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Reply to "How much emergency fund cash do you have?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For our income and expenses we have an insufficient amount of cash, but I could get ahold of $100k-$200k without selling anything inside of 24 hours and in a true emergency a good $1m within 3-4 days. Should I still shoot for 6-8 months truly liquid?[/quote] Where would that money come from?[/quote] A few hundred on unsecured personal lines of credit. A few hundred from businesses I own (I prefer to keep them with more cash, but they would be fine if I pulled it) a few hundred from existing untapped lines of credit on investment properties (they would still cash flow even I maxed out the helocs) and I could also access margin accounts on my brokerage account and borrow from a cash value life insurance policy. I could get my hands on a few million more, but that would require selling investments.[/quote]
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