There are a couple of points on that, because as I mentioned with my own renovations, I paid about $70,000. So, yes, that's a little more than my year's salary, and it was within the first year and a half, almost two years, after my injury that I had to start paying that out. So having that money initially, say $75,000, would cover some of my current renovation expenses. Having cash every month paid out I think would be ideal. Again, that adds security for your own future, knowing that while you don't have a job now, you don't have a job two years from now because you can't work, or whatever the issue may be, at least you have a guaranteed income to maintain those bills.
On March 27th, 2014. See this statement in context.