How much Cash Should I have?

Tuesday, September 11, 2012
By Paul Martin

by FerFAL
Sep 9, 2012

If you have been reading this blog for some time you already know that there’s much truth in the “cash is king” saying.

When disaster strikes the “cash only” signs go up. When you have to buy / sell on the go, cash makes it happen. When banks go on holydays and everyone is looking for an ATM with some money left, Cash not only buys you good and services, it allows you to get some pretty nice deals. Since we’re talking deals, nothing gets you as many of those as a wad of cash at the right time. For someone looking to close a sale, the money being physically within hands reach, literally speaking, is an important factor.

When you have to leave everything behind, what you carry with you and what you have in the bank is all you have left, and if the banks happen to go down along with whatever is forcing you to leave, then what you have with you is all you have left.

Looking at different events around the world, if there’s one thing all refugees have in common is that they can all use a fat wad of cash.

The Rest…HERE

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