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

Posted on 9/22/17 at 10:23 am to
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
27032 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.
Posted by slackster
Houston
Member since Mar 2009
87106 posts
Posted on 9/22/17 at 11:31 am to
quote:

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.


Agreed about absolutes, but you're aware that margin is a thing, right? Or a line of credit.
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