GasX
Lifer
- Feb 8, 2001
- 29,033
- 6
- 81
because you should maintain a cash savings of AT LEAST 3 months worth of paychecks in case you are suddenly out of work prior to putting money into long term investments.Originally posted by: kd2777
Better yet, save it until you have 3 months wages in a bank account, then start investing.
I don't understand this principle, I only took 4 finance courses but does the rules of TVM (time value money) say the sooner you start investing the better? So why wait three months?
