I also graduated from Fort Lewis College in 2015 with a degree in Psychology.

(Doctorate of Psychology).

@Brian Reichardt you have some interesting psychology going on with your numbers.

There is something psychologically that happens when you hand them X amount of dollars (typically, my bird dogs make $3k easily per deal(another tip, pay them more than the next guy) and they know you're legit, they're loyal to the person who pays them and again, nothing is cooler than having them walk away with cash in their pocket)So, there ya have it. ;)

Like @Chris Mason said though, there's also a lot of psychological value in having your primary residence debt-free! 

Damn, @Jay HinrichsOregon seems to prudent to assist homeowners sell their property anyway they want to.Love the "right to die" legislation too.Now if you can get the automatic weapons out of the hand of psychologically unstable Oregon people....

Yes that is my situation, I am starting from nothing with basically nothing except the ability to learn and a deep desire to grow and fully develop psychologically, personally  and professionally.

This guards against more than the car repair, it guards against loss of employment.Having a substantial cash reserve is also a psychological benefit - knowing you are "OK" no matter what hits you is important.

The 1 million foreclosures is a huge psychological level and I would think that our trusty government will take steps to keep that from happening.All that being said – the number for the year will be huge, it already is.

The plan to time the market loses to psychology and fear of loss.To your point, though, I would agree that for some people the liquidity of REITs is a good thing.