Emergency Savings

Economic and financial circumstances can change in the blink of an eye. How can you be sure you have enough emergency savings to weather the storm? In this article, we’ll look at all the factors to make sure you’re prepared before you run into trouble.  

According to a CNBC and Momentive Survey, half of the American surveyed have no emergency savings at all. 

The same survey also found that 40% of those with exigency funds have less than $10K set aside. 

As record-breaking inflation continues, those dollars are not going to get you as far as time goes on. 


Well, it makes sense that you should determine how much you need in emergency savings before you go after it… 

How to Calculate “Enough” Reserves

A rule of thumb most financial experts will tell you is to have three to six months of expenses saved for an emergency.  


The housing crisis and pandemic have taught us all that much… 

For that reason, in addition to your expenses, you should also consider these questions

  • Do you earn a salary or does your take-home fluctuate
  • Is all of your income earned or is some of it passive income?
  • What expenses could you cut immediately in an emergency?
  • Where can you cut spending now to put toward the future?

After answering these questions, you will get a realistic picture of how much emergency savings you truly need. And more than likely, it’s more than you originally thought, which presents a new problem… 

How can you get more money?

Emergency Savings and Financial Security 

The fact of the matter is that if you’re focused on “emergency savings,” your mindset is in the wrong place when it comes to finances. 

Real financial stability and freedom means that you would know that you and your family would have enough for any hardship. 

The road to that certainty is investing in cash-flowing assets. 

I am doing a FREE training on how I do this with real estate, and all the tools to get started. 

You can register for the Live Real Estate training here. 

Ultimately, if you are even thinking about if you have enough emergency savings, you aren’t there yet. So stop thinking about saving. 

Earn more, put your money to work, and be great. 

— Grant Cardone 

Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.