What You Need to Know About Emergency Funds to Make Sure You're Ready for AnythingBe prepared when life throws you a curveball.

ByPhil Town

Opinions expressed by Entrepreneur contributors are their own.

生活是不可预测的,这就是为什么它的风险try to live paycheck to paycheck. If you can, it's best to set aside money for an emergency fund in addition to your other investments. That way, you can be ready when something unexpected and unwelcome comes your way.

In this video, Entrepreneur Network partner Phil Town quickly breaks down what you need to do to make sure you have an emergency fund that actually works for you. He explains what you'll need to make sure you can afford, how long your emergency fund should be able to sustain you and more tips that can help you develop a plan for emergency funds that works best for you.

Click play to learn more.

Related:The 10 Commandments of Investing, From Billionaires Like Warren Buffett

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Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

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