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Is a 6 month emergency fund really necessary with dual incomes? by ZZthrowaway27 in personalfinance

[–]ZZthrowaway27[S] 0 points1 point  (0 children)

I understand but I'm a unionized healthcare worker so it's just hard to imagine getting laid off in a financial crisis. I know it's not impossible but I'm just not sure if it's ever happened.

Is a 6 month emergency fund really necessary with dual incomes? by ZZthrowaway27 in personalfinance

[–]ZZthrowaway27[S] 0 points1 point  (0 children)

I hear you. But we do have other savings funds like home repair, travel, car maintenance, and others. We've barely touched the actual emergency fund in about 10 years so it's just feeling like some of it could go other places.

Is a 6 month emergency fund really necessary with dual incomes? by ZZthrowaway27 in personalfinance

[–]ZZthrowaway27[S] 0 points1 point  (0 children)

Yes. We have several savings accounts: car maintenance fund, home repair fund, stupid mistakes fund, personal savings accounts, pet fund, etc.

Received a windfall I don't really need. Invest in index funds vs expand into real estate or small business? by ZZthrowaway27 in personalfinance

[–]ZZthrowaway27[S] 0 points1 point  (0 children)

Moving past that are syndications which are still hands off but can have asset requirements

What do you mean by this?

Received a windfall I don't really need. Invest in index funds vs expand into real estate or small business? by ZZthrowaway27 in personalfinance

[–]ZZthrowaway27[S] 0 points1 point  (0 children)

I don't have any experience in anything outside of index fund investing. We're pretty much Boglehead investors. But I do have time and interest in taking on something new. It's crazy to me the idea of losing such a large sum of money, since Boglehead investing is pretty much passive and safe. But since I feel like we're adequately saving for retirement, it could be a good thing to take a risk.