John Deloney

And that means we don't touch this money unless it is a flat out emergency, which means it has to meet a little bit of criteria to be discerned as an emergency.

It has to be completely unexpected.

Like, oh, my gosh, I didn't know this was going to happen.

This came out the blue.

It needs to be urgent.

Like, oh, I got to do this.

like immediately.

And it has to be completely necessary.

Like I must do this thing.

So here's what's going on in your mind.

I must do this thing today that I had no clue was going to happen.

Like that's how it goes.

And so obviously buying a new car or a new house doesn't fall underneath those parameters.

So the good news is you are in a position that today you could begin saving up money for

uh, to do either of the things that you think is, is more pertinent, whether it's man, one of these cars is literally like on its last leg, let's start saving up $10,000 or whatever amount of money you think you want to spend.

Um, no more than your vehicle should be no more than, uh, half of his annual income.

Um, but you could start to do that, but I wouldn't be in a huge rush to buy a house.

I'd say no more than 15,000 each.

Like if you have a car, yours is 15.

If he has a car, his is 15.