Posted:
#26
Quote Originally Posted by Mikado:
That are advantages and disadvantages to both sides. Your perception matters as to what is the most important.
That are advantages and disadvantages to both sides. Your perception matters as to what is the most important.
Carrying cash (and lots of it) is risking. I've been robbed at gunpoint before while holding over 2 grand. Before anybody calls me stupid for carrying that much cash on me. I have to say that I was being followed and I was actually on my way to put the money in a safe place when it happened.
So if you do go that route. Don't tell anybody around you that is what you've done.
Banks will gladly take your money and you don't have to worry about that.
I don't really know your personal situation so it would be wrong of me to say take your money out of the banks. Someone already said it can do damage to your credit and if you ever did need a loan or something, you'd be fucked. Also, other than the obvious robbery issue with holding on to all that cash - you also have to think about keeping track of it will be a lot harder. Spending can become a huge problem if you don't know how to control your cash. With a bank you don't have to worry about keeping track of it as each dollar and cent has a detailed transaction description allowing budgeting to become a little easier.
But if you want to do it, go for it. That's real OG right there. Livin 1700's style.
i carry two g.s in my clip everyday... and i got other cats i know that do the same... its not crazy.
sh*t you spend $100 just for waking up each morning and being alive let alone when you may just have a sudden urge to purchase something.
i enjoy beig a dinosaur...aint nothing wrong with it...
just dont be a dumbski and all is good...
0
I think you have it BACKWARDS. Paying with cash or a debit card is smart, whereas trying to build credit by borrowing money is retarded. Saving money for a rainy day is much wiser than paying off your credit card every month. Regardless of your discipline, what happens if you get sick or fired and cannot work for several months? Money saved will get you through this, but you won't be able to pay the monthly bills that your paycheck would have allowed.
Also, carrying around large amounts of cash for an extended period of time is stupid and juvenile. One is just begging for some jealous thug to rob them. A small amount of cash and a debit card should more than suffice in almost any situation.
...me self employed...
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