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Seriously. I don't know a lot of people for whom a surprise $50k bill would be "unfortunately" rather than "disastrously".
by nathanb 11y ago
Seriously. I don't know a lot of people for whom a surprise $50k bill would be "unfortunately" rather than "disastrously".
- odonnellryan 11y agoI don't think there are that many people. 50K is a lot.
- gozo 11y agoI know plenty of people that live in $1MM apartments that doubled in value over the last 10 years. So while they might not be able to "spare" $50k, it's not that big a deal overall. Of course I know other people for which that would be a lifetime of savings.
- aaron695 11y agoI assume they are not silly enough to buy a house then right?
- nathanb 11y agoIs it "silly" to buy a house when you don't have $50k in your emergency fund? I have been very financially lucky, but I'd still have to sell a lot of stock -- dipping significantly into funds earmarked for other things -- to pay off a surprise $50k expense. I certainly couldn't have done so right after having bought my house.