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Personally, I agree with you. I've always kept a sizable emergency fund, something that everybody should do. But I've had someone tell me with a straight face h
by wpietri 4y ago
Personally, I agree with you. I've always kept a sizable emergency fund, something that everybody should do. But I've had someone tell me with a straight face how they're living paycheck to paycheck because their household income is barely $500k/year. So I think there are some people who may be in for a rude lesson in how emergency funds can really help in emergencies.
- sneak 4y agoAnyone making $500k/year who doesn't know this: a) needs this lesson b) will also be totally fine when they experience the hardship of learning it I am having trouble finding sympathy for someone wealthy with no savings who is suddenly going to get some late marks on their credit report (who won't miss any meals and will remain wealthy). Let them learn.
- ellisv 4y agoIf your company didn’t pay you, would you work there? For how long? It’s not necessarily about the finances of the employees, it’s about the finances of the startups.
- markdown 4y agoAny employee who left after our bank screwed us, despite knowing they'd get paid within a week, is a person I wouldn't anywhere near my business anyway. > It’s not necessarily about the finances of the employees, it’s about the finances of the startups. This has nothing to do with that. This has nothing to do with the employer. They got screwed by their bank.