Hmmmmm
Some of us don’t have THAT kind of money...
Some of us don’t have THAT kind of money...
Some of us don’t have THAT kind of money...
I was following the “money where your mouth is” post before me
Woulda been More clear and funnier if I quoted, eh?
I was following the “money where your mouth is” post before me
Woulda been More clear and funnier if I quoted, eh?
I get the point of the thread. Bet on it.
This is a cool plot to a suspense novel, but not real life unless I turn into some kind of criminal.Can't get my mind around not using cash , Your cards and accounts can be turned off if the government thinks you maybe a risk or threat and the ever present threat of hacking and poof it's gone
Again, I'm fine with keeping like a thousand bucks around for these events. But people who are telling me I need $10k in the safe are just not being realistic, IMHO.I have been in places were it was cash only after storms for weeks , If your going to keep your wealth keep it in gold and silver and by all means keep some in the bank for normal bill paying . Also tipping in cash keeps it off the income radar for all those who work had and don't get the application they deserve , Tip well for good service and do it in cash.
Cash , Grass or Ass.
I decided I would have cash.
I may have a buck in my wallet at any given time but then again, I'm married.
No doubt, but I surely wouldn't want to have as much as $10k laying around to get destroyed or stolen.
I almost never have cash on me. My wife keeps some cash but at this moment I do not have a single dollar bill on my person, car, or in my home.
I used to have a bunch of guys work for me that "didn't believe in/trust banks" and would walk around with their 2 weeks pay in their pockets. Also the same guys that would blow it all on the newest iPhone or Jordans. Frustrated me to no end to see that. They were just as perplexed by me when I would tell them I never carry cash as I was to see them walking around with their entire net worth on them in any given day.
IF you go with Fiat currency, how much do you keep in Euros, Pound Sterling and Deutsche Marks?
Cash. I keep enough to be useful; but not so much that if it all burned up it would be devastating. I think five grand is a good number to work toward. Throw a hundred in every pay period or something.
There are lots of good reasons for keeping cash; most have already been mentioned here.
Scenario 1: Your wallet is lost or stolen. You need to cancel your cards. It could take some time to get replacements. Have a stash at home? You can get through the interim.
Scenario 2: Your wife decides to run off with the plumber and drains your account. Assuming she doesn't know where the stash is and runs off with that as well, you have some flexibility.
Scenario 3: You say something on an online forum and the cancel culture mob go about attacking everything associated with you. I understand that bank accounts have been closed after this has happened. You'll get your cash eventually, probably; but in the meantime cash is king.
Scenario 4: Maybe you just don't want the financial people to know what it is you are buying. They data-mine everything. It's none of their business. They already know too much. And now-a-days you really can't be sure where we are heading.
Scenario 5: You take a job with the Trump transistion team (or the next Literal Hitler) and suddenly find yourself harrassed into hiding.
Scenario 6: You meet a fine lolita at the local watering hole and need some place to, uh, get to know each other where your wife won't find out. (please don't be that guy)
Scenario 7: Major storm, earthquake, volcano, asteroid, solar flare hits and the world is shut down for a little while to a long while. For a little while, cash is king. For an apocolyptic long term scenario, cash is still king while people get over their normalcy biases as to when the world might start functioning normally again. Cash, no matter what happens, isn't likely to lose it's buying power immediatly. Most folks will expect the lights to come on sooner or later.
Scenario 8: You have an opportunity to purchase something you want in a private sale. Cash only. Limited time offer.
Scenario 9: Something happens. A few bucks slid to the right person might make that something go away.
Scenario 10: Does Ammo John even take plastic? (I can only assume he'll be back in business eventually)
Mostly, cash equals flexibility I think.