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URL:  http://boards.fool.com/why-not-pile-up-some-cash-instead-of-being-26761085.aspx

Subject:  Re: 3rd position HELOC Date:  6/25/2008  10:25 AM
Author:  Richthofen80 Number:  111438 of 128887

Why not pile up some cash instead of being leveraged? I dunno if in an emergency taking on MORE debt is such a good idea. I definitely don't like borrowing my way out of anything, because it usually doesn't work.

I put a $1,000 a month draw on my primary checking account for a year and stockpiled bonus money and other income into a money market fund. Took about a year, but now I have 20K as a cash reserve.
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