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I am not arguing against having a rainy day account. You should absolutely have one. I am arguing against tapping into it to take a few months off till Idaho's
by ajmurmann 9y ago
I am not arguing against having a rainy day account. You should absolutely have one. I am arguing against tapping into it to take a few months off till Idaho's non-compete period expires.
Over the last few years I made ~9% on my Vanguard investments. Vanguard's Retirement 2045 fund made 11% in the last 5 years and 5% in the last 10. That's all still much better than having it wast away in a money market account. You still can get the money out within days.
- Clubber 9y agoOh, most non-compete agreements I've seen are for at least a year. A rainy day fund isn't for waiting that out. A rainy day fund is so you aren't desperate enough to have to take a job that requires you to sign a non-compete like that in the first place.