Ask Paula: My Income Is Dropping From $190,000 to $40,000; What Should I Do?
Afford Anything
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The Primary Goal Is Liquidity, and the Secondary Goal Is Inflation Protection
How should any one, slash everyone listening, manage money when the primary goal is liquidity and then the secondary goal is inflation protection? And my answer to that if the primary goal really is liquidity, that's the purpose of savings account. I know no one likes hearing that answer, because, yes, your money is going to lose purchasing power to inflation, but that's the trade off for liquidity and flexibility.
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