Building up Cash Reserves

I talked to a friend and she explained the importance of building up cash reserves. She pointed out that if my job deserved I would be a horrible situation. And she's right. She told me to stockpile 50K cash before I purchased an investment property.

Her reasoning was that if you ever lose your job, you still need to pay your mortgage and other bills. The way you do this is by having cash reserves to tide you through the next year.

I am going to take her advice and start stockpiling cash. I call myself the cashaholic but haven't done anything to accumulate cash.