Quote:
Originally Posted by disneysteve
I think that is more true when you are just starting out and probably don't have much in savings. As you get older, though, if you consistently live below your means and save diligently, you will have a much larger cushion to carry you through any rough spots.
My wife and I are both 44. We have savings equal to over 3 times our annual income (and probably 5 times our annual expenses). I certainly wouldn't want to burn through a lot of that money if I became unemployed, but it would be there if absolutely necessary. I certainly couldn't say the same thing 15 years ago when I was just starting out.
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That's outstanding. I wanna be like you
