You are one car breakdown or medical bill away from paying rent since you don't have an emergency savings.  

After the separation, Callaway will retain financial debt, while Topgolf will emerge as a debt-free entity.CEO Chip Brewer emphasized Topgolf’s potential as a free cash flow-generating business with strong future prospects.

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

Even though there is no actual emergency, they show up anyway.

So, now that I have my 401K going and an Emergency Savings fund good for 6 months of expenses, I wanted to begin investing and have decided I’d like to pursue REI primarily.

Finally, in case of an emergency requiring urgent attention, please contact me on my cell phone anytime at (###) ###-####.I thank you, Mr.

Emerging markets with inexpensive housing and consistent development might also benefit new investors.

The best part is once you have procedures and training down, you can scale this to the moon. 

Use someone else's money when you can and keep your own money available for emergency situations. 

Although communication makes an owner feel good, especially when an owner wants answers immediately, it does little for their bottom line if you don't have the other two (Integrity and Execution).I think all the PMs here agree, however, that there is no quicker way to piss off an owner than leave them hanging when they perceive* an emergency.