Ok Anons,
So where are you guys putting your cash now?
Most of my money has been reinvested into my business via debt and personal cash.
My cash account only has money for bills, food and entertainment.
I am looking to park my cash into a "Safe Space" lol :)
What are your thoughts?
I want to setup a transfer on Chase. So if the shit hits the fan.
I can pull it out.
Where should I park my money for bills, food and entertainment?
Pulling out the physical cash isn't going to help because this is for paying bills.
Thoughts?
...in mason jars beneath the southern side of old trees ten paces out marked with a shard of pottery ....
...Grandpa Dog taught me well....
...birch trees with a heart carved in them was the only bank a moon shiner needed...
,,,no paperwork...
...no penalty for early withdrawal...
...open 24/7/365...
Pull physical cash,pay bills the way the poor do, drive to the location and pay or get a money order and mail it
It's a lot of work,but their is no easy solution.
Bahaha jokes on me, after losing my job 4 months ago I have none to put any where lol
:( ugh
This makes me sad anon.
The business that I am working on wants to help this situation.
Our goal is to create more "Indie Professionals" who can control their own fortune.
Well keep us all posted, please! I would be very interested in hearing more. I'm sure others would as well.
Pay off whatever debts you can and move any remaining cash into a local credit union. Most of the bank debts in America are in the form of derivatives...which is just debt owed to each other in the banking system. There is no tangible thing backing a derivative except the bank itself.
BUT!!! Credit Unions are prohibited by law to invest in derivatives.
Any suggestion on a Trusted Credit Union?
Digital Federal Credit Union
Check around your area. Here in East Tennessee we have Y-12 Credit Union and others. Ask friends you trust.
Will do.
Paid for house and land and bought a tractor / backhoe.
You can get a couple of months paid in advance on some bills (utilities, mortgage, etc). You can put it in a sock drawer, under the mattress and/or coffee can in the kitchen. Good luck, friend.
Or in the gun safe🤔
Purchase PMs.
PMs?
Silver gold, precious metals
Ah.. ok cool.
Yes, you would seriously consider buying gold and silver. I recommend SD Bullion
Prime Ministers
Keep only enough funds in your bank account to cover the bills you cannot pay with cash in person. Safely get as close as you can to a zero balance each month after your bills are paid, or a buffer amount that wouldn't ruin you of you lost it.
Everything else is cash money. Budget cash use with an envelope system or something that works for you if you need. Pay off debts to decrease the amount you need to hold in a bank. Keep cash on hand for when SHTF to pay bills with money order.
Thanks for this.
This is kind of what I am doing now. I am going to pay off some other debts with my tax returns.
After that.
I will be stock piling some cash. I need to get a safe.
If it's $ you want to hold for a while I like silver. There's a pretty deep rabbit hole on this but the short version is it could moonshot
My sole investment.
I am hopeful, but pessimistic about the moonshot, but whether the is any real upside potential, I believe there is virtually no downside from here.
I think it's wise to have silver, it will be a lot easier to trade although I'm probably a minority opinion that thinks that silver won't moonshot as much as the silver bugs think . The fact that silver is more important industrial commodity hurts it. But the value is so heavily suppressed the past decade where it should rise substantially when those levers no longer work or taken away.
I agree with every word of that. But the clincher for me is that I can hold pre-64 US coinage, and everyone knows exactly what percent / weight of silver that every coin is. Makes 'constitutional silver coins' the perfect SHTF currency, IMO. I have a lot.
Plus, a couple dozen of my randomly bulk-purchased coins have some significant numismatic value because of their condition or rarity.
Any coin, even pennies? And where do you get them - or do you just collect them as you go.
I have a bunch of junk silver too for that purpose. When I was transporting it on a plane upon a move back home, the TSA agent was wondering what I was doing with a bunch of old dimes and quarters and I said "you guys used to have real money".