SHOULD YOU STILL KEEP CASH?


SHOULD YOU STILL KEEP CASH?
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In this video, I want to share my thoughts on the cash! Is it still okay to keep cash? Is it still okay to keep fiat currency or should you focus on crypto currencies and other digital or crypto currencies? Is the US government printing too much that it is not safe anymore to keep cash? Will the US Dollar go to zero? What is your take on this? Or is it safe to just hold on to FIAT currencies because they are not going anywhere?

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#StockSmarts #CashIsTrash #CaskIsKing
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Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value.


In investment terms, Dalio has a point that the returns on cash may be trash at certain times of the economic cycle compared to other investments. However, cash itself is never trash and there are other times in the investment cycle when it is the best asset of all.

An emergency fund is a bank account with money set aside to pay for large, unexpected expenses, such as: Unforeseen medical expenses. Home-appliance repair or replacement. Major car fixes. Unemployment.

emergency fund cash level

How much should you save in your emergency fund?

Most financial experts recommend that you have somewhere between three months and six months of basic living expenses in your emergency fund. The three-month guideline is generally recommended for those who are in salaried positions and have more secure employment.

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Are you searching for legitimate work from home jobs with no investment? Sounds like a pipe dream to me, not the American dream. It seems to me that people are constantly looking for short cuts and easy ways to make money. Not many people want to find the path to success and walk that path while doing the work to get there. The investment piece is the hard part. Monetary investment is an easy investment if you have cash on hand. Most people who have a lot of money can make more money very easily. They invest it, and have other people put in the hard work and time to turn that investment into more money. If you do not have a lot of money to invest in a work from home job, then you will have to come up with other ways to generate income.

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