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Started By
Message
re: Physical cash on hand
Posted on 7/2/23 at 3:57 pm to rocksteady
Posted on 7/2/23 at 3:57 pm to rocksteady
quote:
I think you should quadruple the amount, actually more if you can. Something bad is coming and you’re gonna need it to survive. Very smart
Smart people out there really watching movies thinking the plot could be their real life some random Tuesday.
Posted on 7/2/23 at 4:07 pm to El Segundo Guy
Explain to me what emergency requires $50k in cash?
Posted on 7/2/23 at 5:32 pm to El Segundo Guy
Normally $0. I keep about $5,000 in my checking account. My most liquid money stays with Empower that has a 4.75% CD rate these days. Everything else in invested.
Posted on 7/2/23 at 9:17 pm to El Segundo Guy
What $50k emergency do you feel like will happen that you need less than 24 hours to get to? I worry about $50k emergencies that I only have 20 min to get the money all the time….or not.
Posted on 7/2/23 at 9:18 pm to lynxcat
quote:
It’s the only expenses I don’t have automated Agree that it could be much more efficient…but I definitely think we are getting a cash discount since their rates are the best in our neighborhood
Just got my invoice for the month. Motherfricker’s ears must have been burning
And I think it’s just his way. I asked his preferred form of payment (mine is always zelle), and he said he invoices monthly. But he’s got a crew, so that makes sense at that scale.
Posted on 7/2/23 at 9:20 pm to El Segundo Guy
I have 500 yen
Zero dollars
Some silver rounds
Zero dollars
Some silver rounds
Posted on 7/2/23 at 9:24 pm to thelawnwranglers
quote:
I have 500 yen
I know you’re joking, but still, enjoy your cup of coffee
Posted on 7/2/23 at 10:02 pm to Joshjrn
quote:
know you’re joking, but still, enjoy your cup of coffee
Lol 50,000 or so yen
Use to be almost $500 - Jesus what happened to their currency. Use to be 110 to 1 now 144 to 1
Posted on 7/2/23 at 10:07 pm to thelawnwranglers
quote:
Lol 50,000 or so yen Use to be almost $500 - Jesus what happened to their currency. Use to be 110 to 1 now 144 to 1
Last time I was in Japan was Oct/Nov 2017. Think it was around 112JPY to USD back then. I honestly hadn’t realized it had run like that. I feel like it’s time to plan another trip
This post was edited on 7/2/23 at 10:08 pm
Posted on 7/2/23 at 10:33 pm to Joshjrn
quote:
Last time I was in Japan was Oct/Nov 2017. Think it was around 112JPY to USD back then. I honestly hadn’t realized it had run like that. I feel like it’s time to plan another trip
Where would you go?
I use to go for work and pull too much cash. I was going to blow it something like a watch then covid happened and Japan never happened again
Posted on 7/2/23 at 11:33 pm to El Segundo Guy
5k is double what I ever need. I only keep that for running from a hurricane, in case I need to stay home longer or to bring supplies back to others…. Or really if I see a 5th gen Yota while I’m on the run to bring home
Posted on 7/3/23 at 7:33 am to I Love Bama
quote:
$1,000 Colombian Peso
So $0.25 worth?
Posted on 7/3/23 at 8:27 am to El Segundo Guy
What is the point in keeping such a large amount of cash? Are you a drug dealer?
There is zero reason to have that much cash unless you are caught up in something highly illegal
There is zero reason to have that much cash unless you are caught up in something highly illegal
This post was edited on 7/3/23 at 8:29 am
Posted on 7/3/23 at 8:39 am to I Love Bama
quote:
$5,000 USD
$1,000 Colombian Peso
$1,000 Euros
Hand gun and AR-15
Gold Coins
USB drive with my babies(BTC)
For the people who live in hurricane, tornado or earthquake zones, I can understand having what seems to be a somewhat excessive amount of cash on hand. But in my mind, and knowing very well how large amounts of cash are viewed by law enforcement, if a person with $50K in cash goes through a checkpoint, it’s doubtful that he’s going to leave with $50K in cash - especially if there’s a firearm onboard (legal or not). I’m sorry to say that some jurisdictions view large amounts of cash as an opportunity to grab & go, and forcing the owner to go to court to get his money back. Not saying that’s right at all… just the way it is in many cases. So I think between fire, theft and whatever else, the OP has probably created a bigger problem than whatever potential solution he thinks that he’s addressing. Just my opinion. And I most certainly wouldn’t be broadcasting all of that info on even the most anonymous message board. But to each his own.
As to your situation, Bama, I’m far from a prepper or even someone who worries about low probability happenings. But I’d say your stash is pretty reasonable, and basically where I am. Only question I have (if you care to address it), being that you live in Colombia(?), how are you legally able to have those firearms? If you work for some sort of security contractor, etc., just say “I got it covered” and we’ll keep it mums the word.
Posted on 7/3/23 at 12:01 pm to El Segundo Guy
quote:
We have 50k in our safe and have kept that amount stable for a few years.
Posted on 7/3/23 at 5:37 pm to thelawnwranglers
quote:
Where would you go?
From memory, these are the places we hit during that trip:
Tokyo
Nikko
Hakone
Kyoto
Nara
Himeji Castle
Koyasan
Kanazawa
Would probably hit Tokyo for a couple of nights, hit Nikko again now that they've finished the major temple renovation, do Kyoto for another handful of nights, then fit in some other parts of the country we didn't make it to last time. Would have to spend some time planning before I really made decisions on that.
Posted on 7/3/23 at 8:21 pm to Jag_Warrior
quote:
it’s doubtful that he’s going to leave with $50K in cash - especially if there’s a firearm onboard (legal or not). I’m sorry to say that some jurisdictions view large amounts of cash as an opportunity to grab & go
he definitely won't get through a colombia checkpoint without losing plenty of that cash
Plata o Plomo?
LINK
Posted on 7/3/23 at 8:38 pm to BabyTac
quote:
Keep $10k in the safe, $20k in easy get savings, everything else goes in stocks, ETF, mutual funds, 401k.
You forgot bonds
Posted on 7/4/23 at 7:29 am to El Segundo Guy
Put in a money market fund like CIT Bank. It's FDIC insured, and pays 4.85% est. yearly return. CDs will get you 5.35% for 3 months.
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