NO implication Joseph Ruiz is doing anything morally or legally wrong, here. Just a warning: Hoarding cash (the technical term for putting money in a safety de

NO implication Joseph Ruiz is doing anything morally or legally wrong, here. Just a warning: Hoarding cash (the technical term for putting money in a safety deposit, or under your bed) is a really bad way to save. The current inflation rate is 5.3%, that means you lose 5.3% of the value of any savings each year. Prior to the pandemic, you could get in the region of 2.5% interest in a long-term savings account. That would cut your loss to 2.8% per-year. Currently you'll struggle to get anything over 0.5%, but it's still something. There are options that involve risk that might get you net-positive in the long-run.