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Sure. The advice is the same as it ever was: spend well below your means, build up a savings buffer (>= 6 months of expenses), eliminate debt ASAP. The advice i
by coldpie 4y ago
Sure. The advice is the same as it ever was: spend well below your means, build up a savings buffer (>= 6 months of expenses), eliminate debt ASAP. The advice is what it is, exactly for situations like the ones you're imagining. No need to put your life on hold.
- deleted 4y ago[deleted]
- SirMaster 4y ago"eliminate debt ASAP" This doesn't seem like the best advice IMO. Debt is like one of the best tools that exists to grow your wealth.
- coldpie 4y agoThat's fair. I'm viewing it from the perspective of how to protect one's self from sudden & possibly long-term job loss, where I think there's a lot of value in having one less thing hanging over your head during a stressful time. But building an even bigger buffer to further weather that period is a fine strategy, too.
- deleted 4y ago[deleted]