MI067: WHY AND HOW YOU SHOULD INVEST YOUR EMERGENCY FUND

W/ CHRIS KAWAJA

18 November 2020

On today’s show, Robert Leonard sits down with entrepreneur and investor Chris Kawaja to learn about why and how he believes you should be investing your emergency fund, using The Ultimate Liquidity Portfolio strategy. Chris is a Stanford and Harvard graduate who worked at Goldman Sachs and Bridgewater Associates, which some may recognize as this super investor, and one of my favorite investors, Ray Dalio’s firm. Chris is also a successful entrepreneur, author, and real estate investor.

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IN THIS EPISODE, YOU’LL LEARN:

  • How money in a high-yield savings account, like an emergency fund, actually lose money over time.
  • Three major finance trends that have altered the investing landscape.
  • What is “The Ultimate Liquidity Portfolio” strategy?
  • How has this strategy performed in the last financial crisis?
  • Is it really necessary to have a mix of stocks and bonds in your portfolio to create wealth?
  • What are the “jobs” money has in one’s life?
  • And much, much more!

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TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Intro  0:00

You’re listening to TIP.

Robert Leonard  0:02

On today’s show, I sat down with entrepreneur and investor Chris Kawaja to learn about why and how he believes you should be investing your emergency fund, using The Ultimate Liquidity Portfolio strategy. Chris is a Stanford and Harvard graduate who worked at Goldman Sachs and Bridgewater Associates, which some may recognize as this super investor, and one of my favorite investors, Ray Dalio’s firm. Chris is also a successful entrepreneur, author, and real estate investor. Chris definitely has an impressive background in entrepreneurship, investing, and academia. You’ll hear just how brilliant he is throughout the episode today. I’m very excited to share our conversation on his unique investing strategy.

Many people listening to the show know that you need an emergency fund but most experts recommend you stick that money in a mattress or in a high yield savings account then just leave it there for a rainy day. Chris’s strategy is actually more aggressive with your emergency fund money because he recommends you go against what most experts say and actually invest your emergency funds in the markets.

I’ll let Chris explain this in more detail in today’s episode, but it’s a concept that fascinates me because I’ve generally been one that was willing to invest my emergency fund against the recommendations of other experts. Without further delay, let’s get into this week’s fascinating conversation with Chris Kawaja.

Intro  1:24

You’re listening to Millennial Investing by The Investor’s Podcast Network, where your host, Robert Leonard, interviews successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation.

Robert Leonard  1:46

Hey, everyone! Welcome to the show. As always, I’m your host, Robert Leonard. With me today, I have Chris Kawaja. Welcome to the show, Chris.

Chris Kawaja  1:55

Thanks, Robert. I appreciate you having me on.

Robert Leonard  1:57

Let’s start the conversation today by talking a bit about your background and how you got to where you are today.

Chris Kawaja  2:04

I grew up in Toronto, Canada. I was the son of two immigrants, one of whom was a finance professor. When I was 17, I was in my second last year of high school, but was on track to maybe graduate a year early. In February of that year, I left minus some temperatures and snow on the ground in Canada, landed in California, and visited Stanford where it was 75 degrees and people were in bikinis. My future was cemented from there.

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