2 ms·
Yeah, that's closer to my understanding as well. Not necessarily retirement but a few years of runway perhaps. The 6-12 months thing I've always seen being call
by scorpioxy 2y ago
Yeah, that's closer to my understanding as well. Not necessarily retirement but a few years of runway perhaps. The 6-12 months thing I've always seen being called an "emergency fund" which in turn is different to your savings which may not be liquid.
- ryandrake 2y agoYes, AND if you're using your emergency fund then you should be in an emergency mindset, not chilling out surfing in Bali.
- scorpioxy 2y agoSure, I wouldn't advise taking any expensive vacations or anything of that nature. But what caught my attention were the terms "pants-on-fire emergency" and "I would be interviewing 24/7". I mean I get it would be a stressful situation and may cause anxiety or panic but having those strong emotions could also lead you to end up working in a bad workplace which would make your mental health even worse. I am not judging, but those words just left me wondering what am I missing. And this is speaking as someone with a family to support. I agree with the zen masters description though. I wouldn't be so zen about it either.
- bdangubic 2y agoThere is a HUGE difference between emergency fund and FU$ If my lifestyle currently is: - summer vacay in Bali - two ski trips, one US, one in the Alps - eating out once per week - daily Starbucks - … FU$ means I continue doing EXACTLY this, for 6/12/18 months. Emergency fund would be I cut down all my expenses to a bare minimum until I find new source of income. Can’t say FU if I can’t go to Bali (I love Bali :) )