Six months is not enough. Not even close. Most everything in our lives is cyclical. So there are always bad times ahead. Very few people in the world today have true security. One major medical, a lawsuit, disability...you better have more than six months. Every few years it seems we have a big downturn somewhere and people start trouping thru my office with tales of despair. Back in 2008 people were losing their jobs and their businesses at a rate I never thought I would see. Homes were being lost. I carried a lot of old friends on my books for years. Mostly because they did not follow advice. That advice was to only buy what you had cash for. Borrow money to buy your home, never borrow against your home for anything else. 15 year mortgage as soon as you can swing it, it is not that much more per month than a 30 and the term savings are crazy high. If you are self employed, have more than one source of income. If you work a job, have a back door in case you lose it. And don't delude yourself that the money in the bank belongs to you if you are carrying around a big credit card debt. The answer to your question if you are sitting across the desk from me? There is no such thing as too much money in the bank or brokerage account AND too little debt.
Dave H (MI CPA)...first free advice of the season! :)
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.