this post was submitted on 09 Sep 2024
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For the purpose of this question, the target age range is 20-30. Asking because I feel like I'm wasting my youth.

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[โ€“] [email protected] 3 points 1 week ago (1 children)

3-6 months is plenty. At the 6 months mark you take literally any job you can get and then keep looking for one that you want. The other site had a pretty good personal finance community. Their flowchart does a great job of summarizing things. https://i.imgur.com/lSoUQr2.jpeg

[โ€“] [email protected] 3 points 1 week ago

It might be plenty, depending on your emergency. But you never know when you might be asked to care for an ill family member, suffer a health setback yourself, or end up out of work in a soft labor market - which we are currently in. It's a risk based decision, but as price-to-earnings of potential investments is currently incredibly high (suggesting unrealistically high future return expectations), I would hedge on the side of more savings rather than earlier investment.