How to build an emergency fund
9 Oct 2025 · 1 min
0:54
Cut your biggest discretionary expense in half, automate the transfer to savings, then pull 5-10% of your take-home pay into the same account each month. You can hit $1,000 in weeks.
Cut your biggest discretionary expense in half, automate the transfer to savings, then pull 5-10% of your take-home pay into the same account each month. You can hit $1,000 in weeks.
Let me show you how to build a $1,000 emergency fund fast. Take your biggest discretionary expense. For 99% of you, this is eating out and cut it in half immediately. Now here's the key. Don't just cut it in half. Immediately send that money to your savings account. Let me tell you something shocking. When I ask people how much they think they eat out and then we actually calculate the numbers, reality is they spend 3 times more than they actually thought. Next, set it up to happen every single month automatically. And finally, go into your savings account and instruct it to automatically pull 5 to 10% of your net pay, your take-home pay, every single month. You do these 3 things, you're going to already have $1,000 in a matter of weeks. Now, of course, $1,000 is not enough for an emergency fund, but this is going to get you set up and started. I will show you how to extend and expand that in my money coaching program, iwt.com/moneycoaching.
