Or other variations:
That tip comes from Atlantic reader and fiscal conservative Lori Miller, who offers a lot more advice in this email:
I read Neal Gabler’s article on the disturbing fact that so few American had even $400 cash to spare. Over the past few years, I’ve had around $8,000 in dental expenses from an accident and a few thousand dollars in house repairs. I had the cash to cover it, plus buy and move to a second home in another state. I sold my first house, paid off the second house and now have $75,000 in cash and another $150,000 in my retirement accounts.
I did this mostly on a secretary’s wage: I left home with $20 at age 18 and never had an inheritance, trust fund, large income or even an allowance as a kid. I’m now 47. I have always been single and have no other significant source of income besides my wages.
Good on Gabler for admitting to his mistakes and wanting to improve his situation. I can offer some tips for him and others like him.