buffer

Hi I met a new friend (aged 48) yesterday and over coffee she told me she just got retrenched. She hasnt got any savings and is happy her rent is not due for 3 weeks so she can scrimp and put some money together. A friend of hers might have a few odd cleaning jobs for her and she will use...

How much buffer is enough? Do you calculate say 12 months interest, a set $ figure, a % of total debt? What's your safety net. After years of living by the thin of my scroat I'm soon going to be moving into an agressive buying phase(spree). I'm curious to know how much of a safety net...

Even thought this is a very personal subject depending on the risk profile, I would like to see what people think about the financial buffer. Mainly in the case of job loss that supports you and your IPs My comfort level is cash in the bank to last 6 months.

Anyone regret buying their 1st IP or would want to do things differently? I'm glad I bought my 1st IP back in 2009 but if I had my time over again I would do things differently. I realise now how important savings are and having a buffer is!! I wouldn't have taken $10 K of my own cash to fund...