re: Recommended emergency fund amount in months/years

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but I think that being financially sound makes you more doom and gloom about being able to retire in 30 years or whatever

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It sounds like an outlook on life versus a reality of a plan.

It is difficult to snowball savings at the same time as avoiding debt.

Over the last 15 years, I've consistently been able to double my net worth anywhere from every 29 months to 50 months.
The key is to try and get that first $100k saved as fast as possible.
Then to turn that into $100k net worth as fast as possible. And then it will continue to work for you from there.

If you have 30 years, you should be able to grow your net worth from 7 to 12 times what it is now with that formula.

Thanks jag, at least I'm not completely out of line in my thinking

100k in investments is an asset.

100k in net worth is an asset greater than any debt obligations that you carry (mortgage, car loans, credit cards, student loans)

If life has taught me anything it’s that stocks aren’t an asset since they only go down

Just do a bond ladder. Take your money and chop it in thirds. First buys are 4, 8 and 13 week Tbills. When the first 4 week bill matures put it into a 13 week. Same with the 8week. Set all the 13 weeks to auto roll. (You can cancel auto roll up to 4 days before it reinvests i think). At that point 1/3 of your money is available about every month.

You can play with different time periods like using the 17 and 26 week tbills.

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I bet you're fun at parties. Asking for real help here, not some negative bs. I don't need a sky is falling opinion.

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He's not entirely wrong here though. The younger generation is turning away from the concept of "tuck away 10% into the market in perpetuity" and at the same time there is a huge amount of uncertainty around entering the market right now as there's a collective feeling that a crash is imminent and the market is just fighting it tooth and nail.

To answer your initial question, I like a six month emergency fund. I am also single and no kids so could in theory live like a pauper and cut expenses if things went awry. At some point I plan to start real estate investing and I might have to bump it up a bit.

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So long as you don't SVB yourself here

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Impossible since they’re sold by the treasury.

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That still seems foolish to me.

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It certainly might be foolish, but they are approaching careers and the future differently than even we do so a whole new world for them.

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It certainly might be foolish, but they are approaching careers and the future differently than even we do so a whole new world for them.

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I think the economy has been dead way longer than y’all realize because boomers decided they’d rather pay 300 for a Chinese flat screen every couple of years over $1000 for something that lasts forever. The factories shut down and now the only jobs that are left are warehouse and service industry jobs

Boomers complained about runoff and having to wash their cars more and they shut down all the fun coal mining jobs and the coal power plants so now we can’t produce anything here due to electricity costs

To make up for this loss of productivity in our country and keep the fake government number called the gdp up they kept us in endless war and nationalized the fake sales numbers of unprofitable tech corporations where most of the people working for them make minimum wage, see Amazon

Btw Amazon isn’t profitable

I order so many $2 packs of guitar picks from them and they drive it to my house in a box that costs more than the product. I hope one day it’s the straw that breaks the camels back

ETA: the $300 tv thing has wreaked more havoc than y’all know

If TVs were 1500 and people on welfare either had to save, steal, or sell a lot more drugs to get it, they would be incentivized to either go to work to get a better tv or end up in jail on felony theft or trafficking

Or watch a junky old tv but you know they wouldn’t do that. Entertainment should be more expensive tbh

Half of this board are ostriches sticking their heads in the sand in an attempt to ignore the most important natural law - “demographics is destiny”

Odds are the man who would’ve saved America will never be born because his parents were shot in a carjacking or his mom waited too late to have kids out of dedication to her social media management job at a law firm