4 ms·

Well, yeah. Let's say someone has $100K in cash, in their home. What is their profession? All of the answers I can think of are criminal.

by theamk 2y ago

Loughla 2y ago
I buy, restore, and sell woodworking and metalworking tools and vehicles. If I did it full time I could have that much on hand. I think I have like 25k in case a really good deal pops up, and it's a very side gig.
- toyg 2y ago
  In which case you really shouldn't tell a public forum about it. Maybe it's my jaded European mindset, but - rich people have been a target since the dawn of civilization, flaunting wealth is a good way to attract attention from bad people.
  - Loughla 2y ago
    The chances of someone finding me through this public forum are very low. Following this username takes you to a person from Reddit who I am not. If you follow the clues in my posts, you'll narrow it down to a farmer who also works in colleges, and who lived in the Midwest at some point, but doesn't anymore, and whose parents live in an area of the world that is kind of arid. There's a lot of those type of people. I'm more concerned about locals finding out. That's why I don't talk about the cash I have on hand in my real life, ever. I feel like that's relatively easy to do?
- duped 2y ago
  That's insane and irresponsible. There's a reason that you can't make large "cash" purchases in physical cash - even with a certified or cashier's check you're limited to under $50k total or $100k/day before getting into private banking where your limits are higher.
  - ImPostingOnHN 2y ago
    > There's a reason that you can't make large "cash" purchases in physical cash Seems like you can?
  - Loughla 2y ago
    >There's a reason that you can't make large "cash" purchases in physical cash I don't understand what you mean with this. And also, yes you can? I've purchased cattle (~100k) and vehicles (5-40k) with cash. It's not insane and irresponsible. I legitimately do not understand your attitude with that. As long as you don't walk around with 100k in your hand waving it around, what's the danger? The world isn't as bad as the news would have you believe. Also, Some people prefer doing business without involving electronics. I've bought things using cash, silver, canning jars, and baseball cards. I prefer to barter for goods and labor, but some people prefer cash. What's the problem with that?
llm_trw 2y ago
Computer programmer. You just need to have been in a country that's had a civil war to realise how useful a pile of cash is for getting out quickly.
- beeflet 2y ago
  you are losing a lot of value to inflation to support that much liquidity
  - fooker 2y ago
    If you live in an unstable situation this 5-10% downside per year can end up saving the lives of you and your family. Almost everyone I know if fairly stable third world countries keep about half a month of expenses in cash even after digital payments are predominant.
  - llm_trw 2y ago
    I'm alive because my father did the same. How much value is your life worth?
  - whythre 2y ago
    This mindset can only be born of stability. If your country descends into chaos, having money on hand is better than having money in a bank, and therefore, not on hand.
    - Loughla 2y ago
      Silver coins is my bet. I'm not a prepper by any means, but I always keep some silver on hand. If nothing else, they make good gifts for kids. They feel like little pirates when you give them silver coins.
deleted 2y ago
[deleted]
_DeadFred_ 2y ago
Had a Ukrainian girlfriend that had $25,000 in her go bag, just in case. She was not even close to wealthy and that was a considerable fraction of her yearly salary. She was the complete opposite of a criminal.

Well, yeah. Let's say someone has $100K in cash, in their home. What is their profession? All of the answers I can think of are criminal.

by theamk 2y ago

Well, yeah. Let's say someone has $100K in cash, in their home. What is their profession? All of the answers I can think of are criminal.

Loughla 2y ago

I buy, restore, and sell woodworking and metalworking tools and vehicles. If I did it full time I could have that much on hand. I think I have like 25k in case a really good deal pops up, and it's a very side gig.

toyg 2y ago
In which case you really shouldn't tell a public forum about it. Maybe it's my jaded European mindset, but - rich people have been a target since the dawn of civilization, flaunting wealth is a good way to attract attention from bad people.
- Loughla 2y ago
  The chances of someone finding me through this public forum are very low. Following this username takes you to a person from Reddit who I am not. If you follow the clues in my posts, you'll narrow it down to a farmer who also works in colleges, and who lived in the Midwest at some point, but doesn't anymore, and whose parents live in an area of the world that is kind of arid. There's a lot of those type of people. I'm more concerned about locals finding out. That's why I don't talk about the cash I have on hand in my real life, ever. I feel like that's relatively easy to do?
duped 2y ago
That's insane and irresponsible. There's a reason that you can't make large "cash" purchases in physical cash - even with a certified or cashier's check you're limited to under $50k total or $100k/day before getting into private banking where your limits are higher.
- ImPostingOnHN 2y ago
  > There's a reason that you can't make large "cash" purchases in physical cash Seems like you can?
- Loughla 2y ago
  >There's a reason that you can't make large "cash" purchases in physical cash I don't understand what you mean with this. And also, yes you can? I've purchased cattle (~100k) and vehicles (5-40k) with cash. It's not insane and irresponsible. I legitimately do not understand your attitude with that. As long as you don't walk around with 100k in your hand waving it around, what's the danger? The world isn't as bad as the news would have you believe. Also, Some people prefer doing business without involving electronics. I've bought things using cash, silver, canning jars, and baseball cards. I prefer to barter for goods and labor, but some people prefer cash. What's the problem with that?

llm_trw 2y ago

Computer programmer. You just need to have been in a country that's had a civil war to realise how useful a pile of cash is for getting out quickly.

beeflet 2y ago
you are losing a lot of value to inflation to support that much liquidity
- fooker 2y ago
  If you live in an unstable situation this 5-10% downside per year can end up saving the lives of you and your family. Almost everyone I know if fairly stable third world countries keep about half a month of expenses in cash even after digital payments are predominant.
- llm_trw 2y ago
  I'm alive because my father did the same. How much value is your life worth?
- whythre 2y ago
  This mindset can only be born of stability. If your country descends into chaos, having money on hand is better than having money in a bank, and therefore, not on hand.
  - Loughla 2y ago
    Silver coins is my bet. I'm not a prepper by any means, but I always keep some silver on hand. If nothing else, they make good gifts for kids. They feel like little pirates when you give them silver coins.

deleted 2y ago

[deleted]

_DeadFred_ 2y ago

Had a Ukrainian girlfriend that had $25,000 in her go bag, just in case. She was not even close to wealthy and that was a considerable fraction of her yearly salary. She was the complete opposite of a criminal.