How can I safely store $50k for emergencies without spending it?

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BeautifulChango

New Member
$50k savings

Which asset class might be a good way to save $50k as liquid cash for emergency purposes? Other than putting it in a current account — as I tend to use up the money when I see it every day.

An interesting question: how much deposit is needed to achieve financial freedom?
 
ETF’s set and forget. It takes 3 days to liquify any holdings, and that makes it genuinely easier to avoid impulse decisions like with a regular savings account, because your cash is semi tied up but not inaccessible. Vanguard (ASX code: VTS) is sitting on a 17% return for the year so far.
 
Cash. That’s the only asset class with certainty. No risk. Keep it in its own lane a separate account from your everyday one. No bank card for it. Use a different bank than your current one. Search online for a high interest savings account. Pick one that suits.
 
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