A Word Of Warning About Emergency Savings

Money house

If you could see the economy in different businesses and home across the country, you might be saving more than you are currently.

A lot of people are recommending that you build an EMERGENCY SAVINGS FUND with three (3) to six (6) months of expenses. If you do some research, you will find that this was the recommended amount of emergency savings in the 1970s, 1980s and 1990s. However, the landscape of the economy has shifted harshly. People are often out of work for much longer periods of time. Expenses are more than they were in previous periods (including the expenses associated with unemployment).

Do you really believe personal financial advice from the 1970s?

We are recommending that you set a goal of building an EMERGENCY SAVINGS FUND that includes fifteen (15) to eighteen (18) months of your expenses. We recommend that you build the first six (6) months in a very liquid money market savings account and the balance in cascading certificates of deposit. This will allow you the time you may need to replace your income and not suffer a huge lifestyle loss in going from one job to a new one or across career paths.

There are specific strategies that you can use to boost your savings – and it will happen faster than you think if you are willing to follow some advice and avoid “get-rich-quick.” We are encouraging American families to save more through critical strategies that the rich have been using ON US for many years. You can turn your personal situation around and drive your family to save more and boost wealth.

Check out our free resources to help your family design your own financial plan for surviving the current economic crisis:

Our FREE Facebook group is called “Live The Lifestyle Your Family Deserves.” Just search for the group name and join – it is free.

Our main FREE blog is http://www.stickyasset.com/blog. You can also join our FREE monthly e-saver on this blog by putting your e-mail address in the e-mail sign-up window. We will not sell or loan your e-mail address.

We also have another site called http://www.MiddleClassMoney.com. This site is where you find our $4.95 “How To Survive Any Financial Crisis.” Simply go to the bottom of the home page and click on the buy button. This site uses PayPal (so you are secure to use it). You’ll notice that the site only charges $4.95 for “How To Survive Any Financial Crisis.” That money goes to help us run the site, the blogs and other resources to help middle class families boost their savings and wealth.

What’s your house made out of? Where are your savings?

Do not simply take the word of those spelling out the same advice from the 1970s about how to survive this economic crisis. Take action and learn to boost your own wealth. You can do this!

Thank you!

Loyd Ford
http://www.MiddleClassMoney.com
http://www.StickyAsset.com/blog
http://www.BoostMyWealth.Wordpress.com
http://www.Squidoo.com/boostmywealth

Join the FREE Facebook group “Live The Lifestyle Your Family Deserves” today!

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