How Much Cash Is Too Much To Keep At Home?

[@TheRamseyShow]

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3hc6Pgt

[@YanilleCastillo]

I can’t wait I’m meeting with one of your investment pros next Wednesday yay

[@ChaplainBobWalkerBTh]

civil forfeiture the cops can steal your cash and not charge you with a crime.

[@salemthorup9536]

Why am I not able to make my own comments on Ramsey videos? I don't think I've ever made any bad comment ever on any of your channels. I can reply to people, but my ability to just comment is gone. I'd really like to participate in this fine community.

[@sledgeyyyyy]

For those moving cash from money market to other assets given the Fed pivot, what are some income-producing assets (not physical real estate) that you are prioritizing over the next year to offset your loss in income?

[@gregorywhem]

Dividend Stock and REITs. As interest going down, I think these two asset types are going to be more attractive. Besides getting dividend income, I expect them to get appreciation in value as well.

[@AddilynTuffin]

Even if it just gives 4% dividend growth long term, long term inflation is just 3%. So, that’s still solid. As long as those divvies keep increasing, even in a recession, that’s what i need. I’m thinking huge percentage in SCHD, with smaller amounts in other areas not covered by the fund, like REITS and BDC’s.

[@carolynrose1816]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75k cash earning 4% interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 58. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.

[@NO-TIME170]

Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.

[@carolynrose1816]

I've stuck with ‘’Jennifer Leigh Hickman ” for about 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@intheshell35ify]

I'm constantly squirrelling away cash even if its loose change. It takes it out of circulation which is to say I don't have to tell ANYONE that I have it and no one can prove that I do.

[@nicolasbenson009]

It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

[@Vincent-j8u]

It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

[@tatianastarcic]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@sharonwinson-m8g]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@SandraDave.]

Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@lukesolsbery9760]

Thank you sir... as a full time waiter I can not stress to you how good it makes me feel to hear your statements about your carrying cash with a large part of that utility being for tips. I have previously heard you say something to the effect of "I drive a car that doesn't make the valet think I'm rich, until I tip". You warm my heart as you fill my co-industry-workers palms with generosity.

[@deborah7398]

My wife and I are raising three grandsons after a death in the family. We eat out pretty often. Mainly when the boys are in school. It's not at all uncommon for me to leave a 50% tip or more if the service and food was great! I just feel grateful to be able to reward those who take pride in their work.

[@lukesolsbery9760]

@@deborah7398 Trust and believe that some of us bear a great deal of pride in what we do. I "tip" my hat to you Deborah. May your grandsons be very happy and successful, thankfully you are in their life to help grant the opportunity.

[@frederickwise5238]

I ofte stop a waiter bfore the check comes AND give them a "GIFT"!! Then not so much tip on the check. They dont have to declare a "gift"!!!!

[@GrumpyCat8000]

when ppl write the tip amount on the bill and pay with a credit card do yall ever see it or nah?

[@lukesolsbery9760]

@@GrumpyCat8000Typically yes, at the end of the shift most of us get a record of it/them.

[@danielgant2214]

The most important thing about keeping any cash at home, don’t tell more than one or two most trusted family members. And tell them to not tell anybody. There are people that will invade your home for very little.

[@tangents6299]

Sure fire way to get it all out there is to say Don't tell anybody, lol

[@burly636]

My brother and son knew I had money in the house. I had no problems. But you better trust them.

[@cherylmcleod6482]

Recently had the experience of having my bank issued debit card declined. After some phone calls and questions, I learned that the bank has placed a $1500 daily limit on spending. That is MY money!! Only keep enough to cover your monthly bills! The bank is not going to control my money!

[@kagnewcobra5228]

Easy. Lift the limit or I'm out! They won't care so why should you. Banks are friendly but they are NOT your friends.

[@jakethesnakelover]

Can’t you just increase the limit?

[@ws775]

Write a check. Its called a demand deposit for a reason.

[@HomethaSick]

Get a new bank.

[@grandmajane2593]

Not so long ago I tried to pay the dentist $3,k for some work with my atm card. It was refused . I was so embarrassed and the dentist didn't trust me enough to take a check. So I had to charge it on my M/C card, which I did not want to do. I wish I'd had some cash money with me to put down on the counter!

[@YankeeStacking]

I disagree. Leave ONLY what you need in the bank to pay your monthly bills. Not savings! I know Dave hates Preppers, but imagine his face when there’s a protracted and widespread bank holiday and you can’t get your cash. I used to work at a bank. This is not a fantasy. It’s simply not worth leaving large sums in a public bank. “Be the Bank!”👌🏼

[@rickadams9]

I'm with you on that one. Just enough currency in the bank to pay the bills. The rest gets traded for real money

[@alexisvalere4095]

Exactly.

[@dontblameme6328]

It's happening... Not in the form of a "holiday", but bank shutdowns are coming none the less.

[@lynncoffin180]

So, Mr. Yankee Stacking, where would YOU stash you money that's currently in a savings account????

[@lynncoffin180]

@@rickadams9 What do you call "REAL" money???

[@andrewt248]

"Cash is king" means buy what you can afford. If you can't buy it without going into debt, you can't afford it. Most of us, myself included, had to learn that the hard way.

[@scooterbob4432]

The cost of money can be expensive. Good you use your own money. Smart move.

[@XFizzlepop-Berrytwist]

Well very few can afford a house with cash. XD

[@Platinum-Ninja]

I guess your goofy ass will never own a home unless you have 400k sitting around the house lmao

[@Platinum-Ninja]

@epop-Berrytwistexactly. you cant get these braindead ramsey drones to accept the average man doesnt have 60k or even 20k in cash to buy a fkn car outright or 400k to buy a home with cash. Credit isnt the devil lmao...what they all do is project their own poor self control out onto everyone else. THEY cant handle credit so the Ramseyites need credit to be the devil so they can shun it and pretend everyone else need to do that too lmao

[@taylamayde]

wrong video

[@jaytomson7052]

Short answer is "as much as you can keep your mouth shut about" fire-proof storage is a must.

[@StillMe69]

I live in Texas, no need to keep my mouth shut. We are like a fort with a brand new fence and I see everything that happens around the house. I've always kept very large amounts of cash at my house. Nowadays maybe I should put the coroner on speed dial just in case and tell them to bring a shovel because there is no need to stop firing until I'm out of bullets. Thats how my neighbor thinks as well so maybe they should bring 2 shovels

[@oneofgodschildren]

Mason jars don't burn

[@StillMe69]

@@oneofgodschildren They don't burn, they burst.

[@SouthoftheBigChicken]

Always keep some cash at home. Listen to the stories of Hurricane Katrina, no electricity, no banks, no ATM's, no cash anywhere to be had. I keep coins, bills of $1,5,10, 20, and 100's.

[@takodashabbael8794]

This happend in Virginia as well no power for 2 weeks . Glad I had cash

[@hubster4477]

Cash for what? Gas stations are closed or wrecked, stores are closed or wrecked. During hurricane season its not hard to stash up on gas and food and water, and a water purifier.

[@chrisrodak2854]

What’s your address?

[@takodashabbael8794]

@@chrisrodak2854 777 Gunshot lane

[@AllynHin]

@@hubster4477 After a catastrophic event like Katrina, yes the stores were wrecked but places like Lowes and Home Depot brought building supplies (plywood, lumber, screws, et al) and home emergency items (batteries, tarps, et al) out into the parking lot to sell. The buildings were unsafe so you couldn't go inside, but folks could still buy essentials to patch up their homes and try to save what they had left. There was no electricity even to run a cash register, so store employees with a cash box were doing transactions in cash in the parking lot. Exact change was a priority so when you stash cash for emergencies, make sure you have a lot of small bills. If you have cash, you might also be able to get stuff from neighbors, like dry ammo, bottled water, or canned goods. For most emergencies, you stash enough food and water for three or four days, but after Katrina, there was no electricity here for two weeks. and it was six days before emergency services started showing up with MREs and bottled water.

[@lindawer]

Actually it’s not a bad question if you lose power due to a weather event and need some cash to survive for a couple of weeks and ATMs aren’t functioning.

[@estyria5961]

Exactly! Perhaps one month worth of expenses, since most disasters are resolved in a single month or less. And, honestly if the power is out for more than a month, we've got bigger problems than cash...

[@shondathomas7825]

But the other side is if there's a house fire, there goes your money that's under the mattress

[@annanicole7642]

True. We live in Louisiana and this is exactly what just happened. Couldn’t even buy a tank of gas or food without cash

[@TheDjcarter1966]

Which is why Dave said $5-10kvil in a home safe (waterproof and fireproof) is OK

[@obamnaprump4262]

I learned this recently. I didn’t take out enough cash before Hurricane Ida and it was over a week before I could get to an ATM and even then it was a struggle to find one that worked. Luckily FEMA was able to provide basic supplies and we were able to get hot food via the generosity of others, but not having at least a few hundred dollars in the house is not a mistake I will make again.

[@rolfeliason5950]

If it is so safe to keep cash in the bank, why were banking laws changed in both Canada and the USA to include Bank bail-ins? CDIC and FDIC won't cover a bank run.

[@zichragland8880]

Exactly

[@carmenlauri6271]

What's a bank run?

[@frederickwise5238]

@@carmenlauri6271 When everybody and their grandmother WANTS THEIR CASH OUT AT THE SAME TIME!!! Banks do not actually have ALL of EVERYBODY'S money in the vault!!!!!!!!!!!!

[@Brucev7]

How many times have news reports, articles said, Banks would not allow withdrawals? Many.

[@hansanderson6607]

Tips: Buy a good, fire "proof", heavy "gun safe", that weighs at least 1,000 lbs, then bolt it down to a concrete floor. Put an additional, small, "fireproof" box inside the large safe for additional protection. That will cost you about $2000, but it should give you about 3-4 hours of fire protection for your cash. Plus, you can store a lot of other valuables inside the larger safe. I wouldn't recommend keeping more than $15-20K in cash at home, unless you are willing to buy a much better "gun" safe, that has more weight, thicker steel in the body and door, and better fire protection, but then you will spend $4-5K for it. Do NOT buy a small safe, that can easily be wheeled out of your home in a hurry, only to be cracked open later at the robber's convenience. A really "good" safe is a good investment. You can always sell it if you have no use for it, and if it is a really good one, you will get MOST of your money back on it.

[@zichragland8880]

And somebody kicks the door in and puts a gun to your head and says "open it." Hard to hide that big ole safe.

[@norcaldeemichaels]

I have a small, easy to find (master bedroom closet) and haul away safe with 10 pounds of bagged sand inside. The main one is camouflaged as something a thief wouldn’t be interested in and in another part of the house.

[@InceRumul]

It's important to remember that most homeowner/renter insurance policies have tight limits on how much cash they will cover in the event of loss or theft. Unless you get a special policy on the contents of your home bank vault, it may not be recoverable.

[@AKAT1980]

So my question is, does it outweigh the ramifications of what would happen. If the bank gets a hacker, economic collapse, ceo greed or just red flags. On large amount of cash getting extracted from your account?

[@nicola6234]

Yup, a house in my town burned down a while ago, it was so hot that their safe imploded. They claimed they had over 200k in cash in there and nothing was recoverable.

[@jarredl990]

@@AKAT1980 Your money is worthless in the case of an economic collapse anyway...

[@stitcher4729]

@@AKAT1980 Hacker? Don't you have a statement showing your balances?

[@AKAT1980]

@@stitcher4729 Sure, but how does that negate everything I said?

[@adamthomas7514]

Just for everyone's situational awareness regarding cash: Please don't try to fly on an airline with a bunch of cash. TSA/police can and have confiscated large sums of cash. They can use almost any excuse to do so. So, if you're traveling by air to buy something expensive and you need cash, put your money in a bank with branches all over the country, or just do a wire transfer.

[@RG-hf4et]

Good to know but I won't have that problem. 😅

[@coastal5228]

Can't fly with more than 10k

[@donm3844]

I have kept 250k in my home safe forever, I have seen homes at auctions where I needed 5,000 to put down on a Sunday, or seen a classic car that was a good deal on a Saturday after banks are closed and was always able to get the cash and buy things when needed. So I have always kept 250k in my home safe and when I take out 10k I put 10 k back so it's available if needed

[@redscorpion9325]

$250K sitting in High Yield Bank or Treasury Bond could earn you $12,500 or more a year or $1041 or more depending on interest rates which I came up with those numbers on 5% interest rates but I understand that you want to keep money in Safe because its the fastest way with withdrawal money without answering to Banks or waiting a few Days depending on how much you’re taking out plus Emergency money in Cash is safer to some People

[@donm3844]

@redscorpion9325 I have definatrly made a lot more money, by having cash on hand and in my home then sitting in a bank making 5 percent interest, I couldn't tell you how many times I seen a great deal on a car, truck ,atv ect took the cash and within 2 or 3 days doubled my return on investment, over a year instead of making 5 percent interest, I have easily made 10 to 20 percent interest just having and using my own money, I have bought land and homes also, where I was able to immediatly secure the property,then buy quickly and flip within 60 days for for much then the measly 5 percent bank interest, I understand for a lot of people it's hard to keep even 1000 dollars at home ,but 5 percent bank interest that you have to pay taxes on is nothing compared to the interest you can make by having your own money in your control and ready to use when needed, I say use your own money and keep what you can at home and make a lot more then bank or treasury interest and pay zero or little in taxes, compared to keeping it in the bank.

[@highvel-kq2to]

Same. Have nearly 300k in large bills in "fireproof" bags in my firearms safe. Never worry about cash and flow for the rest of my life. Screw the banks and Investment planners.

[@gregorymalchuk272]

That's just ridiculous amounts of money to have sitting around, decaying from inflation, and at risk from theft and fire. I wouldn't keep more than about $20,000 at home if I even had that kind of money to spare having tied up in investments.

[@irocitZ]

I'm a city person, I like cash as well. I like it in my pocket. Also, she asked if you were to keep it at home "where would you keep it"? I wouldn't keep it in a safe, I'd definitely keep it in a safe place though.

[@dianamattson1195]

A fireproof gun safe is best. It's hella heavy and can be bolted to the cement subflooring. Best to put it in an unassuming closet out of sight. No need to advertise that you even have it. Use for firearms, cash, metals/junk silver, jewelry and important paperwork (titles, birth/death certificates, insurance information). You can even pack the firearms/cash/metals/jewelry and paperwork in a backpack that can be quickly grabbed in case you need to bug out because of natural disasters.

[@Bob-yh7ir]

Like others have stated, it seems some people mis understand what it means to pay cash for something. "CASH" in this case means being able to write a check to cover the whole cost of something, aka. a car or lawn tractor etc. Or to wire money directly from bank to bank, etc. When I buy cars, I write a check. I don't take 15 K to the dealer. The other thing that he should have mentioned to her is that if you have a larger sum of money on you and the cops stop you for any reason and find it, they can and will take it under civil forfeiture, even without charging you with anything. It's a stupid law that has cost a lot of innocent people headaches in getting their money back.

[@josephandreuccetti3706]

Drug money most of the time, so an honest person has to prove hes not a dealer or doing othermalicious crimes

[@BricksSmith]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@Dariol990]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[@LilianShevin]

Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

[@stan374]

It's a great idea to have a conversation with financial advisors like Amanda Martin to reshape your portfolio.

[@DaliaBrown-b2e]

I spread out my $25k portfolio across various markets to diversify my investments.

[@bsquarebuilding]

That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.

[@mjrmanson1]

Living in CA where wildfires and earthquakes can cause power outages we keep a few thousand in a fireproof safe. If the ATMs are out we have quick access to cash. Also we have cash available for things we pay cash for so we don't have to keep going to the bank/ATM to get cash to fund our budget. One less thing on our to do list is always nice.

[@MrTmenzo]

Do you live in a mountainous area because I live in CA and not in an area where wildfires or earthquakes are an issue

[@paulk9985]

CA here, too. You should keep some in your car(s) as well. What says you will be at home when tragedy strikes? I am very un-prepared... most of us are un-prepared. What are you going to do with that cash, when the roads are impassible? What will we do when the water supply is contaminated? What will we do when electricity and gas lines are severely damaged? Cell phones?

[@ibberman]

Had 30K in our FIREPROOF safe, gone in the wildfires, everyone we know that had fireproof safes lost everything inside the safes, guns, cash etc. The safes (expensive ones) are only made to resist a short lived house fire, not a raging wildfire with high winds (more heat for a prolonged time). Its not that the safe was melting, but the heat inside the safe is so great, anything flammable inside is gone.

[@zichragland8880]

Certainly hope you are not using your real name on this YT account.

[@bgueberdenteich5206]

@@ibberman Do you realize what great service you provided with your explanation ? Thank you !

[@shelleyirwin6104]

Excellent question. Thanks for asking it. I’ve wondered how much cash to keep at home also. I wouldn’t keep too much because it could get lost in a fire or if something happened to you and no one else knows where the cash is it may not be found by your heirs. As far as buying a car, I bought my 2015 Jeep for 10K. They could only put 5K on my debit card so I got a cashier check for the remainder. No cash in a suitcase 😊

[@paulbunyun3663]

that 5K in cashiers check, the bank will fill out a form to the IRS..anything over 3K

[@shelleyirwin6104]

@@paulbunyun3663 it was over 5 years ago so I’m not concerned

[@bonniegirl5138]

Lots of people want to do the safest thing but don't trust the bank. And with civil forfeiture, they don't trust the cops either. As naive as this lady may be, would that we were all as innocent of worldly things. May God bless her and keep her.

[@RGraw]

I mostly agree with this, BUT after what happened in Canada, it only takes one left wing dictator to freeze access to your own money. Now it suddenly seems that keeping more cash on hand is a bit wiser.

[@BasementEngineer]

RG: Wrong! Only the accounts of those involved in the illegal blockades were frozen. Even with that action, I believe the banks, who actually froze the accounts, are in for some serious law suits.

[@burnerloco4138]

I agree

[@scotstewart4011]

Yup, Taking my money out of the bank bit by bit. ( I am Canadian )

[@markdavid4897]

I do not trust banks, and politicians are even worse, much worse.

[@jasonhapichuk2906]

U got it !! Trudeau for jail

[@larrytucker222]

My Dad kept 10k in an envelope in a drawer. Never told my Mom it was their. Said if she knew, she would spend it. Only found out about it when he went into the hospital.

[@Tehui1974]

LOL. Sorry to laugh bro. That's a funny story though.

[@sad754yt]

Best to wrap it in foil and put in the freezer. Almost looks like a NY strip.

[@DUNEATV]

Your Dad was a smart man

[@Jimfromearthoo7]

@@sad754ytyou keep cold cash in freezer😂

[@donnapatacchiola6942]

There

[@dontblameme6328]

The biggest problem with cash is the store clerks don't know what it is.

[@louoldschool7047]

the cops were called for a 2 dollar bill once

[@baublesanddolls]

They certainly don't know how to give change.

[@mt-nv4jd]

And they don't know how to count.

[@Goaltimer]

They may think you are some dealer.

[@mt-nv4jd]

They know what it is, they just don't know how to count it.

[@irishman4671]

I keep 5k in a safe in my house "just in case." Not sure under what circumstances I would need it, but it makes me feel better. I had a very eccentric friend that buried tens of thousands of dollars around the city we lived in and had a map to where it all was. I moved away and he then passed away. Not sure who got ahold of that map!

[@cheerfulmouse]

What city and state?! 😅

[@irishman4671]

@@cheerfulmouse lol. Nice try

[@maurice2014]

@@irishman4671 or he could've died before he could

[@xyla2235]

this is a cool plot for a movie

[@irishman4671]

@@xyla2235 I was just thinking about him yesterday. It would be a cool documentary or something. My best guess is that money is still buried.

[@Magnus-pm7ic]

Dealerships literally don't care about cash deals. They rather hook you for the finance charges on top as well

[@aundybkoo]

Yep. They will not take much off the cost of the car unless you finance.

[@mikejennen3117]

I was going to comment the same thing. These guys are a little out of touch with new car buying these days but they aren't the type to buy new or advise us to buy new. Used car prices are so high right now that buying new is becoming more attractive.

[@mt_gox]

@@aundybkoo Negotiate the price after telling them you're financing it with them. Once you joo them down to the price you want, tell them you changed your mind. You're paying cash. I've done that three times and it works. They get furious and I laugh in their face.

[@Flipper86]

@@mt_goxI contacted a dealership in the next town over and had an emailed quote in hand. The manager’s face was hilarious when the salesman showed it to him.

[@davop4919]

When buying a car you don't say a word about cash until you have a deal in writing 😊

[@MartianAmbassador69]

Just for context, I'm a mid-30s millennial that never goes to the bank because I have direct deposit, and pay all my bills online, or via check. Whenever I get cash, I keep it at home. I'll then use that to gift. Generally, I have anywhere from $500-$2000 at home at any given time. I think that's probably reasonable.

[@bloomonlinewithruth]

I'm a boomer and do the same things.

[@beautyRest1]

Now all I need is your address and the times you are usually not at home😀👍🏼😁

[@MartianAmbassador69]

@@beautyRest1 honestly, I thought my amount was low. I know people that keep many multiples the amount I keep.

[@beautyRest1]

@@MartianAmbassador69 let me know their addresses as well!!😀😅😃😁

[@MartianAmbassador69]

@@beautyRest1 🤣

[@Armstrong741]

I got out of the real estate investing market about a year ago. I think it's time to get into the stock market but what's the best strategy to invest around 200K in this current market?

[@Marquez919]

It's wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important..

[@ashey-l3y]

Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.

[@RobbStonee]

Hey friend, How can I work with your Fiduciary?

[@ashey-l3y]

*Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@ashey-l3y]

*Marissa Lynn Babula* is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@RobertHastings12]

My dad kept $75k in cash in a damn Rubbermaid container in his bedroom closet with no lock on it and also barely hidden, "just in case of Y2K." My junkie sister stole it all.

[@trishcrr]

Would it have been so hard to give her a straight answer? She asked with all sincerity and all they did was make fun of her. My husband sent me the link to watch it since we have just had this conversion so I expected some guidance. All I got was disrespect for Dave Ramsey!

[@Onespoken1]

I agree

[@justinballard7242]

He gave her advise. Put it in a bank. Put on your listening ears

[@grandmajane2593]

@@justinballard7242 I think he could have at least told her to shop around for a better paying bank. I didn't like how they poked fun at her either.

[@sad754yt]

I woud say 10k is a nice figure to have in cash

[@Boobtube.]

@@justinballard7242 she didn't ask where she should put it. She asked how much to keep at home. Put on your listening ears.

[@jimpatterson3286]

After my father passed I was finding cash all over the house. Wasn't looking for it but I would stumble on it doing projects for my mother. Changed the carpet on the basement stairs and there was a couple hundred under each stair. Found a mason jar in one of the cold air returns. There's more but I ain't telling everything.

[@jmr9735]

I have a friend whose grandma did the same thing. They found money all over the place!

[@jkell2888]

When my grandma died my mom found hundreds of dollars in the pages of her cook books. Never leave any stone unturned I swear

[@waynechernick3526]

God Bless You and your father.

[@spankynater4242]

That money you found under the carpeting was mine, I put it there for safekeeping. I’ll thank you to return it.

[@steve41557]

Older people also hide cash in books. My friend was finding bills.

[@mathisnotforthefaintofheart]

Let's take "cash" in its literal sense for a moment. Some time ago, I had for $80 groceries because of a family get-together we were planning. Checking out my stuff, the creditcard reader didn't work. Whatever the error was, I don't know, but at that very moment, nobody was able to pay for their groceries other than with good old cash. I took out four 20's and I was out on the parking lot a minute later. Thank you CASH! I always carry cash with me and I always have some cash at home.

[@felyviola5559]

Cash is what we really need. Maybe if you have extra money, reserve something for emergency n retirement funds but the problems is if you have more. It's good to invest it in stocks of big companies who can give dividends to investors. Just study their business profile. All investments in this world have risks so try in just a minimal amount n if its OK then add more.

[@paulbrungardt9823]

My financial advisor told me to invest in precious metals---Brass, Copper & Lead==I bought a case of 5.56 ammunition.

[@briansweeney7166]

Smart move

[@MaryCannonRealtor]

You missed the mark on this one. She wasn’t really meaning that she was going to buy a car. She simply wanted to know if you think it’s a good idea to keep your money in a bank that doesn’t pay very much interest and she’s probably not sure that we can even trust the banks at this point. This is the question that I’ve been wanting to ask as well. What do you do with your money? Do you leave it in the bank or do you put it somewhere else to protect it during these times?

[@maxineperkinswordsmith]

Exactly! He misunderstood the question.

[@725jenks]

Exactly what I was thinking. She obviously doesn't trust the banks, many of which are failing, and she was hoping to get an intelligent & thoughtful answer from these numbnuts.

[@pkmcnett5649]

Agree. They missed her point entirely and should be embarrassed. Did she even get her question answered?

[@gloriaanderson7479]

So I should take my money out of a 4% checking account at my bank and bring it home so the dog can eat it. Then I wait for him to poo so I can try to put it back together? Even the Beverly Hill Billies kept their money in the bank.

[@dflowers1477]

“Getting into the land of preppers”. 😂 If people prepped, they wouldn’t watch Dave!

[@MM12684]

When you deposit cash in the bank you become an unsecured creditor.

[@mattnelson154]

always keep around 5k in cash, maybe 10 if you are more well off. Its about having that for life emergency's where a card would not work or be valid

[@wandaherring7526]

Have a friend that carried in 70 thousand for a custom GMC truck. No problems. Only problem is she didn’t bother to put full insurance coverage on her truck. Three years later she ran into a tree and totaled her awesome truck. This is a true story. People were talking for months about she paid cash for her truck.

[@ClaxtonBay123]

@L Cam $100 a month on what Planet? 😂

[@AussieZeKieL]

@@ClaxtonBay123 my insurance is less than $100 a month…

[@sariah2425]

@@ClaxtonBay123 I pay that with State Farm I also have gap insurance

[@BeckVMH]

Most likely, everyone at the dealership and their friends heard about her walking in with $70k. Not a good thing.

[@thetightwadhomesteader3089]

They gave bad/no advice imo! I'd keep emergency money on hand at all times (maybe 10% of what ever you have) you never know when you need it in an emergency. Example: back in Feb we had a ice storm that knocked out power, you couldn't go to the Bank to get money. Couldn't use cards, but some places/people were still taking cash. Seen many times where the same thing happened from natural events. Also recently computers have been down a lot of places I go and they can't use cards till there back up....what happens if it goes down for a extended period. Places likely would still except cash!

[@darylfoster7944]

10% of whatever you have? You must not have much.

[@RedheadedMusic]

Good idea. Living in the PRK,we have catastrophic event more than I would have ever liked to have seen. I collect coins and keep cash for emergency. Always be prepared.

[@stillwatersfarm8499]

Yep the system went down at the grocery the day before Thanksgiving one year. I was standing there with $200 rung up trying to call my husband and explain to him where to find my cash to bring to me, so I could leave. That wasn’t even an emergency. Cashless is a disaster waiting to happen.

[@paulpugh2480]

I think he really miss understood the lady's question altogether. I think she is a newbie she was wondering what's a safe amount of money to keep in your house.

[@2bituser569]

He did say he carries about $1k so probably that’s the amount he keeps on him and at home.

[@ladya3038]

He said..about 10k in a safe! He's not one of those ppl who thinks it's necessary to keep money at home.I do think they ran in the other direction...instead of staying on the path of the question.

[@marymagdalene3004]

He's not very bright and rude to boot.

[@MissTXTee]

Given that I live in a hurricane prone area, I like to have cash on hand, in case I need to evacuate. Oftentimes, electricity goes out, which means businesses aren't taking ATM cards. I like to be prepared.

[@marilynhollingsworth7264]

I learned the power of cash after Hurricane Michael. No banks were open. Everything had to be purchased with cash. Everything! It took s weeks for the banks to open and cash withdrawals were limited. Without cash I would have been in a world of pain. It taught me well.

[@bgueberdenteich5206]

better not let that money fly away in a hurricane, place a brick on it ! lol.

[@George-willams]

This year 2024,don't set your financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

[@VictoriaArmendarez-fk7ps]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

[@David-we3bx1xm9f]

You're right based on personal experience working with an investment advisor, I currently have over $300k in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.

[@Eva.sanchez]

​@@David-we3bx1xm9fHow can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@David-we3bx1xm9f]

​@@Eva.sanchezMarie Ann Treloar She's the licensed coach I use.

[@David-we3bx1xm9f]

Look her up on Google you will find the necessary information and also her web page to make a contact and schedule an appointment with her

[@beccadotelpy]

Gotta love that she said, "Go down to the car store." No way I'm walking around with more than $100 unless I'm making a very specific purchase because (me problem) I have too many experiences losing small amounts of cash. No way I'm keeping more than a couple hundred in my home. If the banks/ATMs are down for so long that I run out of that money...there a bigger problems going on that need addressing as well.

[@robertwalker5521]

You are putting all your trust in people who have shown they are manipulators and cannot - or should not - be trusted.

[@bdentertainment6420]

The “ yeah but hahahahaha” 3:21 got me off guard 😂😭

[@jgallone]

This is a great example of a person that blindly follows the steps without really understanding them. At least she called and hopefully learned something.

[@Bertuzz84]

Yeah lol, pay cash means don't borrow money. Not literally paper notes.

[@Dean-oh4pi]

@@Bertuzz84 😂😂😂

[@stevenporter863]

Caller has to use common sense: Cash in this context doesn't necessarily mean literal cash bills - it means money saved and not financing. Cash isn't the method of payment.

[@BradColemanisHere]

I've heard a ton of stories in person and through his show, but no one quite as oblivious as this person.

[@kmoney4270]

@@charliesanders6930 and with reason. That money yiu deposit to the bank is no longer yours, its theirs. Runs on the banks are the main reason for this.

[@bethanyelaine9949]

Love how Ken let everyone know, he's got something else in his back pocket.

[@greg_216]

A locksmith might cost you $150. A furnace or water heater repair callout might be a couple hundred. A tank of gas during disaster-inflated prices might run you $125. A week of emergency groceries might be a couple hundred for a typical size family. I lived through the Great Blackout of 2003 and for me, that really answered the question: "Do you want to rely on the card machine working when you really need a service?" And the answer for me was a resounding, "No, I would rather have some cash on hand." My advice would be $400 for the household plus another $100 for every household member -- and don't make it a habit of driving around on less than 1/4 tank. (And I would say those are reasonable minimums, understanding that some people might need a much thicker cash security blanket at home to feel safe.)

[@jerradwilson]

Gas pumps don't operate without electricity, so living in an earthquake prone area, ¼ tank is the bare minimum to have, but preferably a ½ tank.

[@greg_216]

@@jerradwilson Agreed. Same goes for hurricane zones in hurricane season and winter storms in places that get them. Waiting in line for gas when you should be evacuating or freezing to death in a stuck car is just dumb and often preventable.

[@lifeisgood15]

I have always filled up at 1/2 a tank. Lesson learned from my Dad. I don't drive that much, but on a full tank, I could get 300 miles away if need be. Also, with vendors charging 3% surcharge to use a credit card, I pay cash instead of credit cards. I pay all balances monthly. I refuse to pay extra for the convenience. I have not paid credit card interest for over 25 years. Took a lot of discipline to get to this point.

[@Eli-qr9hc]

Keeping cash at home seems to be safer than trusting the banks

[@jdahighroller9389]

He could have just said 10k and be done with it! 😆

[@brandonrunkel6290]

Love how Dave tells the world he carries $1000 in his pocket LOL.

[@AntAnt]

when dave says pay cash for big purchases she took it literally

[@2Cambell]

I probably would have before I realized that I could transfer funds. 🤭

[@jimklemens5018]

I just write a check.

[@issaa3565]

Some of us take instructions literally and need further explanation or help thinking outside the box

[@brittanymillerry2327]

@@issaa3565 I never worked a job in my life and already understood what pay in cash means.

[@cindykelly807]

Ant---Lol!(: right?

[@davidgrg117]

I think, Ramsey missed the point of the question of keeping cash at home. If Police ever visit the woman asking, they will confiscate lose cash. End of story. That was her question. He didn't answer her question.

[@tomchristian9932]

Do not allow a search without a search warrant….. cops can get sued for seizures…..without legitimate cause! Having large sums of cash is not illegal….

[@Black_Jesus3005]

Just be carful of civil asset forfeiture when carrying a lot of cash.

[@martinparmer]

I think the TMM book answers the question. $1000 is what Dave recommends to keep at home for emergencies even though he never said it on this video.

[@liudizzle]

He just said he keeps $1000 in a money clip in his front pocket

[@stillwatersfarm8499]

He said 5-10k was fine in this video.

[@annstockwell5351]

“In the land of preppers” is where I’ve decided to dwell amidst the chaos that’s in this world. Jesus is The King of Kings. Cash is just a tool. I keep mine close so I can use it when I need it.

[@keybored67]

if shtf hard, you can always burn it to stay warm

[@sweetpeathebreadtamer411]

🔑

[@james1787]

I keep some at home only for use during an emergency where power / communications is disrupted. I’ve seen it a few times here.. stores had no power but food stores / gas stations were accepting cash.

[@smokinhalf]

how do you pump gas without power?

[@terrihamilton6166]

@@smokinhalf I've see it happen after Hurricane Katrina, almost the whole State of Louisiana, Mississippi and Alabama had no power. They had generators to pump gas, but we had to pay cash for gas and any snacks you purchased. The generators was only used to pump gas so people could evacuate.

[@RolandeKretzschmar5]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

[@Rubie-q4s]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@DedeBargmann]

how do I get in touch with this consultant that assist?

[@Rubie-q4s]

STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later.....

[@DedeBargmann]

Thanks for the info . Found her website and it really impressive

[@lewisdudchock7133]

You can't live in the USA if you are losing money in this market!!!

[@Recovering_Californian]

$1-3K at the most at home. Need to store it in a cool dark and DRY place. Temperature, light, and moisture will RUIN your paper cash real quick. Make sure you check on it every few months to make sure it looks all right. Also, have some SMALL denominations in that cash. Don't just keep $100's where nobody has change.

[@raallen1468]

Put it in a cool, dry place. TravelingWilburys.

[@dababycar2899]

If you have a good safe 5-10k is ok

[@danielsoto_toronto]

In Canada we dont have that problem the bills are made of plastic 😂

[@devengudinas1649]

Should have it in a good fire prof case or safe

[@blackworldtraveler3711]

@@danielsoto_toronto Why is storing money in a cool dry place a problem? That's how most things are stored.

[@byrdmania4895]

10K cash at home is not a lot. Better at home than in a bank.

[@trucker_lukew]

'I'm not muggable, I'm just huggable!' has to be my favourite Dave quote yet!

[@carolynhough9231]

I appreciate this video This is exactly what I need as motivation 🥰

[@mrbaboy]

And I'm over here thinking what I need to do with my $600. 😂

[@russt210]

Sounds like you have never had the IRS freeze your accounts because of a $400 error. all your automatic payments stop; No house payment, no auto pay, no electric/water payment, nothing out, but the system will accept your payroll direct deposit which is immediately frozen....

[@InesSantidrian]

I'm from Argentina, after "el corralito" I never trust any more in banks, they still owe me 7.000 US dólares and I am supposed to collect that amount in 2038 and it happened en 2001. So if you save and keep cash in your home, the way to keep it safe is don't tell anybody.

[@williamsestrom6355]

She won't get a discount by paying cash at a dealer - they make money off her financing. What Beverly should do is finance the car, make sure there's no prepayment penalty, then pay it off at the first payment. Financing it will get her a better deal because the dealer gets his spiff on the note.

[@tangents6299]

interesting

[@zoelynch295]

There is a valid question about how much cash to keep in hand in case of an emergency, power outage or electric grid attack.

[@buckybarnes3803]

Up to about $5 - $6k. Fireman said keep in a fireproof safe inside a larger metal safe

[@zoelynch295]

@@buckybarnes3803 thank you!

[@dawnateervlogs1112]

'I'm not muggable i'm just huggable' love that 😂

[@ronaldcliffin9020]

Because his other hip has the .45 and that's not loaded with a money clip. =Huggable not muggable.

[@kaymcclurg1184]

My MIL used to have a old toilet in the basement and kept cash in there thought it would be safe from fire in there! Lol

[@ar007r]

I keep about 3 grand at home for emergencies and it comes in useful for things like home repairs since you can often get a deal or avoid taxes with cash. Its difficult to go to the bank when you have something unexpected to pay for like that.

[@aundybkoo]

What's wrong with prepping Dave?

[@dianamattson1195]

If everyone was a prepper, they wouldn't need Dave. His little empire would crumble.

[@phpcrafters]

In a few countries like Cyprus and Lebanon banks seized assets of customers without warning. So I would not laugh so hard about hiding cash at home. No one ever thought it was going to happen to them until it did...

[@carole3708]

Yep.

[@coreywilliams1454]

Not entirely true. Your cash in a bank isn't really yours in a physical sense, the bank uses it to give mortgages, small business loans etc. It's only yours in the literal sense when you withdraw it. The banks you mentioned didn't have the physical money to give to everyone that wanted to request it, the money was still theirs though.

[@phpcrafters]

The money is gone, in Cyprus, they irreversibly did a haircut on some deposits. In Lebanon, none of the depositors will get anything(I am confident of this, I'm familiar with the criminals running it) we can argue philosophically about who owns what, but the bottom line is, people lost their money.

[@davidstring8301]

Do Lebanon and Cyprus have an equivalent to the US FDIC?

[@spankynater4242]

And Canada.

[@Ewoonation]

1000 in the drawer, 100 or less in the wallet.

[@sarahwaters8262]

Not enough in the drawer IMO

[@Ewoonation]

@@sarahwaters8262 I'd say at least 3k then.

[@randomanon2999]

People watching from Argentina: "No amount is too much"

[@carmdurso3842]

Dave has this to show off how wonderful he is and wastes no opportunity to let ever know how much better he is .

[@wwShadow7]

It's not a bad idea to have $10K laying around. Someone I know had their dad pass and finding that $10K helped them take car of burial costs and things, while estate issues were worked out. Plus there's a lot of parallels with the 1920s and the 2020s. Having your bank account close, when the banks enter an era of IFFY, is not a terrible idea. I tend to make multiple trips to the atm in a given week, and at least 1/3rd of the time it's broken or empty. Even on weekday / work days and banks with more than one ATM, and all of them are offline.

[@PowerNGlory]

Then go to a different ATM for crying out loud. To be honest I don't believe a word of what you are saying that 1/3rd of the time they are broken or empty.

[@wwShadow7]

@@PowerNGlory The next nearest ATM is 20 miles away. At least for that branch of bank that doesn't charge me money to get my money.

[@lynncoffin180]

@@PowerNGlory My banks' ATM's have never been broken or empty. I've had trouble reading the directions because no one ever cleans the screen, so have to go around to the bank window.

[@adamseidel9780]

Google, what is the FDIC?

[@davidstring8301]

They could have bought what is essentially a small whole life insurance policy through a funeral home to cover the burial and funeral costs. That served the same function for us when a relative passed and made everything easier because the funeral home went through with the deceased all of the details they wanted, down to the dessert to serve at the luncheon. DR doesn't recommend whole life because the money would grow better invested yourself. Keeping $10k under your mattress isn't growing at all and carries an unreasonable risk of loss if you're robbed or the house is burned or flooded.

[@wordman3624]

Save some at home and some at the bank and a little more elsewhere. That way if your house burns down, you still have money in the bank. And if the bank suffers a financial crisis and you can't get your money, you still have some at home. And if both crises occur, you have a third option.

[@pawwalton2157]

He really DID NOT answer the question!

[@johnkempter8162]

He said he didn't have a problem with some of his friends that keep 5 to 10 K in cash their homes in a safe though he didn't tell her directly it was still an answer!

[@billwithers1349]

depends upon how you stash it, protect it from fire and thieves, how much you can stand to lose. For most folks, I'd say $5000 is pushing it. If you're a black belt, carry a gun, wear armor, scatter it around in several safes, 20k might be all right., if you're not in a flood zone or fire-storm alley.

[@audreywy1743]

It always amazes and FREIGHTENS me how people take things literally.

[@Jane5720]

It’s frightens

[@MalachiMunn]

dang did it makes you gain weight?? “it freightens me” 😭😂😂

[@MrRba122]

I think she didnt mean nothing bad about it. She just seemed pretty innocent lady.

[@brittanymillerry2327]

@@MalachiMunn poem words

[@AnthrozoologyTV]

Well misunderstandings and differences are what make the world a beautiful place. This world and the USA is so diverse with people from all walks of life with different teachings and upbringing. So although its easy to be a keyboard warrior and pre-jude someone's understanding and their cognitive ability, just don't. She's sitting on 70k in cash, whatever shortcomings she may have, she's still doing well, Let her live and show a little compassion. Have a blessed day.

[@colbywallace7798]

Mad respect for Dave Ramsey for concealed carrying

[@be14mi]

Is that what he meant by something else in his front pocket as well?

[@colbywallace7798]

Brandon Easton yeah it is

[@colin1818]

@@be14mi - He's mentioned before that he carries. He's a 1911 guy if you're curious.

[@theshawnmurphyjournal2946]

Can't do that in Canada unless you want to carry an illegal gun.

[@diannemc3179]

@@liveyourbestlife1878 Arizona too🌵

[@andielliott7721]

Hey! I'm a long time "Dave" believer AND a "prepper". Nothing wrong with that.

[@jstyleent]

Dave has his emergency fund in his front pocket lol

[@spankynater4242]

*Starter* emergency fund

[@jayslay1000]

Y’all laughing at the old lady but having 70k at home is a good problem

[@gmrrnracr]

What if your home is burglarized or your home catches on fire? Then what? Home owners insurance companies only cover a small portion of “assumed” cash on hand……..DEFINITELY not 70k

[@Postokon]

@@gmrrnracr mine will assume up to 150k in cash so do some shopping

[@socketyellow3]

@@gmrrnracr is hope you have a fireproof safe if your gonna store 70k safe. But yeah that’s still excessive

[@gmrrnracr]

@@Postokon I highly doubt that’s true! If so you are paying crazy high home owners insurance

[@ingmarlangerak8973]

Put it on the bank.

[@drmitofit2673]

As the doctor/investor in the family, I have to pay for group and family restaurant meals, EVERY TIME. It's annoying to dine with fully employed family members and they never offer to pay the bill. I never liked handing my credit card over to a waitress to take to the back room (so easy for fraud to occur), eventhough my newest card has 3% cash back for restaurants. Thus I always need a stack of $50's. Also, with criminals targeting bank and ATM customers, fewer withdrawal trips is safer. So for me, I need a modest wad.

[@frederickwise5238]

PS if you do use a C card, ALWAYS make sure IT'S YOURS when you get it back.

[@Real-EstateRyan]

i never heard him answer the question, she said its not like i can buy a truck in cash she was asking a good question that never got answered

[@reubencarrick4320]

You weren't listening then

[@Stefin770]

Replay the video

[@kennethderrickson8840]

Elderly folks who lived through the depression of the 1930's kept their cash in the house like Danny Glover on "the color purple" 😂😂.

[@dhess140]

That's not funny. Do you have any idea what it was like to live through a depression?

[@spankynater4242]

There aren’t a whole lot of people around anymore who lived through the Depression. And those who are still around, are likely so young, that the depression pass by without their hardly noticing. I only recently learned that I lived through the great recession, and I am by no means young.

[@seventhchild7270]

There are many people still alive that lived through the DEPRESSION and still member it!...just consider the number of people that's still alive , and not to mention researching the great DEPRESSION

[@kiwiskiwi]

as someone not from north America, many of us use the word cash for physical cash lol. Bank transfer/eftpos/debit card/bank wire is what we generally mean by buying without debt. I can imagine a few older people who dont use bank cards/internet will run into this!

[@OhavYisrail]

As a prepper, we don't even keep that much laying around in cash. A few grand sure but not hundreds of thousands in paper money.

[@bmacattack615]

Read your homeowner's policy. Mine says it only insures cash up to $500 in the event of a fire or whatever. However, because of the way banks won't let you withdraw what you need without notice, you have to keep more for an emergency or potential purchase. I would have lost out on buying a car because my bank of 30 years would not let me withdraw less than $20k without giving them several days notice.

[@SalisburySnake]

Every Beverly in Idaho is now in mortal danger lol

[@nrqed]

Lol!

[@joann5157]

I told my husband the same thing.

[@1960markN]

I wish I had the freedom to go to a hospital in Idahofor shoulder surgery or to have a pre-cancerous mole removed, but I guess all those vaxxer/deniers exercised their freedom first.

[@specom]

@@lmnop01 Vax nazis are becoming like rabid pro lifers. Every conversation has to be high jacked for their self righteous obsession .

[@preciousgem84]

Especially Boise to be even more specific.

[@monacallender721]

I believe that anyone what wants to keep their money in their home than so be it. I’d rather trust myself with a burglar coming into my home than the banks taking it.

[@busterbud]

But there are more types of risk than a burglar, such as a fire that could start when you are not home, or if you are home it spreads so fast you can't rescue your money and it goes up in flames and cash that has been totally destroyed can't be saved. At the least, keep it in a fire-proof safe.

[@gloriaanderson7479]

I've had my money in banks for 40 years. How are they taking it? Unless you cannot handle your accounts and are paying fees.

[@silent1967]

I leave enough in the banks to pay bills. I pull the rest out.

[@ibberman]

Out ??

[@silent1967]

@@ibberman Yeah out, where I put it is nonya business 🤔.

[@ibberman]

@@silent1967 I understand, didn't know if you meant some kind of investment young man.

[@silent1967]

@@ibberman Thanks for the compliment but I'm 61. I have some invested but it is not doing much. Thinking about pulling it out and buying precious metals. I don't need it so I might just try it.

[@ibberman]

@@silent1967 69 here, so the 1967 seemed young. Ha ha. Anyway, with inflation getting worse the metals may not be a bad idea, but I'm no expert on any of that. At least it will always be there, unlike some other things. You are right about the Banks, I'm not a fan of leaving the money there where it's no longer private.

[@magyart]

I have cash in a money market fund, paying about 4.9%. I keep money in a QQQ fund which extremely liquid. The JEPQ fund is very liquid & pays a monthly dividend. Annual is 10%. My carry around, folding money is about $60.

[@freedomfamily1358]

Thank you for this one i was wondering the same thanks Beverly

[@cheerfulmouse]

This is a gem of a video 💎

[@bclayton430]

I can’t believe this woman actually thought “paying cash” meant literal bills to pay for EVERYTHING 🤣

[@EMo-rx7pm]

Dave does mean use actual cash when he says that. Studies show you spend less. He means things like groceries and small items though, not 70K trucks.

[@johndone8045]

She must be a drug dealer.... lol

[@gmarie3053]

Bless her I’m crying 😂😂😂😂

[@flipmex1]

Dave should probably change his terminology to “Earned Wages” rather than “Cash”. Would eliminate the confusion to everyone over 60 lol.

[@voidfroze]

What exactly was she imagining when he tells people to pay cash for their second home 🤣

[@brianabington2833]

This lady has never heard of civil asset forfeiture. If she got pulled over driving to buy a car with $70k on her the cop would assume that only drug dealers carry around that amount and seize it. It's a shockingly common occurrence and you often can't go to court to prove your innocence.

[@TeeTee-bz3pv]

My father walked in the bank with 30k in cash, they sent him back to the bank

[@MartianAmbassador69]

Bull. Police aren't going to assume an elderly woman is a drug dealer and seize her money. Unless she did have a stash of drugs in the car and was a drug dealer.

[@roselee4445]

@@MartianAmbassador69 he is correct, big story in Louisiana and a guy in ohio

[@pkmcnett5649]

That is what she was trying to say. Dave missed her point.

[@YanilleCastillo]

I pray no one knows who’s the voice calling in LOL