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re: How much money should you have in the bank by age 30.

Posted on 9/22/17 at 9:05 am to
Posted by Jackalope
Paris. (Austin Native)
Member since Apr 2009
2252 posts
Posted on 9/22/17 at 9:05 am to
You should never have too much money in the bank. That money would just be sitting there not working for you. That's pointless.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
18687 posts
Posted on 9/22/17 at 9:47 am to
Once I have $3K in my savings, I'm going to slow down how much I put in and divert more to my investment accounts. The next three big purchases I want to make are an engaement ring, a vehicle and a house.
Posted by ItNeverRains
37069
Member since Oct 2007
25987 posts
Posted on 9/22/17 at 10:23 am to
quote:

You should never have too much money in the bank. That money would just be sitting there not working for you. That's pointless.


Im in real estate. I have 300k sitting in bank. In a multi offer situation in the hottest market in US cash and quick closes are king.

I would argue you should never deal in absolutes. That’s shortsighted.
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