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John Livingston's

The Nuclear Electrical Engineer

An educational resource for electrical engineers in the nuclear power industry

Here you can find design tips on technical skills like cable and breaker sizing, short-circuit evaluations and more, PLUS deep-dive analysis of nuclear-specific topics like design basis, Tech Specs, UFSARs, and safety-related SSCs — built from primary source documents.

Tip of the Week · Feature

Do you have $400 to spare?

John Livingston
June 18, 2016 · 1 min read

I didn’t send you a tip last week…

My wife went into labor, and our daughter was born shortly after. I didn’t get a chance to prepare the email to meet my deadline.

Mea culpa.

Anyway, this week’s email is about savings.

Specifically, do you have more than most people?

A government survey showed that 47% of Americans would have to sell an asset, or borrow, to raise $400 for an emergency expense.

I discovered this article written by a published author, teacher, and TV script writer. Famed director Martin Scorsese bought the movie rights to one of his books. He confesses: he’s in that 47%.

Link: http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/

It makes you think.

Could you afford an emergency $400 expense?

If not, what steps do you need to take to raise that $400 over the next three months?