Download now Free registration required
An emergency fund isn't just for lower-income people who live paycheck to paycheck - many high earners live close to or beyond their means, maxed out on credit card debt and with large mortgage payments or other obligations. Even if you have a high net worth, your assets may be locked up in illiquid investments. When high earners must seek new employment, the search usually takes longer, and the next job could be at lower pay; an emergency fund can help smooth that transition. And even insurance payouts for whatever calamity arises may take a month or more to reach you.
- Format: HTML
- Size: 0 KB