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re: Physical cash on hand
Posted on 7/2/23 at 8:12 am to El Segundo Guy
Posted on 7/2/23 at 8:12 am to El Segundo Guy
You're currently costing yourself ~$2500/y (just based on HYSA rates) keeping that cash on hand. Seems foolish. I've never had an emergency situation where I needed more than $100 cash and cant imagine fhe scenario where $50k would be necessary. More likely, having $50k would make me more anxious especially if I had to take it with me in an evac situation.
1
Posted on 7/2/23 at 9:57 am to TorchtheFlyingTiger
Assuming that all investments with tax implications are maxed out ..
What if you get paid in cash (are honest and report it as you get a 1099) .. to the tune of 10s of thousands? What to do with it? Depositing it in a. And I’m sure would flag you even though you had legit business and it’s reported
Id pay for everything in cash .. car,
Computer, home projects, groceries, as much as possible. ,
What if you get paid in cash (are honest and report it as you get a 1099) .. to the tune of 10s of thousands? What to do with it? Depositing it in a. And I’m sure would flag you even though you had legit business and it’s reported
Id pay for everything in cash .. car,
Computer, home projects, groceries, as much as possible. ,
This post was edited on 7/2/23 at 9:59 am
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