HOW MUCH MONEY SHOULD YOU SAVE?
The Diary Of A CEOยท2025-10-14 18:00
Financial Planning & Security - The industry emphasizes the importance of having savings to cover at least 6 months of living expenses as a measure of financial independence [2] - The industry suggests that job loss is a likely event, highlighting the need for an emergency fund [1][2] - Savings provide the flexibility to find a better job after a job loss, rather than being forced to accept the first available option [4][5] Impact of Insufficient Savings - Lack of savings can lead to accepting undesirable jobs due to financial constraints [4] - Without savings, individuals may face significant trauma during difficult times [3]