This is why I think the 3-6 month emergency fund is not enough, but a starting point. We were lucky in 2008, my DW at a mega corp had to take a 15% pay cut, but that was it. This story gave me a flash back to 2006/2007 when I was watching the Oprah show. All I remember was they were talking about retirement saving and there was a woman from the audience who looked liked she was in her mid 50's who was a real estate agent, stood up and said she didn't have much in savings but the market was so good she wasn't worry and she would spend a couple hundred every week or two on her hair. I remember Oprah saying to her that her "hair did look really good". I always wondering what happened to that woman after the housing market crashed.
Statistics: Posted by ROIGuy — Tue Jan 13, 2026 10:06 am — Replies 857 — Views 182165