A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

There are risks and rewards like anything else in life.  

Back in the world of 3% rates, you could get a HELOC instead of the primary mortgage and lower your daily balance and cut down the life of the loan significantly.  

I've house hacked twice in Reno, NV and it's changed my life. 

They could have used that money for much better investments that would have allowed them actual financial freedom.People look at tax deferment as if it is some pot of gold that then dictates their very life.

My goal is financial freedom for my family and a life full of giving and serving.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

who used this his entire life and build a net worth of over $1 billion by the 1980s starting with absolutely no capital!  

I believe in five years life will look differently. 

Life is not static for most people.