Man, Sharan!! This is so relieving. Every word you said about the business emergency fund is so true and relatable, word for word. I have always felt stressed despite having the emergency fund for months but with your advice, I am surely gonna see how I can activate any of the above options while also being careful about it at the same time. Thanks a ton!
Great insight. And so true. We're in the middle of an emergency, and part of me is kicking myself that I don't have more of an emergency fund available. But you're right, it wouldn't be enough.
Have you heard of an IUL ? I was watching a podcast on this where someone suggested using an IUL to store working capital, and then borrowing off it (like you suggest) vs hoarding cash in just a regular bank acct. I'd love your thoughts. I own 2 accounting firms in VA and NM.
Man, Sharan!! This is so relieving. Every word you said about the business emergency fund is so true and relatable, word for word. I have always felt stressed despite having the emergency fund for months but with your advice, I am surely gonna see how I can activate any of the above options while also being careful about it at the same time. Thanks a ton!
Great insight. And so true. We're in the middle of an emergency, and part of me is kicking myself that I don't have more of an emergency fund available. But you're right, it wouldn't be enough.
Really liked this perspective, Sharran.
Most advice on emergency funds assumes “cash = safety".
It's interesting how you reframe it: liquidity > idle cash.
Entrepreneurs often need access more than accumulation. It a lot more aligned with the realities of growth-focused businesses.
Do you see this mindset applying only to entrepreneurs, or should disciplined investors adopt the same principle in their personal wealth-building?
Thanks Sharran!
Have you heard of an IUL ? I was watching a podcast on this where someone suggested using an IUL to store working capital, and then borrowing off it (like you suggest) vs hoarding cash in just a regular bank acct. I'd love your thoughts. I own 2 accounting firms in VA and NM.