What Is Murphy?

Jennifer asks what Murphy is. She's just starting her Total Money Makeover. Dave explains.

QUESTION: Jennifer in California on My Total Money Makeover asks what Murphy is. She’s just starting her Total Money Makeover. Dave explains.

ANSWER: There’s an old idea called Murphy’s Law. I don’t know exactly where that came from. Murphy’s Law is that if it can go wrong, it will. Bad stuff happens. Crap happens in your life. It’s going to rain. You need an umbrella. It’s not being negative. It’s just the recognition that about the time you think you’ve got everything figured out, you don’t. If it can go wrong, it will. It’s kind of a negative, black cloud kind of way of looking at things.

What we tell people is that you need an emergency fund because it’s Murphy repellent. When you have $10,000 or $20,000 sitting around, it seems like a lot of your problems leave. They seem to stay away. It seems to repel Mr. Murphy. If it can go wrong, it will.

It’s not a real person. It’s not an actual family. It’s just a saying.