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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (2368)	8/5/1998 11:23:00 AM
From: John Mansfield	Respond to of 9818

'"1. Accumulate a cash reserve equal to a month or two's ordinary expenses. If you start now, you can do this over the next year without calling attention to yourself through unusual withdrawals. I suggest holding the reserve in the form of small bills plus some coins." He is a Professor of Finance, and teaches a course on personal finance. Presumably, he knows that Americans on average save less than 5% of their income. So, to recommend getting cash for two month's expenses is to recommend at least 95% of their income. They would have to dip into their savings. ... garynorth.com