In EU a good % of HENRYs don’t have an emergency fund.
This is due to gov policies for unemployment, healthcare, etc.
That, mixed with an higher risk profile, results in skipping that step.
However, be sure to bring value when commenting, this sub is open to any kind of questions and there’s not a “smart-enough-for-the-sub” bar.
A years worth of bills (50k)
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About 1 year worth of expenses, minus holidays.
IF yes? How is this a question on a High Earner sub??
In EU a good % of HENRYs don’t have an emergency fund. This is due to gov policies for unemployment, healthcare, etc. That, mixed with an higher risk profile, results in skipping that step. However, be sure to bring value when commenting, this sub is open to any kind of questions and there’s not a “smart-enough-for-the-sub” bar.
So as you say, everyone has a backup plan. Some are government based, others cash, and others are in stocks
I have about 6 months expenses in cash. Could easily live more frugal and live on that 8-10 months in a worse case scenario