Keep cash reserves for emergencies like job loss or family crises. Without a financial buffer, you lose sleep worrying about bills and mortgages. Money set aside reduces stress and protects your retirement.
Let's talk about the importance of actually having some money in the bank account and the reason why that's critical. You know, sometimes in life, things happen which is outside of our control. Stuff happens with family, stuff happens at work, stuff happens in the economy, and we need to be able to ride through the lumps and bumps along the way. And what we don't want to have happen is that we don't want to have those sleepless nights around money, having that constant stress, that constant worry about how we're going to pay the bills or pay the mortgage, or even more importantly, What is your financial future actually going to look like? And are you going to have enough in retirement? So having some money in the bank account, some buffers in place so that you can put your head on the pillow at night and just rest easy is absolutely everything.
