Emergency Plans

What You Need to Know About Emergency Funds to Make Sure You're Ready for Anything

Be prepared when life throws you a curveball.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Life is unpredictable, which is why it's risky to try to live paycheck to paycheck. If you can, it's best to set aside money for an emergency fund in addition to your other investments. That way, you can be ready when something unexpected and unwelcome comes your way.

In this video, Entrepreneur Network partner Phil Town quickly breaks down what you need to do to make sure you have an emergency fund that actually works for you. He explains what you'll need to make sure you can afford, how long your emergency fund should be able to sustain you and more tips that can help you develop a plan for emergency funds that works best for you.

Click play to learn more.

Related: The 10 Commandments of Investing, From Billionaires Like Warren Buffett

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur