ILLINOIS MAN’S WIFE WANTS TO KEEP $75K IN A HOME SAFE — BUT RAMSEY SHOW SAYS HER SCARCITY MINDSET ONLY CREATES MORE RISK
https://media.zenfs.com/en/moneywise_327/93228233232c5447ca5333dfcc283d43
✍️ A couple in Illinois is concerned about keeping a large amount of cash at home, which raises questions about the risks and benefits of keeping cash outside of traditional banking systems.
👉 Keeping cash at home can be risky due to theft, natural disasters, and inflation 👉 Financial experts recommend keeping no more than $1,000 in cash on hand for emergencies 👉 Estate planning is important to ensure that one's spouse is protected in the event of long-term care 👉 A lack of trust in banks is a major factor driving some Americans to keep cash at home
-- #Bill #GeorgeKamel #JadeWarshaw #YuvalShuminer #RobertKiyosaki #DaveRamsey #Illinois #UnitedStates #finance
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