The Russian invasion of Ukraine, in addition to a terrible humanitarian toll, has also affected the financial sector. We've seen increased market volatility. Today, Alex Cabot and Ed Lambert of Birch Run Financial explain the importance of having adequate liquid cash reserves, and what they should look like.
First, Ed explains the importance of having a "war chest," if you will. This is so important when it comes to protecting yourself against market volatility and unexpected expenses.
Next, Alex breaks down examples of what that war chest should look like. What is adequate, and what isn't?
Need help creating your own financial war chest? Or do you need advice on anything related to your financial future?
Birch Run Website: www.birchrunfinancial.com
Birch Run Financial email: info@birchrunfinancial.com
Birch Run Financial Phone Number: (484) 395-2190