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[quote=Anonymous]I always keep at least $150,000 despite the fact that my expenses are like $3,000/month. About 10 years ago, when I first bought my house, I embarked on an expensive renovation that went over budget. I hadn’t planned on the fact that since I now had a nice house, I also wanted nice furniture, which cost a lot more than I anticipated. I ended up burning through what I thought was a lot of cash and having to borrow money from my parents. After that, I never want to go even close to the edge. Cash is like oxygen – you only have to be short once to realize how important it is.[/quote]
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