Establishing an emergency fund is a critical step to take before making the accompanying steps of financial independence. Why, you may ask? Let's just say, if you run into one of life's rough patches, it could make the difference between a "...whew; that was close!" moment and sidewalk living (or worse). But how do you know how much you need in savings to be an adequate emergency fund. Moreover, how do you calculate you cash burn rate for the p [...]
