I've been in the corporate world a long time, so my IRAs and 401Ks are more then secure. What's been concerning me is more immediate future, how do i know what I need to get my by for the next six months while I am my business is just getting started? Since this is a pressing issue while I move forward with my plans, I did some research and here's what I learned:

First, assess your needs. Having three to six months of expenses set aside is a given. But you also need to think about what other needs may arise. Any household projects that may not be able to wait any longer? What about car issues? Any and all domestic items that may have been put off, may just end up needing repair just when you least expect it, so better off to prepare for it. Second, think about your dependents. Are braces in their future? Surgeries? Travel for sports? Tuition? The more people that depend on you the more likely an unexpected expense will occur. Finally, consider general cost of living and quality of life expenses. Just because you have decided to take a risk doesn't mean you whole family needs to be put in jeopardy, plan for family vacations and weekly entertainment.

Expect the unexpected. Better to be prepared then to be crawling out of a hole.