Physical cash on hand

the amount of purchasing power you are losing on that over the years is mind boggling

Usually about $20 in my wallet. Wife carries $0 in her purse and probably couldn’t identify what American currency looks like.

My man if the economy ever devolves to the point where 'cash is king' in the manner that $50k in a safe is suddenly indefinitely valuable, you're gonna have much bigger problems to worry about.

Feels like this is just a troll, but...meh.

I have the James Bond approach for no other reason that I feel like him when I open the safe.

$5,000 USD
$1,000 Colombian Peso
$1,000 Euros
Hand gun and AR-15
Gold Coins
USB drive with my babies(BTC)

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.

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What is a solid amount of 100s that I should have on hand? We have 50k in our safe and have kept that amount stable for a few years. With this digital currency stuff possibly on the horizon, should I up the amount?

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Personally I wouldn’t keep anywhere near that amount in my house. 5-10k max imo (I only keep a few thousand). I guess the only exception would be if you are a multimillionaire and losing interest on that much cash makes no difference.

Keep $10k in the safe, $20k in easy get savings, everything else goes in stocks, ETF, mutual funds, 401k.

I think $5000-8000 is plenty of cash to have in hand just in case you have to leave quickly or pay cash to get a better deal on something. Anything more than that I’d keep in gold or jewelry so at least you get an inflation hedge and could still barter if needed.

If you are worried about some type of bug out situation, it’s too risky taking $50,000 with you across a border. I’d set up 1-3 bank accounts in other countries you would consider living in and put $10,000 in these. Mexico is the most obvious choice but El Salvador or Panama is good too now. It’s not a hard process, particularly if you are looking for a quick vacation.

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. ,

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I have the James Bond approach for no other reason that I feel like him when I open the safe.

$5,000 USD $1,000 Colombian Peso $1,000 Euros Hand gun and AR-15 Gold Coins USB drive with my babies(BTC)

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This is so inspiring. I want to be like 007 too.

Thanks for the idea.