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Cash is king? I disagree. I'm relatively young (29) for what I have and I never have held a lot of cash in a bank account and I have $15 bucks on me right now. My retirement funds are all in the stock market, and any extra cash I get goes straight into my mortgage. In 3 years I've been able to pay my mortgage half down, which allowed me to refinance and save $1000 a month in interest, which allowed me to buy my v10 R8 NEW. What happens in an emergency you say? That's why I opened up a HELOC which is just as good as cash. I can write a check, get money from the bank as if it's a very large savings account, if I ever need it in an emergency! Pay off your debt first, save your cash later. Credit is just as good as cash in an emergency, and your money sitting in the bank is losing value!
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