Labeling $400,000 as an emergency fund is a massive opportunity cost that mistakes excessive hoarding for sound financial planning. It prioritizes psychological comfort over the rational growth of capital in more productive assets.
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Togi's $400,000 Emergency FundAdded:
I have 169,000 hours of Pepe. Yeah, well I we invested more into it, right?
>> How much? [music] It's 310, 310,000.
It's an emergency fund. You have 100,000 hours in CDs. Yeah, they made me do that.
>> Well, it's just your return on investment, and but it's harder for you to touch, so that actually might be a good thing.
>> 3 months that I can touch [music] it.
Are you not afraid of retirement? Cuz businesses go under every single day.
Billionaires go to zero. You're telling me they just lost their billion-dollar business, their income zero, and then they die?
>> Yes, you never know what like >> That does not happen. It would never with like tax fraud.
>> speak that into existence because everything I do, I'm going to win. I could become Mr. Olympia. I could be the best bodybuilder in the world. I could go to the moon if I wanted to.
>> Factually, I could. I can do anything, and I will do everything. I could be in the NBA if I wanted to.
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