How Much Should You Save For An Emergency Fund? | Financial Planning Process | Dr Sanjay Tolani

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An emergency fund is money that you keep away and you “never touch”. Why is that? The whole purpose of this money is when you are in serious trouble that's why the word is call "emergency", you can then use it for THAT emergency.

BUT what if I tell you that different people will have different standard for this kind of fund? And the formula that I’m gonna give you will be totally different from what you’ve been hearing! So, what is my formula?

“ 6 TO 9 MONTHS OF YOUR MONTHLY EXPENSES”

If you want to know how it works, watch the full video and let me know your thoughts!

And last but not least, if you have learned something from this video, don’t forget to LIKE and SUBSCRIBE to the channel so that I can share more financial planning tips and strategies with you. See you in the next video! 👐

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🎖 Who is Dr Sanjay Tolani? 🎖
Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.

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