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In this Class 3 of Basic Finance, we focus on the importance of building an emergency fund. Learn why having one is crucial, how to accumulate it over time, and where to store it for quick access. We also highlight two common mistakes to avoid while creating your emergency fund, ensuring you're prepared for unexpected financial challenges. Time Stamps 00:00 Introduction 01:33 What is the need for Emergency Funds? 02:14 How to accumulate the Emergency Fund? 03:08 Where to keep the Emergency Fund amount? 05:05 Avoid these 2 mistakes while creating Emergency Fund 05:35 Conclusion How to create Wealth? | How much to start with & When to start investing? | Basic Finance - Class 1: https://youtu.be/W_dd4PIFBXI?si=LMtrMKqZxCHxI3-Y Where to invest my Salary? Asset Allocation explained | Basic Finance - Class 2: https://youtu.be/CeBnEET02nc?si=yXoEJBaY1PBdQI85 Learn more about investing and finance here: https://zerodha.com/varsity/modules/ Other Important Links You can put your stock market knowledge to the test by taking the Varsity Certification test here: https://zerodha.com/varsity/certified/ Social Media Twitter - https://twitter.com/ZerodhaVarsity LinkedIn - https://www.linkedin.com/company/varsity-by-zerodha%C2%AE Instagram - https://www.instagram.com/zerodhavarsity/?hl=en #analysis #investing #finance #stockmarket #financialeducation #varsity #zerodhavarsity #emergency #emotions #cash #funds Featured Playlist Beginners Guide to Personal Finance https://www.youtube.com/playlist?list=PLX2SHiKfualGsjgd7fKFC-JXRF6vO73hk
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