Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not.
Barry Ritholtz
Related If you are worried about job security and do not have an adequate emergency fund (ideally eight mont... SUZE ORMAN There are two things that you need to save for. First, you need an emergency cushion of no fewer tha... JEAN CHATZKY You worry about the six years, not so much about the first month or the two months of the season rig... BRYAN COLANGELO It is all very well planning what you will do in six months, what you will do in a year, but it’s ... HILARY MANTEL Four months is a lot of living with that little life in you-thinking about it, eating right for it, ... CHRISTIE BRINKLEY They said it's perfectly curable and I should be fine in six months. It's tough timing for the playo... TOMAS VOKOUN You should know I disagree with a lot of traditional advice. For instance, they say the best revenge... MINDY KALING No one should let yesterday use up too much of today. Easy to say, hard to live. ANDREA HAIRSTON You don't decide to build a church because you have money in the bank. You build because God says th... JIM BAKKER I am not surprised Santander wants to expand in the UK. The Spanish bank is moving like a freight tr... BRUNO DUARTE Don't waste time thinking about what others should do, but focus thinking about what you can do. JIM GENOVESE You're just as dead if you die in the hospital waiting for a drug that should have been approved six... JAMES GREENWOOD In the future we probably won't tour as many months out of the year. You start thinking about all th... TOM HAMILTON But don't just slap $10,000 of miscellaneous expenses on your return. You need to explain that you w... JACKIE PERLMAN has talked about well-intentioned reform but has not delivered it. TIMOTHY J. ROEMER Six months ago, I wasn't thinking about a transplant. JAMES PASCOE May I never neither turn left nor turn right in my journey of life, but may I go straight to Christ ... ERNEST AGYEMANG YEBOAH My goal is to be able to provide for myself and not have to worry about the daily expenses. I do wan... JENN PROSKE To get over the past, you first have to accept that the past is over. No matter how many times you r... MANDY HALE These children have been through so much in the last six months. They need to be helped through this... JASMINE WHITBREAD Well, it's not full time - my dancers are only paid for six months of the year in two three-mont... SIOBHAN DAVIES Part of every misery is, so to speak, the misery's shadow or reflection: the fact that you don't mer... C.S. LEWIS Part of every misery is, so to speak, the misery's shadow or reflection: the fact that you don't m... C. S. LEWIS Have you tried to book a vacation around the holidays lately? You have to do it six months in advanc... IRWIN COHEN The fear of God is the only cure for the fear of people. CRAIG GROESCHEL This is an expensive way to live. You have two homes, travel expenses--even if you are making a fair... JAY LEBOW My mother refused to let me fail. So I insisted. WALKER PERCY You cannot definitely plan for financial emergencies, but you know that you will have financial emer... EILEEN DORSEY If we don't go into any more debt this year, we may not have to dip into the fund balance. The next ... BARBARA WOODALL That's really sad," Beth said softly, "To have no one left. R.J. SCOTT You can carry paintings around under your arms for six months and not sell one; or, if you do, you g... LARRY ASHKIE The wonderful thing about Food for Thought is that it lets you keep your hand in theater and be in f... TREAT WILLIAMS Some of the buildings did not have walls in between and the cafeteria was not open. We ate in our cl... KATHY KLEINMANN I said, to be a New Yorker you have to live here for six months, and if at the end of the six months... ED KOCH I said, to be a New Yorker you have to live here for six months, and if at the end of the six months... ED KOCH Exploiting the victims of Hurricane Katrina for political cash is a disgrace, and Sen. Clinton shoul... BRIAN NICK Gold equities have been under pressure for a couple of weeks now, along with the rest of the market.... BARROS CONTI Gold equities have been under pressure for a couple of weeks now, along with the rest of the market.... AMAURY DE BARROS CONTI Six months isn't such a long time. That's how long it's been since I came to see you in May, but the... SIRI HUSTVEDT Whenever you have a situation where inflation is not a material risk and the economy is underperform... AVERY SHENFELD IF YOU CAN'T THANK GOD FOR WHAT YOU HAVE, THANK HIM FOR WHAT YOU HAVE ESCAPED! NOT SURE A conservative is a liberal who just got mugged and a liberal is a conservative who just got arreste... NOT SURE If you are constantly looking in the rear view mirror, how will you ever see what is in front of you... NOT SURE Sure I do, and if someone paid you six-thousand dollars a game, you'd have fun as well. PETE ROSE What the attorney general is trying to do here is well intentioned. But this is only addressing part... CORY DAVIES I don't know if I have a favorite color. KATE MIDDLETON It's very special having a new little girl. KATE MIDDLETON Part of every misery is, so to speak, the misery's shadow or reflection: the fact that you don... C. S. LEWIS If you have depression and you're 45, waiting six months may have some impact, but it won't likely h... DR. NONI MACDONALD From the Kindle Book Reflections in the Mirror of Life: “In a slum somewhere in India As... THE PROPHET OF LIFE We should start to see some recovery. But I'm looking for very high volatility for the next three to... JOHN MOON You've got plenty of time to do a lot of thinking, believe me. Probably for the most part, you're th... DENNIS HALL If you wait to do everything until you're sure it's right, you'll probably never do much of anything... WIN BORDEN You really want to make sure that you have fun, at the end of the day. If it's not fun, what'... AYELET ZURER O'Brien is well-connected and probably knows what the thinking in Rome is, ... Officially, he's not ... JAMES HITCHCOCK Do you know your Bible?' 'Uh, not very well.' 'It merits study, it contains very practical... ROBERT A. HEINLEIN The work you do while you procrastinate is probably the work you should be doing for the rest of you... JESSICA HISCHE I'm not thinking about Barry right now. I've answered those questions. HANK AARON Three to six months' worth of savings for living expenses is the minimum every household should have... ALAN KOPIT The answer isn't more time but a greater awareness of the time we have. CRAIG GROESCHEL I hope to have a beta out in the next six months. Right now, you need someone who is reasonably well... HANY FARID Don't waste so much time thinking about how much you weigh. There is no more mind-numbing, borin... MERYL STREEP Living on campus is not just about a convenient commute to work. My residence at The George Washingt... MARK LEVINE If you cannot peacefully coexist with many different cultures and beliefs, then you should probably ... STEVEN MAGEE Nicolas Cage is the best for taking the role of character Joker. He is pretty damn good at jokes! DEYTH BANGER I know it's difficult for him. I'm sure he's thinking about it every second. But he's got a job to d... BEN CRENSHAW The austerity program ... slowed bank loans and undermined the cash flows of weak developers. Howeve... DONG TAO But wait, how much do you have to think before you have finished thinking? JONAS JONASSON The fact is that in order to do anything in this world worth doing, we must not stand shivering on t... SYDNEY SMITH I'm not sure what they will do. But I know they have been thinking about it, too. DEVIN TAYLOR I’m sure when you run it through the interweb just now, or if you are from a military ship, throug... CHRISTINA ENGELA We're not going to shoot skyward from here; we're going to creep, ... six months or so from now, we'... JOHN FORELLI Easing back in her seat, Grace watched the children in the playground opposite, coats off, faces flu... KATHLEEN TESSARO That's probably a problem for the next six months to a year. CATHERINE ELDER When you live in the present, the past is forgotten & the future takes care of itself. MANDY HALE Prices should be stable for the next six months. KAREN RYAN Integrity is not everything, but it is the only thing that matters. JEFFREY FRY I hate housework! You make the beds, you do the dishes -- and six months later you have to start all... JOAN RIVERS I hate housework! You make the beds, you do the dishes and six months later you have to start all ov... JOAN RIVERS There is a question mark over May. The Bank of England is overly optimistic on their forecasts so th... BRIAN HILLIARD Our assumption is that the U.S. economy will continue to improve, at least gradually, but technology... JEFF HENLEY People do need to think about all these five food groups every day. When you neglect one of these fo... ELISA SHACKELTON But it is the mark of all movements, however well-intentioned, that their pioneers tend, by much las... DOROTHY L. SAYERS One thing that was amazing about World War II was that everybody signed up for the duration plus six... TOM HANKS It was magical to be able to explore the young Johnny Cash and his music. But you worry about people... JOAQUIN PHOENIX I'm the biggest fighter in the history of the sport. If you don't believe it, check the cash... MIKE TYSON When you live with another person for 50 years, all of your memories are invested in that person, li... FEDERICO FELLINI (All the grief she had suffered over her lifetime had moulded her face into a mask of eternal sadnes... JEAN SASSON Did you know that the average American spends six months of his or her life waiting for red lights t... MEGAN MCCAFFERTY Beautify your breath – beautify your life. AMIT RAY Three hundred words in a day is not a lot. So much of it is thinking before writing. And then there&... HOLLY BLACK Long-time viewing of Internet violence tend to change a person's temperament, making the person pron... YOU QUANXI If positive and healthy materials are absent, negative materials are sure to be dominant in the cybe... YOU QUANXI In a robust global business environment, our business units operated well in the first quarter. More... HARRY YOU The Board of Directors and I are pleased to recognize Peter's outstanding contribution to the succes... HARRY YOU We are pleased to close the books on 2004 following the painstaking review of almost five years of f... HARRY YOU Mindfulness is observing the beauty of every moment unfolding before us. AMIT RAY [The six-week program takes place at Hendrix College in Conway and is designed to make the students ... LINDA MOORE Juan not only achieved his flight instructor rating but also had an advanced instrument instructor r... RON GATEWOOD It's so screwed up, the standards...You should like it, but you shouldn't like it too much or talk a... KODY KEPLINGER
More Barry Ritholtz
Shopmas now begins on Thanksgiving Day. Apparently, escaping the families you cannot stand to spend ... BARRY RITHOLTZ Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smar... BARRY RITHOLTZ The simple reality of life is that everyone is wrong on a regular basis. By confronting these inevit... BARRY RITHOLTZ History is replete with examples of tech firms that were marginalized by new companies and technolog... BARRY RITHOLTZ A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees. BARRY RITHOLTZ Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. ... BARRY RITHOLTZ Rather than engage in the sort of selective retention that so many investors tend to do and pretend ... BARRY RITHOLTZ You can blow on the dice all you want, but whether they come up 'seven' is still a function ... 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BARRY RITHOLTZ Often, investors will discover a manager after he's had a terrific run, usually when he lands on... BARRY RITHOLTZ I credit Google for having the foresight to identify threats to its main business of selling adverti... BARRY RITHOLTZ In social media, people cannot build big followings organically unless what they are putting out to ... BARRY RITHOLTZ Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their inv... BARRY RITHOLTZ Any Wall Street advertising that does not go into the boring details of methodology is most likely t... BARRY RITHOLTZ You have a natural tendency to want an emotionally satisfying tale - and to make investments based o... BARRY RITHOLTZ Mutual fund managers want your money in their funds. They get paid based on assets under management. BARRY RITHOLTZ Yearly data put the rest of the noise into perspective. Most of the weekly or monthly random up-and-... 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BARRY RITHOLTZ If I am going to trash others for their dumb predictions, I must at least hold myself to the same so... BARRY RITHOLTZ One thing I detest most about the financial press is the lack of accountability. All sorts of nonsen... BARRY RITHOLTZ Active management leads to lots of poor investor behavior. It sends people chasing after whoever has... BARRY RITHOLTZ You, your employer and your plan's investment managers fail to follow even the most basic rules ... BARRY RITHOLTZ TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial ... BARRY RITHOLTZ Anyone can make an article longer; the skill is keeping it tight and lean. BARRY RITHOLTZ Once you research an idea, you begin to develop a perspective. Writing about anything in public, oft... BARRY RITHOLTZ Secular cycles are the long periods - as long as decades - that come to define each market era. Thes... 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BARRY RITHOLTZ Narrative drives most of economics. Everything seems to be part of a story, and how that story is to... BARRY RITHOLTZ Asset managers have different approaches, and I don't wish to suggest there is only one way to r... BARRY RITHOLTZ Truth be told, most financial television bores me. Two or more people discussing the latest economic... BARRY RITHOLTZ If you have read me for any length of time, you know I am less than enthralled with much of what pas... BARRY RITHOLTZ A hedge fund manager whose clients demand monthly performance reports has different needs than any i... BARRY RITHOLTZ When you buy anything with lots of leverage, it does not require a whole lot to go wrong to lose it ... BARRY RITHOLTZ Salesmen always need something to sell. BARRY RITHOLTZ Most of Google's home technologies have failed to catch on in a major way. BARRY RITHOLTZ I have been a member of the Microsoft-bashing society for quite some time. 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BARRY RITHOLTZ Twitter has become a group conversation of that type that used to take place on trading floors. BARRY RITHOLTZ BARRY BARRY BARRY Sometimes, how you ingest this idea of masculinity as projected onto you by the world could be the d... BARRY JENKINS No one could understand the bond between me and my brother. I struggled to understand the forces tha... BARRY WHITE What is new is that environmentalism intensely illuminates the need to confront the corporate domain... BARRY COMMONER After all, despite the economic advantage to firms that employed child labor, it was in the social i... BARRY COMMONER I am about as detailed as a shadow. LYNDA BARRY Life is anything that dies when you stomp on it. DAVE BARRY I was a Presbyterian minister at a small church in Omaha, Nebraska. SAM BARRY Music was in the air when I was growing up. My siblings Katy, Dave and Phil were musical; my dad wor... SAM BARRY I picked up a harmonica and taught myself. SAM BARRY I don't really know much about pirates, or pirate culture. I'd be a contrarian pirate. TODD BARRY We are quite at ease in this no man's land of ignorance and doubt and dispute, absorbed in the a... BARRY UNSWORTH Get up, groan, write a bit, moan, eat breakfast, write some more, cycle my bike through the Sligo hi... KEVIN BARRY We operate under a jury system in this country, and as much as we complain about it, we have to admi... DAVE BARRY For me, the worst part of playing golf, by far, has always been hitting the ball. DAVE BARRY What may seem depressing or even tragic to one person may seem like an absolute scream to another pe... DAVE BARRY Eating rice cakes is like chewing on a foam coffee cup, only less filling. DAVE BARRY Snowboarding is an activity that is very popular with people who do not feel that regular skiing is ... DAVE BARRY If you had to identify, in one word, the reason why the human race has not achieved, and never will ... DAVE BARRY Although golf was originally restricted to wealthy, overweight Protestants, today it's open to a... DAVE BARRY The four building blocks of the universe are fire, water, gravel and vinyl. DAVE BARRY It is a scientific fact that your body will not absorb cholesterol if you take it from another perso... DAVE BARRY The Sixties are now considered a historical period, just like the Roman Empire. DAVE BARRY I remember my comic strips being called 'new wave.' It bugged me. LYNDA BARRY I got into film school. I went and didn't know anything about it. Over the course of two years, ... BARRY JENKINS I looked up to my father when I was 7 and 8. I believed it was my calling to be in the big leagues. ... BARRY ZITO I can count my friends on one hand. BARRY ZITO I think in the bullpen you can tell during your warmups, if you have a good feel for it. But anythin... BARRY ZITO Big league defense is going to get outs most times. BARRY ZITO The outfield is solid, so is the catching and the infield. BARRY ZITO It's not like I'm some kind of veteran and there is this huge age gap. I identify with them ... BARRY ZITO I'm OK being the veteran, but I'm still just a kid. BARRY ZITO I do look forward to keeping in touch with the guys, because we'll always be connected in people... BARRY ZITO I hadn't focused on mechanics since I signed professionally. BARRY ZITO I was this 5-7 pudgy kid in high school... I wasn't a popular kid. I was an outcast. BARRY ZITO I refuse to be molded into some stereotypical ballplayer that has no interests, really, no life, no ... BARRY ZITO Meyer and I have a bit in common because we're both left-handed. I think it's great that he ... BARRY ZITO I just write mechanical things. BARRY ZITO I feel I can hang out with any group of people and find common ground to talk with them. BARRY ZITO Regardless of what you want to call it, guys need some type of spirituality they can grab onto. If i... BARRY ZITO Everyone focuses on the earthly state, but how cool might death be? I believe in spiritual rebirth, ... BARRY ZITO Some people pray to a totem pole, some people pray to a sun, some people pray to a god. It all works... BARRY ZITO I view my pitching on how confident I was out there, period. And if I lose that confidence, I can be... BARRY ZITO When someone becomes successful or rich and famous, people perceive that person as being different. ... BARRY ZITO I don't totally believe that all of the politicians see a problem with the gap between the score... BARRY WILLIAMS Tiger the dog had a showdown with a fast moving flower truck in the middle of the street and lost. BARRY WILLIAMS One preacher turned me on, another turned me off. BARRY WHITE Most families had four, five brothers. But because it was just me and Darryl, we had to be twice as ... BARRY WHITE Elton John's opinion turned the label's opinion around, all in a day. BARRY WHITE The whole system of society tells you what to do. BARRY WHITE I've always loved War's Low Rider and Sly Stone's Thank You, and I just wanted to put my... BARRY WHITE People are always looking for me to be a freak, weird. BARRY WHITE I'm very happy with this new record. It's dealing with different aspects of love-it's me... BARRY WHITE I don't know if it's my music, my lyrics, my sound, and knowing the music business the way I... BARRY WHITE We forget that this music, music made by my brothers and sisters, is still a baby. It's just beg... BARRY WHITE The cops picked me up for attempted murder. I can still see the detectives, licking their chops. Tho... BARRY WHITE When I commit, I commit with my whole heart, my whole being. I know the Bible like the back of my ha... BARRY WHITE I kept my babies fed. I could have dumped them, but I didn't. I decided that whatever trip I was... BARRY WHITE As a boy, I believed freedom for America meant freedom for me. There was a time I believed every wor... BARRY WHITE I went to jail at 16 for stealing tires off Cadillacs. When I got out I said, Never again. BARRY WHITE There's people making babies to my music. That's nice. BARRY WHITE I'll come to you with gifts of knowledge, wisdom and truth. BARRY WHITE I quit high school on my birthday. It was my senior year and I didn't see the point. This was 19... BARRY WHITE I try to tell a story musically in a song. BARRY WHITE When I saw corruption, I was forced to find truth on my own. I couldn't swallow the hypocrisy. BARRY WHITE Mama tried to save us from the streets, but the streets were too strong. BARRY WHITE In most horror films, you don't really get to understand why this character is the way he is. BARRY WATSON I want to try and do as much as I can as an actor. So far I think I've done pretty well with bei... BARRY WATSON I did. I did see Bigfoot when I was a kid and I still believe it to this day. I saw a big furry man ... BARRY WATSON It was tough trying to figure out how to put on all the women's clothes. BARRY WATSON Helen Mirren is like the sexiest woman on the planet to me. She is. Just the way she goes about ever... BARRY WATSON I grew up in Dallas, with cowboys. I was the only guy in sixth grade with long hair and an earring. ... BARRY WATSON I think most people, even if they say they hate horror movies, there's that feeling you get insi... BARRY WATSON Of course there are times when I think, 'I'd be better out of this.' BARRY TOOK It was a joy to be a part of the team that created Round The Horne. I was involved with the show at ... BARRY TOOK There are people worse off than me. I've had a very long run. I'm fine really. I'm just ... BARRY TOOK It was like a heart transplant. We tried to implant college in him but his head rejected it. BARRY SWITZER I went to Brown University, but my mom said I couldn't be an artist because I would starve. BARRY STERNLICHT I see Baccarat in major gateway cities like Paris, Tokyo, Shanghai and Hong Kong and exotic resort l... BARRY STERNLICHT There's more single-family homes rented in the United States then there are apartments. BARRY STERNLICHT