The Most Important Thing

by Tom Tousignant

in Blog, Budgeting, Financial Safety, Wealth Building

If you did just one thing to get ahead financially what would it be?

Cash House

For me, the most importantthing is cash.  That’s right, old fashioned cash – well, not really, but something just like cash.  I don’t think it’s a good idea to have a few thousand dollars laying around the house, but it’s critical to have ready access to it.

Before you pay off debt, buy someone a gift they don’t really want, or buy a penny stock that someone told you about – make sure you have some money readily available.

Dollar

Not enough people have an emergency fund, but, it is one of the most important things you can do to get ahead.  Think of an emergency fund as a strong defense.  Offense is always flashy – like a long pass, a home run or 3 pointer, and so is talking about making 20% on a stock, but defense wins championships.

 

Cash in the bank is a goal line stance that will win you a championship.

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