i wonder how much cash reserve you should have in the Bank for emergencies eg you lose your job, you get sick very quickly, etc etc I have a work colleague who tild me this, he has 2 properties one in Newcastle NSW and one in Sydneys West which is worth 400k he lives in and the other $370,000 earning $360 weekly rent They are bith fully paid off.so give or take they are worth combined 770 The thing is he has only 20k in his bank account. He told me this wasnt a problem as he has a redraw on both I dont feel comfortable with only 20k in my account , isnt that a problem? Redraw works i guess but you have to pay interest. Would 20k be enough for you? Ok he has a job bringing in income plus the rent BUT what if something happens?