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Bravo. Good on you for taking the leap. It's a tough decision to make, when the getting is good, to step away from all that good getting. The temptation is s
by jasonkester 13y ago
Bravo. Good on you for taking the leap.
It's a tough decision to make, when the getting is good, to step away from all that good getting. The temptation is so strong to just let it ride a bit longer and build up the stack. Especially when you have a family, house, etc. that might really appreciate having a nice pile of cash in reserve one day.
The problem is, the longer you leave it, the bigger the pile you "need" becomes. One year's expenses isn't enough anymore; It should be one year's worth of your current earnings. No, maybe three years of earnings 'cause you never know. Or come to think of it, maybe I should pay off the mortgage, then sock away those 3 years of reserves.
A lot of guys never step back and say enough. Hats off to you for doing so!