Managing your life is about balancing risk. Having 6 months in an emergency fund is golden when (not if) you get laid off or something bad happens like a car w

Managing your life is about balancing risk. Having 6 months in an emergency fund is golden when (not if) you get laid off or something bad happens like a car wreck or illness or whatever. During the course of your career, it will likely happen. When it does, not having monetary worry be part of it is golden. You can also broaden your opportunities by paying off your house and not borrowing to pay for depreciating assets (cars and other things with wheels or propellers). Getting burned out and want to take some time off? It's a lot easier if you are not having to make a big debt payment or rent payment each month.