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Someone's listening now. How much money
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do you think they should at a minimum
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have saved?
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What are the odds that at some point in
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your life you're going to lose your job
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and not be able to find another job for
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6 months? The odds are not bad that that
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will happen to you at some point. Not
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very comfortable to think about. Maybe
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it's already happened to you already,
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but the odds that at some point that
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will happen are pretty good. And
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therefore, if you were to say like,
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look, a good measure of
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some level of higherend independence,
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not a low level of independence, but
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like a a medium level of independence is
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I could keep myself going for 6 months.
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Now, for a lot of people, that's a
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daunting task. And I it it's okay.
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You're probably not going to achieve
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that when you're 18. It might it's going
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to take some savings to get there. But
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that is a level at which you can exhale
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to a degree that most people have never
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been able to do before of like there's
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going to be some bad stuff happening in
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your life. It's going to be
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uncomfortable, but it's going to be
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okay. And for for for most people, for
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most of history, it was there's bad
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things going to happen to you, and
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you're not going to be okay. It's going
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to be very traumatic. And one of the
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important things there is when you lose
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that job, the ability to go find a good
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job, even a better job where you want,
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doing what you want, with the people who
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you like working with is very important.
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If you don't have any savings, you're
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going to have to by default pick the
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very first job that you can come across.
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even if it's a terrible job in a
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location that you hate, doing something
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you hate, working with people you don't
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like. And so the flexibility to give
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yourself time to find a job that is a
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little bit easier and better for you,
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that is the purpose of savings.