Comment by ychnd
20 hours ago
That's... Financially irresponsible. You build your cushion in non-depreciating assets. If you are approaching situation where you would desperately need cash, you prepare for in some way different from buying luxurious suvs.
There are some situations that can wipe your savings - even large ones - really quickly (e.g. cancer).
Wouldn't healthcare cover a large portion of these kinds of expenses? At least they do in quite a few parts of the world.
Not sure why you're being downvoted. Most parts of the world yes. Somehow in the US, no. My sister had cancer for 7 years and I think I probably paid close to $50k on her treatments because the treatments her insurance covered weren't sufficient so we had to take her to an out of network clinic (Mayo).
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