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re: Finally found someone that agrees with me on the absurdity of the emergency fund
Posted on 5/16/17 at 4:24 pm to anc
Posted on 5/16/17 at 4:24 pm to anc
Emergency funds are for people who need budgets (the vast majority of people). Guy is worth millions, so of course it is pointless.
Most people can't float $10k on a credit card and pay it all off the next month before paying interest. Most people don't have "several brokerage accounts" where they can just go liquidate assets.
Most people can't float $10k on a credit card and pay it all off the next month before paying interest. Most people don't have "several brokerage accounts" where they can just go liquidate assets.
This post was edited on 5/16/17 at 4:31 pm
1
Posted on 5/18/17 at 12:38 pm to PhiTiger1764
quote:\\
Guy is worth millions, so of course it is pointless.
bingo
quote:\\
Most people can't float $10k on a credit card and pay it all off the next month before paying interest.
bingo
quote:
Most people don't have "several brokerage accounts" where they can just go liquidate assets.
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