Are you maxing out your 401k because it's genuinely the best use of that money?
Or are you doing it because everyone told you to and you never questioned it?
The wealthy question everything.
Are you maxing out your 401k because it's genuinely the best use of that money?
Or are you doing it because everyone told you to and you never questioned it?
The wealthy question everything.
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Your 401k contribution is not savings until you know what it is actually invested in. Sitting in a money market fund earning two percent is not retirement planning.
Three income streams and no emergency fund is not financial sophistication. It is complexity without a floor.
An emergency fund that covers one month of fixed expenses is not a buffer. It is a delay.
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Your emergency fund would not cover six weeks of fixed expenses. That is not a safety net. That is a delay.
You have a Costco membership and a negative savings rate. One of those is doing more damage than the other.
Your emergency fund covers one month of expenses. One medical bill dismantles that completely.
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