Ep 346 - Escaping car finance, Rainy day vs emergency funds and bond/equity correlations

Damien Fahy of moneytothemasses.com talks to Andy Leeks about money. On this week's show I explain why now is a good time to step off the car financing merry-go-round, especially if you want to become financially independent or build wealth. I also discuss what the difference is between a rainy day fund and an emergency fund and whether it even matters. Finally, I answer a listener request to explain the correlation between equities and bonds in a simple way. Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.   Retirement Calculator  Damien's Money MOT MTTM Podcast Episode 322 – Economic abuse & car finance explained MTTM Podcast Episode 327 – The steps to achieve financial independence, Black box thinking & apps to clear your mortgage Buying a car: what are the best finance options? The best money apps you should have in 2021