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I'm in my late 20s and a nest egg is years away, but having a a basic emergency fund and financial safety net did wonders for my peace of mind. For those who h

I'm in my late 20s and a nest egg is years away, but having a a basic emergency fund and financial safety net did wonders for my peace of mind. For those who haven't done it yet, I think it's the most important financial goal to hit as early in your career as you can. Long-term disability insurance and life insurance are nice to have too. Patio11 has been preaching this [1] but it took me a while to really get it. The technical detail of "own occupation" is really important here. [1]: https://twitter.com/patio11/status/988094196274769920 https://twitter.com/patio11/status/988094196274769920

pickle-wizard 8y ago
Yes long term disability is a must have. I usually get it through my employer. When I was laid off last year I did have the option to continue the disability insurance, but it was a bit more expensive that what I was paying as an employee. IIRC it went from $50/month to $100/month. What is nice is that my new employer picks up the tab 100%, but it is only 60%. Usually in the past I would pay a bit extra to get 75%, but that is not an option. I've never thought about private disability insurance before, but it is something that I should look into.