4 ms·
Holy shit, seems like bad personal finance. I never consider stock in my budget, how did this come to be?
by mathgladiator 4y ago
Holy shit, seems like bad personal finance. I never consider stock in my budget, how did this come to be?
- jpollock 4y agoPeople really want a house, and the banks allow it.
- twblalock 4y agoIf you have enough emergency savings then it can make sense, particularly when the majority of your income comes from stock. I'm talking about enough savings to live for a year or two even if you lose your job and your company's stock goes to zero. At really high incomes, especially with stock vesting only a few times a year rather than every month, you can operate more like a business than a month-to-month budgeter. Keep enough cash on hand to smooth out the spikes in income. If your income is high enough to do this, you won't have a problem building the initial cushion. What's irresponsible is living off your stock when you don't have that emergency fund.