What's the Best Way to Build Up Cash Reserves?

What's the Best Way to Build Up Cash Reserves?

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[kmed]

No offense, but you guys didn't answer the question at all, unless the answer was "talk to a financial advisor". This question can come up in many stages of life, not just for impending retirement.

[nathanho]

My employer provides a 5000$ loan with 0% interest repayable over 4 years, is it a good idea to use this as a cash reserve in a high yield savings account?

[JosephDickson]

I plan to slowly increase my Emergency Fund by one month every year until my retirement date. If i need to save six months then i start working towards that six years before my date... 12 months? Yep, twelve years before.