Mailbag: Emergency Funds and Conflicting Financial Advice
Episode 300
Mailbag: Emergency Funds and Conflicting Financial Advice
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Equipping Points:
Is $120,000 in the bank too much? And is working with two financial advisors better than relying on one? Those choices may feel cautious, but caution can still come with a cost. In the 300th episode, David answers two listener questions about idle cash, competing advice, and the hidden complexity that can build when your financial strategy is split in different directions. More money sitting is not always safer. And more advisors do not always mean better advice.
Here’s some of what we discuss in this episode:
🏦 Bank Balance: Excess cash may create missed opportunities
🧮 Opportunity Cost: Quantify what idle money could earn
🧩 Multiple Advisors: Competing strategies can create confusion
📞 Next Steps: Seek coordinated advice for your situation
*Our firm does not provide tax, legal or estate planning advice or services.
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
