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A comment on Self-made millionaire: Don't put money in your 401(k). Parent comment

Re:Self-made millionaire: Don't put money in your 401(k) by petercooper on Thursday October 27, 2016 @11:01AM (#12805630)
But waiting until you have 100k in cash before you do something with it seems crazy to me.

The theory is that without a healthy emergency fund, you won't take risks on better investments later on.

I buy into this as I played it pretty safe until I had a year or two's income saved. I then decided to do my own thing for a bit, and now I'm running a healthy business that I wouldn't have been otherwise (basically a freelancer to business owner transition).

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Re:Self-made millionaire: Don't put money in your 401(k) by mattzito on Thursday October 27, 2016 @11:09AM (#12805718)
But let's say you have a 50k 401k that you can borrow against in an emergency, and a 50k index fund - that's 75k in liquidity that you have available to you with a few days notice. 100k in the bank sitting there is getting you maybe 1% and the need for that money on an instant's notice seems...low.
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