Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 5 – Build up your Liquid Savings

Photo by Olu EletuCourtesy of Unsplash

In our final interview with Wilson Lea exploring his article 4 Wise Wealth Tips for Your Wallet, we focus on why it is essential for you to have liquid savings to weather whatever life may throw your way.

“Traditional financial planning says that you should have 3 to 6 months of living expenses … In a perfect world this is true,” Lea says. “Admittedly, this can be difficult to do. You should always have some savings, but while you’re working on the other steps, $1000 should be enough cushion to get you over most things that could come up.”

Listen to learn more!

In case you missed our earlier chats with Wilson stemming from his article 4 Wise Wealth Tips for Your Wallet you can find them here:

Part 1: The Importance of Wealth Management
Part 2: Save for Retirement
Part 3: Pay Down your Debt
Part 4: Budget

As always, join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Liked it? Take a second to support Thinking Good on Patreon!