1673Ай бұрын

    Please make a new channel for your shorts and highlights! You are overcrowding your own channel and my feed! Unsubscribe coming unfortunately.