/biz/ - Business & Finance

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Anonymous Sat Jan 20 14:17:47 2018 No.6745973 [Reply] [Original]

>had to cash out 15% of my portfolio because of a very expensive emergency
How do normies have “emergency funds” when some unexpected expenses can lead to almost 30k?

>>	Anonymous Sat Jan 20 14:19:07 2018 No.6746021 they dont, they sell their crypto just like you did

>>	Anonymous Sat Jan 20 14:20:37 2018 No.6746084 They don't. Over 50% of Americans have less than $500 in savings. >muh debt This is the world we live in

>>	Anonymous Sat Jan 20 14:20:47 2018 No.6746090 normies also cash out to pay for shit the difference is that when you have a career, usually you are prepared with insurance and an emergency fund, so no need to cash out unless we're talking some 100,000$ medical surgery

>>	Anonymous Sat Jan 20 14:23:11 2018 No.6746191 >>6745973 1. The Bank 2. The Debt

>>	Anonymous Sat Jan 20 14:24:05 2018 No.6746232 wtf cost you $30k? house burn down?

>>	Anonymous Sat Jan 20 14:38:41 2018 No.6746791 >>6746232 Pipes froze while I was on a little vacation. Flooded the first floor

>>	Anonymous Sat Jan 20 14:39:42 2018 No.6746847 >>6746791 Did you turn off the heat like a dumbass?

>>	Anonymous Sat Jan 20 14:39:47 2018 No.6746851 >>6745973 >How do normies have “emergency funds” Pro-tip: 95% of them don't.

>>	ScandinaviaBrah !!MMwVgUrCHqf Sat Jan 20 14:41:05 2018 No.6746901 >>6745973 Im pretty rich so I have always have ~$6500 in a low interest bank account that I never spend unless its an emergency

>>	Anonymous Sat Jan 20 14:41:32 2018 No.6746931 >>6746847 I thought I was saving money. I didn’t realize heating a home had other purposes other than keeping me warm. A very expensive mistake

>>	Anonymous Sat Jan 20 14:41:32 2018 No.6746932 >>6746791 Doesn't insurance cover that?

>>	Anonymous Sat Jan 20 14:42:49 2018 No.6746976 >>6746932 I bought this house in October after I “made it”. I didn’t know about house insurance

>>	Anonymous Sat Jan 20 14:45:32 2018 No.6747083 https://www.marketwatch.com/story/nearly-half-dont-have-the-cash-to-pay-for-a-400-emergency-fed-survey-finds-2017-05-19

>>	Anonymous Sat Jan 20 14:47:38 2018 No.6747155 i typically keep around $75k uninvested in case i want to buy a new car or something

>>	Anonymous Sat Jan 20 14:49:49 2018 No.6747244 >>6746976 lmao you dumbass

>>	Anonymous Sat Jan 20 14:49:57 2018 No.6747252 >>6746901 Good for you fellow scandbro but why do you namefag in threads where it serves no purpose? Shame on you.

>>	Anonymous Sat Jan 20 14:50:58 2018 No.6747294 >>6747244 I know

>>	Anonymous Sat Jan 20 14:51:37 2018 No.6747321 >>6746901 Im poor as fuck and I have that much savings. t.Eastern Euro.

>>	ScandinaviaBrah !!MMwVgUrCHqf Sat Jan 20 14:58:14 2018 No.6747586 >>6747252 I need attention >>6747321 The difference is that its not 30% of my net worth

>>	Anonymous Sat Jan 20 14:58:18 2018 No.6747592 >>6745973 most people just file bankruptcy and never fully pay the emergency expense, silly.

>>	Anonymous Sat Jan 20 14:59:37 2018 No.6747642 >>6746976 >I didn’t know about house insurance I love seeing stuff like this happen to you guys. You all love talking about how smart you are and then reality hits. lol.

>>	Anonymous Sat Jan 20 15:00:28 2018 No.6747674 >>6746084 wtf muricans

>>	Anonymous Sat Jan 20 15:00:37 2018 No.6747681 I'm surprised OP even got a mortgage without proof of insurance. When I bought my place 10 years ago, pretty sure I needed it.

>>	Anonymous Sat Jan 20 15:10:32 2018 No.6748043 >>6747681 In america millions of mortgages are generated by big banks out of thin air just to stay solvent. The second collapse should be interesting.

>>	Anonymous Sat Jan 20 15:11:13 2018 No.6748070 >>6747642 >be NEET for over a decade >is surprised when I don’t know shit about real life >>>/r/eddit

>>	Anonymous Sat Jan 20 15:11:30 2018 No.6748083 >>6748043 thanks zerohedge

>>	aff219@gmail.com Sat Jan 20 15:12:07 2018 No.6748105 >>6745973 >How do normies have “emergency funds” when some unexpected expenses can lead to almost 30k? >>6746976 >I bought this house in October after I “made it”. I didn’t know about house insurance Congrats on having a lower IQ than normies.

>>	Anonymous Sat Jan 20 15:13:27 2018 No.6748166 >>6745973 >How do normies have “emergency funds” when some unexpected expenses can lead to almost 30k? >>6746976 >I bought this house in October after I “made it”. I didn’t know about house insurance Congrats on having a lower IQ than normies.

>>	Anonymous Sat Jan 20 15:13:42 2018 No.6748179 If it's medical, you don't pay then negotiate a different repayment amount. Hospitals increase billings specifically to what insurance companies will pay out and are happy to get something back from you rather than get nothing.

>>	Anonymous Sat Jan 20 15:14:33 2018 No.6748219 >>6746976 hahahha holy fuck anon house insurance is like $15/month and covers basically anything for a $700-$1000 fee

>>	Anonymous Sat Jan 20 15:15:43 2018 No.6748273 >>6748166 See >>6748070 /r/eddit

>>	Anonymous Sat Jan 20 15:15:48 2018 No.6748274 >>6747586 Even if it was 1% of your net worth... Its still not considered to be "pretty rich"

>>	Anonymous Sat Jan 20 15:21:36 2018 No.6748499 >>6746901 >6500 in savings >pretty rich AHAHAHAHAHAHAH and hes a fucking tripfag ahahhaah oh my fucking lord

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