1. xrayvsn on June 23, 2018 at 12:42 pm

    An emergency fund is definitely a great safety blanket that allows you to weather life’s unexpected obstacles without derailing your finances. At a certain level it becomes less and less critical. After getting to a critical mass in my passive income streams, becoming debt free, etc. I have de-prioritized having an emergency fund. I have disability insurance that would more than meet my living expenses if something happened. I currently have a savings account where I do funnel money that I plan for investing (been doing syndicated real estate deals) which typically require a large initial investment ($50k minimum). So I leave the money there which can act as a temporary emergency fund and then deploy it whenever another investment opportunity arises. If a true emergency happened after I depleted this fund, I could put it all on credit cards and pay off the balance in a month (i.e. interest free cash loan).

    • Financial Wellness DVM on June 23, 2018 at 4:17 pm

      As time goes on and assets accumulate, it’s definitely nice to fall back on other sources of cash in case of emergencies! We’re also getting to a point where we could cut back and feel secure enough to cover any emergencies that come our way. How are the syndicated real estate deals going? Real estate is definitely an avenue of investing that I haven’t explored yet….but I’m getting more interested as time goes on!

      • xrayvsn on June 23, 2018 at 4:39 pm

        I’m a big fan of the syndicated real estate deals. Since last may I have been investing all my non retirement fund money into them. I actually have a couple of posts coming on my blog describing some of it but I mainly go through one syndicator (37th parallel) who has just started advertising on my blog. Have had a great experience with them and the passive income I get from them is more than if I invested in index funds

        • Financial Wellness DVM on June 24, 2018 at 8:56 am

          That will be an interesting read! Thanks for sharing!

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