re: Dave Ramsey's Financial Peace

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I've never seen anyone here or someone considered a "guru" recommend not having some cash stored up.

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Here's one right here then.

You should have the ability to raise that much cash very quickly at little cost, yes. That doesn't mean you have to have the cash squirreled away somewhere.

For example, if you have a home equity line and need to quickly raise 5k, just write yourself a check and pay it back over the next several months. For amounts that size this should not be a big deal and no you aren't "risking your house". If you can't pay back a 5k loan to yourself at 4% interest on a schedule you set then your problem isn't the loan.