Beret (Bourree) Lam
speaker
435 appearances
6 recordings
1 series
first heard Apr 2020
last heard Jan 2024
Beret (Bourree) Lam’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Knowing Your Numbers Can Lead You to Financial Freedom · 7 Jan 2024
podcast
And having that emergency savings account is really important.
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Yeah.
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And one more thing advisors recommend, especially right now, is to keep your emergency fund at the amount that you need it in, but also in a high yield savings account so that it's earning when you're not using it.
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And so when you do pull it out, you feel a little less bad because your money's been working for you.
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Like a big part is learning about your own money, inclinations and habits and like what you can change to make yourself happier and also, you know, trick yourself sometimes to be better at your goals.
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Saving is really hard for some people and it's really easy for other people.
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Like for some people, saving too much in their 401k, like going way beyond that.
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The like employer match that feels really good to them.
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And it's really easy.
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And then for other people, they're like, oh, I just see I just see money leaking out of my paycheck into this account that is for three decades from now and really painful.
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And I hate it.
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I think that a big part of setting your money goals and then charting the path of how to get there is learning about yourself and how you handle your spending and your debt paying and your savings and your income.
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A more mindful spender.
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Oh, the smell of high interest yields.
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Oh my goodness.
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That's what I'm talking about.
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I think the bottom line is don't give into your FOMO, some fear of missing out.
And if you're a person who likes to gamble and you do gamble and you have a gambling budget, that could be where you're drawing the funds from.
If the funds are for your essentials, that's probably not a good idea.
Thanks, Chair.
Showing 221–240 of 435 · page 12 of 22
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