“Automate transference to a high interest savings account until you hit three to six months of emergency funds. In my case, ideally 12 months of income.”

Dev Raga Personal Finance · 639 how automation leads to wealth

Play from 13:42
13:42

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What was described

Automate transfers to a high-interest savings account to build a 3-6 month emergency fund (or 12 months for the host)

12 months of income (host’s target)

Said nearby on the same subject

“Building an emergency fund. Probably nine out of 10 people that I actually meet as clients don't have an adequate emergency fund. Six month emergency fund”
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“They closed their fund… because for the prior 12 months, it underperformed the market by 22.9%”
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“We spent 18 months building the product, hiring up the engineering team, building the app… once we launch, we need a path to profitability within 12-18 months.”
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