I have $20K in liquid money's. When will I start to feel safe? $100K? $1M?
>>62643910For me it was 80k before I felt comfortable putting my money in investments.80k affords me at least a year to not work if I lose my job.
>>62643910We're in the early stages of a third world war. A second Great Depression is on the horizon and probably will be kicking off before 2030. A wave of revolutions is not out of the question. No amount of money is going to make anybody feel safe.
>>62643910No no no. The more money you have, the more danger you will feel.
>>62643910I have around 35k but I still live with my parents. That money (and the money I' still gonna save) is all going into buying a house so it literally means nothing to me. I don't even feel good about it. If I had 20k with a paid house and car I'd be in Heaven.
>>62643910feel safe about what?
>>62643957>If I had 20k with a paid house and car I'd be in Heaven.But everything under Heaven is in utter chaos; the situation is not excellent
>>62643960Life and my place in it
>>62643910>$20kThat's a decent emergency fund. Now you need to start working on your "fuck-you" fund (1 year living expenses). Once you get that socked away you can start working on building enough wealth to walk away from work forever ($3m-$5m in current dollars).
>>62643910In a bull market the only safe amount of fiat to hold is 0
>>62643910Precisely never anon. Quite literally never. 8k per month is considered middle class in USA now, no I’m not kidding google it. 101k per year for a single adult is the baseline now. So you are 5x off currently
>>62643934Glory to Mao Glory to our ancestors heil Hitler
>>62643957That’s basically where I am and it feels like I fucked up paying off the house instead of investing
