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Really interesting read. Thanks for the response.
Why do you only have a few months' worth of savings despite considering yourself rich? Or are you just speaking about cash reserves?
Yes. Cash reserves are like unused RAM to me: I have it, so I might as well put it to work. If it turns out I need it somewhere else, I can always go rearrange things to make that possible.
Realistically, I think I'm rich because my wife and I both have strong ability to command high salaries, switch jobs, etc., even in a pretty severe downturn. The main things that might tank the value of that expected future cash flow are disability or death, and we at least insure against those.
We also only need one of our two incomes to support our lifestyle, so we have a certain resilience that just comes from having that buffer. At our current ages, we also already have substantial retirement savings, so we have some resilience there, too.