What are the upsides of storing hard cash?
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zero. money stored = money that isn't working = can't beat inflation by sitting there = losing value year after year = not worth it to sit on it.
close to none really. it's not insurable and accrues no interest.
if you didn't earn that money legitimately and fear the tax man, than hard cash is okay.
The sooner you realize it's just a piece of paper the sooner you will consider having commodities such as precious metals.
gov can't steal it easily if you hide it.
They will steal it through inflation. 3% a year, every year.
It's worthless when Trump doesnt get relected
It's useless by design.
(((They))) want you to (((invest))) your money.
so where else would you put it?
>Invested into properties > value dropped by 40%
>Invested into crypto, 80% down
investing is a meme if you're not an investor
also I know a lot of people who made it that prefer having mostly cash because they can "feel the cash" and spend it with more caution or just pour it into non liquid assets, but then again they made the money by investing it in the first place
Honestly i'm just curious, but it feels like only niggers have hard cash because they love flaunting their money then get shot for it kek
>investing is a meme if you're not an investor
you don't need to be an investor to invest. just buy the index and you're already doing better than 50% of fund managers
Its safer in your home than in bank in times of crisis, assuming you have most of your wealth as properties and crypto.
kek. you have no idea how to risk manage, that is why its a meme to you.
you forgot about liquidity, retard.
investing is for suckers. I trade.
Arguably cash isnt safe in any major crisis, but then neither are you.
Worse than 3%
>investing is a meme
>just pour it into non liquid assets
That's exactly the same thing, dumdumb
The only upside of storing cash is being able to take pictures of it when you’re bored. No one should ever have more than 4gs in cash at home...and even that is stretching it.
Nothing. Only a complete fucking idiot would actually store money at home. At the very least, put it in a savings account.
>not taking it out and feeling and counting it out
>not paying with it
You don't know what you missing, son
Had $300k cash in Jan.
Put it in managed funds.
Down 15% so far.
Not happy.
What’s it like to be a nig?
If you are so inclined to call someone out the pleb way, at least do it right. Jew, not a nigger. Nigger is someone who posts pics of himself with cash online.
Yes, losing over 300 dollars on crypto is "beating" inflation. Thank gos im not holding onto my cash
As someone who doesn't earn much and part of my income comes from tips, having cold hard cash is good.
I have my collection of coins for emergency cash. Slowly, but surely it builds up.
With paper money, I use that as my spending money. It's a lot harder to buy something with 20 $1 bills than using a credit/debit card for the same purchase.
When possible, I spend my cash and only touch my bank account for online only purchases.
Direct deposit lets me not worry about my bank account as it slow, but steadily, goes up.
These.
user would be better off holding silver or gold.
wow, about 13,000 dollars. about enough to live for.... a year! wowee!
user, I....
>holding money in trumps america inflation
WEW that money is losing value almost everyday
You look super rich despite the fact that any carryable quantity of money won't be that great.
To stick it to the IRS. But really the only time I got cash is for my monthly "play money" This is money I can use to buy whatever I want and not worry about using my plastic for every little thing. Which only makes the plastic wear out faster. Also don't gotta worry about over spending by accident.
if a crisis comes along have fun watching your money disappear when banks go under
>No ad blocker
Boomers dont typically use adblocker. Either they don't know about it or believe its moral to allow ads to support the website
Your autism level is on full display for everyone
but do they actually play minecraft tho
Three benefits
#1. Financial independence. It's your actual money. If you put it in the bank, it's the bank's money. They just owe it back to you. And only up to $250k.
#2. Financial liberty. You can spend it on cocaine or hookers or hush money, nobody can stop you.
#3. Financial privacy. If you do spend it on cocaine or hookers or hush money, nobody will know.