Maintaining an emergency fund of a few thousand dollars for true emergencies is great because it satisfies basic physiological and safety needs. But once you’re mentally able to move up the hierarchy of needs to psychological needs and self-actualization, you’re ready to build an opportunity fund. Saving for the future will seem far more enjoyable.
Read MoreDid you know that saving for college is the #1 worry for families with children? Yet only 17% of families are saving for college expenses.
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