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Every Thing Else Board
How mush cash?
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<blockquote data-quote="plumber_greg" data-source="post: 1248290" data-attributes="member: 9115"><p>I agree with AAron. Invest that cash in a few cows, pay for them. I can promise that 27k will return you more money that way than it ever would in savings. If you need money, simply take the cows to a local sale barn, here you could cash them in 4 days a week.</p><p></p><p>I have an aunt, in about 1980 she had saved around 200k in savings. Today she has around 250k. In 1980 the money was awesome to have that much. Nowwww, don't even know what the 3 kids that are gonna' split that money would do with it, not enough to do anything.</p><p></p><p>I also realize that self employed people like myself handle money differently. I mostly live off the gross. If I need 10k, I simply write a check out of the plumbing account. Next week it will be back in there. Now if I have bills to pay, I am big on paying them first, especially wharehouses, but I will be able to write the check next week, so I may pay an overdraft fee.</p><p> </p><p>To me, liquid assets are way better than cash on hand. If your cows and the calves they will have aren't worth what you have in them, then enough other factors will come into play that your savings won't be worth anything either. </p><p></p><p>Granted, I have never in my life lived on a regular paycheck. gs</p></blockquote><p></p>
[QUOTE="plumber_greg, post: 1248290, member: 9115"] I agree with AAron. Invest that cash in a few cows, pay for them. I can promise that 27k will return you more money that way than it ever would in savings. If you need money, simply take the cows to a local sale barn, here you could cash them in 4 days a week. I have an aunt, in about 1980 she had saved around 200k in savings. Today she has around 250k. In 1980 the money was awesome to have that much. Nowwww, don't even know what the 3 kids that are gonna' split that money would do with it, not enough to do anything. I also realize that self employed people like myself handle money differently. I mostly live off the gross. If I need 10k, I simply write a check out of the plumbing account. Next week it will be back in there. Now if I have bills to pay, I am big on paying them first, especially wharehouses, but I will be able to write the check next week, so I may pay an overdraft fee. To me, liquid assets are way better than cash on hand. If your cows and the calves they will have aren't worth what you have in them, then enough other factors will come into play that your savings won't be worth anything either. Granted, I have never in my life lived on a regular paycheck. gs [/QUOTE]
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