Originally Posted by
Trip7
Excellent point. Personally while I'm not Jewish I do subscribe to the philosophy from the Talmud text of "Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve."
So for me:
33% in emergency fund
33% in Real Estate (Syndications/Partnerships)
33% in Net Net and Deep Value Equities around the globe
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How much do you have in an emergency fund? That’s a big chunk of change just sitting around especially if you’ve been adding to it for years.