Welcome to the first episode of our personal finance series! In this video, we cover the very first building block of personal finance, which is emergency funds. Learn what constitutes an emergency fund, why it's so important to personal financial stability, and why everyone needs one. Karthik Rangappa guides you step by step on how to build a strong emergency fund, ensuring you are prepared for life's unexpected upheavals. Plus, it highlights common mistakes to avoid and highlights key takeaways, putting you on the path to financial resilience. Join us on this journey to securing your financial future – because being financially prepared is the first step to true financial freedom!

Timestamps
00:00 Presentation
01:16 Why do we need an emergency fund?
03:15 How to build an emergency fund?
03:20 Step 1 – Identify how much you need for the emergency fund
04:10 Step 2 – How to accumulate this amount?
04:33 Step 3 – Where to save the emergency corpus?
06:00 Takeaways
7:22Conclusion

Links to refer
Learn more about the Arbitration Fund here:
https://zerodha.com/varsity/chapter/arbitrage-funds/

Learn more about investing and finance here:
https://zerodha.com/varsity/modules/

Other important links
You can test your stock market knowledge by taking the Varsity Certification test here: https://zerodha.com/varsity/certified/
Open a Zerodha account – https://zerodha.com/open-account?cZMPVAR

Social networks
Twitter – https://twitter.com/ZerodhaVarsity
Instagram – https://www.instagram.com/zerodhavarsity/?hlen

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Featured Playlist
Beginner's Guide to Personal Finance
https://www.youtube.com/playlist?listPLX2SHiKfualGsjgd7fKFC-JXRF6vO73hk

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