"Emergency funds are for retards." Coli Poster

[Sad Bunny]

How do yall feel about this?

You don't need an emergency fund. Put that into investments and if you need it just withdraw the money. 401k ain't that important. Match whatever your company allows and not a dollar more or less. You'll invest better than the limited mutual funds your company offers.

No you don't. Maybe 20 years ago but today you can get your money in a day or 2. Emergency funds are for retards.

Just 39% of Americans could pay for a $1,000 emergency expense


https://www.cnbc.com/2021/01/11/jus...s-could-pay-for-a-1000-emergency-expense.html

Some 40% of Americans would struggle to come up with $400 for an unexpected expense.

https://www.cnbc.com/2019/07/20/her...ans-cant-handle-a-400-unexpected-expense.html

 

[AsTheWorldBurns]

Who said this? Stop being scary and quote em.

 

[Kyle C. Barker]

Need to see the original post

 

[The BasedFather]

Who said this? Stop being scary and quote em.

 

[JoseLuisGotcha]

Who said this? Stop being scary and quote em.

Need to see the original post for context

 

[Sad Bunny]

Who said this? Stop being scary and quote em.

If you are a grown man saying "scary" I feel sorry for you.

I'm driving I had to find the post. Calm down.

 

[Kyle C. Barker]

@Gator Reloaded he's right.

Breh also has a brokerage account

 

[Sad Bunny]

@Gator Reloaded he's right.

Breh also has a brokerage account

I disagree people are eagerly awaiting their tax refund and stimulus checks but now they don't need an emergency savings account?

 

[Luck]

He has a very valid point moron

if you have a retirement account you can loan yourself money at any given time for whatever

 

[Standing on business]

I disagree people are eagerly awaiting their tax refund and stimulus checks but now they don't need an emergency savings account?

He’s not speaking for that audience

 

[Sad Bunny]

He has a very valid point moron

if you have a retirement account you can loan yourself money at any given time for whatever

401K loans Are For Broke people

Taking money from your retirement account is hustling backwards

 

[Kyle C. Barker]

I disagree people are eagerly awaiting their tax refund and stimulus checks but now they don't need an emergency savings account?

Obviously he's not waiting for a tax return since he has enough disposable income to invest.

And what exactly are you doing with your money? Leave it inside of a bank to accrue interest that is lower than inflation?

 

[Sad Bunny]

He’s not speaking for that audience

He didn't specify who he was talking about and the person literally was asking if they should use a 401k or invest in single stocks so I'm pretty sure you shouldn't be telling the person who doesn't even know that to not have an emergency fund LOL

 

[Luck]

401K loans Are For Broke people

Taking money from your retirement account is hustling backwards

where is that in the statement you quoting clown shoes...?

And you “loan” yourself the money and pay yourself interest at no cost. If you’re in an emergency, I doubt you’ll care where the money comes from but at least your “emergency” fund is making you money.

Either way, you’re a coli clout chasing bozo

 

[Kyle C. Barker]

He didn't specify who he was talking about and the person literally was asking if they should use a 401k or invest in single stocks so I'm pretty sure you shouldn't be telling the person who doesn't even know that to not have an emergency fund LOL

He's talking about things you don't know about and you don't even realize it.

The big clue was that he mentioned that you can withdraw your funds in two days. He obviously has a brokerage account that he invests in.