Having an emergency fund in place is one of the most important things when it comes to creating wealth, we all know that, right? But do you really know where you need to keep your emergency fund? It is not as simple as you might think! As you know me, I always try to optimize every aspect of my investment strategy. So, today, we are going to explore all the different options of where you can store your emergency fund in South Africa, and then I will tell you what my best strategy is. 00:00 Introduction 00:36 What is an emergency fund and why do you need one? 02:07 Important Aspects of an Emergency Fund 04:22 Options for keeping an Emergency Fund 09:32 Best strategy for an Emergency Fund in South Africa Here are the links to the websites mentioned in this video: Tymebank: https://www.tymebank.co.za/save-earn/goal-save/ Best Fixed Deposit Rates in SA: https://www.ratecompare.co.za/ Allan Gray Money Market Fund: https://www.allangray.co.za/fund-pages/money-market-fund/ \ud83d\udcb3 Enjoy my work? Consider supporting the channel by either buying me a coffee https://www.buymeacoffee.com/VetMarx or by becoming a Patron https://www.patreon.com/moneymarx My Product Recommendations from this video: \ud83d\udc49 \ud83c\udf0d Get a FREE stock worth up to $ 1 000.00 when opening an account at Interactive Brokers using my link: https://ibkr.com/referral/pieter834 \ud83d\udcb8 Here is a direct link to create your own EasyEquities account and start investing today (Get a Free R 50.00 Voucher!): https://bit.ly/3va1kD4 \ud83e\udd11 Get a R 200.00 FREE Crypto Cash Voucher by signing up with Revix: https://bit.ly/3atKsT4 \ud83d\udcdf Get R 25.00 worth of Bitcoin by signing up with Luno: https://www.luno.com/invite/S6PZN7 \ud83d\udcb0 Create your own BLOG: https://www.bluehost.com/track/vetmarx/ \ud83d\udecd\ufe0f Get Ezoic Ads On Your website (No Pageview Limit): https://bit.ly/3g1ArfX \ud83c\udfa5 Here is a list of all the gear that I use to make my YouTube videos: https://kit.co/MoneyMarx For business inquiries: moneymarx101@gmail.com #PersonalFinance #EmergencyFund #SouthAfricanYoutuber ___________________________________________________________________________ Who am I? My name is Pieter Marx de Villiers, and I'm just an ordinary guy from South Africa who aims to retire by the age of 35 years. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :) This channel will help you achieve your personal financial goals through the things I’ve learned (mainly through my own mistakes) and researched to improve my own financial health. Let’s face it, school did not teach us much about managing our money properly and seeing that there are SO many financial traps that we are destined to step into if we are not careful, I want to make you aware of these potholes, how you can avoid them and how you can get out of them if you are already trapped. If you enjoy the content and find any value in my videos, consider subscribing and help me reach my goal for 2022 by reaching 10 000 subscribers on YouTube! Lekker! ___________________________________________________________________________ DISCLAIMER I am not a financial advisor. The content on this YouTube channel is only for educational purposes and should not be taken for financial advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed financial advisor if necessary. Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.