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Benzinga
Benzinga
Business
Marc Guberti

Caleb Hammer Explains Why Dave Ramsey's Advice On Getting A $1,000 Emergency Fund Is Wrong: 'It's Not Enough Money To Cover Anything In This World'

Start An Emergency Fund Now

Financial personality Caleb Hammer recently shared a gripe he has with "The Total Money Makeover" author Dave Ramsey's advice on emergency funds. He believes it's no longer a sufficient amount of money to store away.

"It's not enough money to cover anything in this world," Hammer said in a YouTube clip.

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