CPA and self-made millionaire Brennan Schlagbaum puts as much of his money to work as possible.Currently, he keeps about $5,000 in cash reserves, he told Insider.
Brennan Schlagbaum doesn't like to keep much of his net worth in cash accounts. He'd rather invest it all.Schlagbaum and his wife Erin didn't always have money to invest. They spent five years, including a $234,000 mortgage on their home in Cincinnati at the time. After they became debt-free in 2021, they started stashing as much of their incomes as they could into index funds.
Today, in their mid-30s, their net worth is approaching $2 million — about a quarter of that is tied up in their new home in Arlington, Texas, which they own outright. A good chunk of the rest isacross retirement accounts and a taxable brokerage account, which Insider verified by looking at account screenshots and a copy of their personal balance sheet.
Schlagbaum has the luxury of not needing to keep a lot of money in an emergency fund. For any unexpected expenses,"our cash flow can handle that," said the CPA, who quit his accounting job in 2021 to focus on his financial education business
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