I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

  • Spaceinv8er@sh.itjust.works
    3·
    1 month ago

    I have enough in my emergency fund that if I lost my job I’d be ok for about a year.

    I’m nearly to my goal, after that I’m going to change my focus to expanding my portfolio.

    Still no way I can buy a house though. Need to make about 3x more money for that to happen.

    I credit it to having a property owner that’s kept rent cheap and having low overhead, and being frugal borderline cheap.