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Joined 2 years ago
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Cake day: June 14th, 2023

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  • It might be plenty, depending on your emergency. But you never know when you might be asked to care for an ill family member, suffer a health setback yourself, or end up out of work in a soft labor market - which we are currently in. It’s a risk based decision, but as price-to-earnings of potential investments is currently incredibly high (suggesting unrealistically high future return expectations), I would hedge on the side of more savings rather than earlier investment.



  • Save up an emergency fund. If you can manage to keep six months to a year’s worth of expenses in a savings account, it will give you a huge psychological cushion in rough times. Beyond that, save and invest as early as you can.

    Learn how to do basic maintenance on a bicycle, car, motorcycle or whatever else in your life that you depend on. That knowledge and experience will pay dividends the rest of your life.