Getting Started with Emergency Savings
Q: How much should you save for weathering the storm? A: it depends.
Q: How much should you save for weathering the storm? A: it depends.
I can’t tell you how many times a friend asks what they should invest in and tells me their objective is simply “to make as much money as possible!” To which I ask, how much risk are you willing to assume? “As little as possible!”
As the old saying goes, “what do you do to celebrate good times? Drink, smoke, gamble, or have sex. And what do you do during stressful times? Drink, smoke, gamble, and have sex.”