Wow! Thanks for warm welcome and all the interesting chat. Here are a few thoughts.
@JGS1980 @TempusFugit All good thoughts you offer about self-insuring, major (10k and larger) bills, and of course different strokes for different folks.
For our personal situation we keep 10k in cash in the bank in checking. Riddle me that one batman, its a very small percentage of our nest egg, and while there are opportunity costs ($120/year I think), it's the tolerable level of peace of mind that myself and husband have agreed to. Financial vision is one thing we both think we do well and this was one big agreement that has helped us be comfortable, wise, and aggressive when it made sense.
@Much Fishing to Do agreed! there are other reasons, many and varied why you might want good credit.
For us, we anticipate buying another house and moving at least once if not twice more and we anticipate taking out a loan to do it.
Of course depending on market rates and our personal situation and timing. I also like the power that my emergency, we like to call it opportunity, fund affords.
@on the road thank you! We're pretty excited. Also I'm jazzed to find this community where I can finally talk about finances.
one thing I'm pledging to do is invite conversation with new employees at my company when I meet them for that first handshake (or COIVD appropriate introduction).
I want to say, welcome, great to met you are you investing your money? do you want to talk about it? stop by my cubicle/office/penthouse anytime. ;)
I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors.
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?
Cheers all, ~catbend