Maybe I'm just broke but..

[Ohio1nole]

I went to the ATM the other day to get some cash out. Before I put my card in I noticed the person previous of me left his receipt in the machine. Before I throw it away, I notice that he had 35,000 in his checking account..

Now I'd like to think that I have a decent amount of money in savings for a 28 year old, but there's no chance in hell im keeping 35K in checking where someone could potentially hack my debit card...

I'm in the minority here? Is that the norm to keep that much cash in checking?

 

[LesClaypool]

I went to the ATM the other day to get some cash out. Before I put my card in I noticed the person previous of me left his receipt in the machine. Before I throw it away, I notice that he had 35,000 in his checking account..

Now I'd like to think that I have a decent amount of money in savings for a 28 year old, but there's no chance in hell im keeping 35K in checking where someone could potentially hack my debit card...

I'm in the minority here? Is that the norm to keep that much cash in checking?

I keep that much in my wallet. Before you say you can't, it's not hard when you only carry $1,000 bills.

 

[SeaPA]

If I had that paltry sum in my checking account, the bank would automatically know that I'd been hacked & the CEO would be flying in to apologize to me for their having allowed it to happen.

 

[VirginiaNole]

Meh....anything less than a 100K in my checking accounts and I get a bit nervous....

 

[NDallasRuss]

"Walking around money"

 

[Finance85]

Debit card? Why?

 

[OrlandNole]

Who let the poor into the Locker Room? DFS, are you asleep on the job again?

 

[cmanole]

This is why I write cheques...

 

[Fijimn]

trying to figure out what there is a "but" at the end of your OP if you don't have that much cash.

 

[fsu1jreed]

No way I would have that much there, because other than my house I would be debt free with that kind of money.......must be nice.

 

[ericram]

My butler gets my walking around money for me. My accountants handle the other details.

 

[nynole1]

Classic LR, well done boys!

On a serious note, not many good reasons to have that money in the bank earning virtually no interest.

 

[funksouljon]

If I had that much money, I'd keep it in mason jars buried in the back yard. No way am I giving tha man that much money to steal from me!





<But no, I don't keep that much cash in non-interest account>

 

[F4Gary]

Add another zero to that for me.

 

[DFSNOLE]

Who let the poor into the Locker Room? DFS, are you asleep on the job again?

Trying to diversify. That way we appreciate our lofty status even more.

 

[Ohio1nole]

I'd like to see the actual numbers of what people make compared to what they say they make lol.

There has to be a study available online that shows these statistics

 

[NDallasRuss]

Trying to diversify. That way we appreciate our lofty status even more.

I actually don't appreciate mine at all - in much the same way that I don't appreciate the warmth provided by the sun. Of course the sun should keep me warm, and of course you should bring the car around to take me to the club.

 

[NDallasRuss]

I'd like to see the actual numbers of what people make compared to what they say they make lol.

There has to be a study available online that shows these statistics

There's a point above which it's hard to calculate exactly how much one "makes".

Besides, shouldn't it suffice to know that we're all gilded satellites orbiting the same star of success? You don't need a telescope to appreciate our solar system.

 

[billanole]

It takes money to drink liquor and ride the train.

 

[Banditking]

Maybe he was about to buy a set of speakers or something.

 

[GoNolesTX]

Possible he belonged to a secret society.

 

[Gonolz]

Trying to diversify. That way we appreciate our lofty status even more.

Yes!! We need more poors to make fun of. (yeah, I ended a sentence with a preposition, when you are this wealthy rules don't apply, including grammar)

As to the original question, what if your butler forgets to bring more than a few grand cash and you want to hit up a strip club that doesn't take AMEX Black?

 

[EveryoneBleedsGarnet]

What's really depressing is when you have more than that in your bank account from business disbursements and realize you have to save most of it for quarterly tax payments.

 

[FlashFSU]

Some personal finance gurus say you should have enough cash on hand to live for 6 months after losing your primary source of income.

 

[SeaPA]

What's really depressing is when you have more than that in your bank account from business disbursements and realize you have to save most of it for quarterly tax payments.

Paying taxes is for suckers

 

[DanC78]

Think big OP!!!

Paying taxes is for suckers

My man!!!!

Welcome to the right

 

[JohnnieHolmesNole]

Cash is king. The JHN Family Fortune was made possible because in the 1920s Grandad walked around with several thousand dollars in his wallet. In those days, that was a significant amount of money. When the market crashed in 1929, guess who had money to survive the storm (and to actually seize upon some opportunities)?

Cash works.

 

[Fijimn]

Yes!! We need more poors to make fun of. (yeah, I ended a sentence with a preposition, when you are this wealthy rules don't apply, including grammar)

As to the original question, what if your butler forgets to bring more than a few grand cash and you want to hit up a strip club that doesn't take AMEX Black?

Or corporate AMEX that you colored black with a marker..amIriiiight

 

[JohnnieHolmesNole]

Who transacts business with any establishment that doesn't take AMEX Black? If I see a "Visa" sticker on the front door, I don't go in.

 

[EveryoneBleedsGarnet]

Paying taxes is for suckers

I'm a Libertarian, but I don't want to go to jail either, so...

 

[DFSNOLE]

I actually don't appreciate mine at all - in much the same way that I don't appreciate the warmth provided by the sun. Of course the sun should keep me warm, and of course you should bring the car around to take me to the club.

As one of the Hunt brothers told Congress, "If you know exactly how much you're worth, you're not worth very much."

 

[SoddyNole]

Trying to diversify. That way we appreciate our lofty status even more.

Harumph at the hoi polloi