I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.
What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?
For the extra brave ones: how much savings do you have, and what are you planning to do with them?
Wow, you make $200k/yr and only have $15k in savings? Not that $15k is a bad amount to have for the average person, but it just sounds so unbelievably low for your very high income. I mean, I knew the cost of living in California was wild but I didn’t realize it was that out of control.