A short transcript excerpt from a YouTube discussion hosted by Ndubuisi 'Andy' Egwim about why to hold cash and recommended emergency fund size. The guest (Speaker B) explains that cash should be an emergency fund equal to roughly 3–6 months of expenses and personally holds six months. The clip is conversational and advisory.
About 3–6 months of expenses; Speaker B personally kept six months.
Why do you really need to hold any cash? I don't want to answer this question because I know a lot of people here have already answered it, either on my podcast or in our one on one session in our group session. So can someone tell me why do you need to leave cash and what the cash is called and how much you can leave or how much you leave? Tell me what you do.
Yeah, so the cash will be like your emergency fund. So money that is easily accessible should you need money for an emergency, ideally should be like your expenses in one month by three to six months. So for me, I did six months.
Impressive.
