Part 3/7:
Moving beyond his immediate investments, Riley provides a comprehensive overview of his financial situation. He proudly states that his current debt is $0 after successfully paying off substantial student loans—an achievement he identifies as foundational to his investing strategy. This debt-free status allows him to allocate more towards investments and savings.
Riley maintains a healthy $25,000 in emergency funds, which he keeps accessible in various cash accounts. This balance reflects the common financial advice of having three to six months' worth of expenses set aside for unforeseen circumstances.