Correction...
How MUCH $ to Have Liquid & Why?

Hypotheticals here.

Discuss!

[Edited on January 5, 2013 at 7:42 PM. Reason : e]

1/5/2013 7:41:45 PM

wat

1/5/2013 7:42:09 PM

i used to withdrawal money from my checking account to use for spending

nowadays it seems more often i'm depositing cash in my checking account to pay rent/bills by check/cc

[Edited on January 5, 2013 at 7:43 PM. Reason : how $]

1/5/2013 7:42:18 PM

The fuck are you talking about?


Are you wanting to trade sexual favors for cash so you can get drunk?

1/5/2013 7:43:51 PM

I assume you mean as a % of investments as opposed to just how much you should have in your checking account/wallet.

1/5/2013 7:43:56 PM

How much does liquid $? I'm talking Kool-Aid.

1/5/2013 7:44:04 PM

Kidding. How much cash do y'all think you need to have within easy access? Easy to withdraw and use.

What's too much? And too little?

1/5/2013 7:46:31 PM

I always heard 3 months living expense.

1/5/2013 7:49:39 PM

No less than tree fidy

1/5/2013 7:54:22 PM

I keep $10k, a fake passport and driver's license, and a gun in my safe deposit box.

1/5/2013 7:57:11 PM

$Texas

1/5/2013 8:00:02 PM

I've always heard that I should convert anything over 5k into gold bars.

They're kinda heavy though. Is there an alternative?

1/5/2013 8:02:44 PM

bearer bonds

1/5/2013 8:04:14 PM

3 months living expenses in some easy form of liquidity if you're flying solo

6 months living expenses in some easy form of liquidity if you're the primary income for others

6 months if you're flying solo and trying to leave your primary source of income for the next facebook

[Edited on January 5, 2013 at 8:05 PM. Reason : imho]

1/5/2013 8:04:23 PM

The fuck are you going to do with gold bars when the shit hits the fan?

Yo, I'd like to buy a loaf of bread and some milk. Got change for this 22lb gold bar?

[Edited on January 5, 2013 at 8:05 PM. Reason : .]

1/5/2013 8:04:33 PM

i'd imagine if you pulled a gun on someone and was like "GIMME 10 OR 12 DOLLARS PLEASE" they'd generally oblige, especially if you were like "NO I DONT WANT YOUR WALLET OR CREDIT CARDS, I'D HATE FOR YOU TO HAVE TO GO THROUGH THE PROCESS OF CALLING YOUR BANK AND REQUESTING NEW CARDS AND GOING TO THE DMV, ETC" and you just do that like 10 times a day and thats nearly $40k a year

yadig mane

1/5/2013 8:06:41 PM

That's exactly why I don't carry cash.

1/5/2013 8:08:06 PM

hmmm

So gold bars are a no? What about gold chains? I can take them to a pawn shop when shit hits the fan.

^^ shoot. Why do I bother going to work then? GENIUS!


[Edited on January 5, 2013 at 8:09 PM. Reason : d]

1/5/2013 8:08:21 PM

Invest in guns and bullets. Take other people's gold.

1/5/2013 8:09:38 PM

fuck bitches

steal money

1/5/2013 8:09:59 PM

Word.

1/5/2013 8:10:22 PM

i'm not advocating armed robbery, let alone any kind of theft

i'm just saying, i'd probably react a lot more favorably to someone with a gun who was like "nah i don't care if you have $80 in your wallet, i just want $10 or $12, thank you kind sir"

1/5/2013 8:11:07 PM

Anything over $5k, put into land and resources.

If everything goes to hell, I'm going to pitch a tent until I can cut enough wood to put up a shelter, grow food, and shoot Bambi.

1/5/2013 8:11:41 PM

^ what's a resource?

Should I buy a bunch of bottled water and gasoline for my fallout shelter?

1/5/2013 8:12:35 PM

Actually, timber land is still a pretty good investment vehicle.

1/5/2013 8:13:25 PM

Tampons and MREs. You can collect rain water.

1/5/2013 8:13:36 PM

perhaps I can start a business selling vodka-infused tampons to college students. Maybe start an etsy store?

1/5/2013 8:14:34 PM

speaking of fallout shelters, i'm gonna invest all my money in Radroach meat

1/5/2013 8:15:12 PM

Quote :

"I keep 10k $25k, a fake passport and driver's license, and a gun in my safe deposit box briefcase."

1/5/2013 8:15:50 PM

I meant that the land needs to be fertile and productive.

Wood land is great. Whenever there was a big expenditure coming up (like a surgery or major home repair), my grandmother would have some timber cut.

1/5/2013 8:20:32 PM

what about beaver infestations though? beware the beav

1/5/2013 8:23:15 PM

lol

the only beaver i've ever laid eyes on in person was in Cary

1/5/2013 8:24:11 PM

^^ Ill come and take care of your beaver

[Edited on January 5, 2013 at 8:45 PM. Reason : .]

1/5/2013 8:25:11 PM

speak that money on time sometimes but not right

1/5/2013 8:44:21 PM

mo $ mo probs

1/5/2013 8:45:17 PM

I'd rather have money with problems than be poor with problems.

1/5/2013 8:46:23 PM

I expected this thread to be like "20 pound for the weight"

1/5/2013 10:35:57 PM

In case of a catastrophe, just hitch yourself to any moderately hardworking, dependable dude. Don't hassle him and make yourself useful. If he gets sick or something, make sure you've got another dude lined up. Avoid drinkers and gamblers.

1/5/2013 10:38:30 PM

How are you gonna buy anything with liquid money?

"Here sir, I have some melted money for you"

1/5/2013 10:48:19 PM

Tried to melt a stack of Benjamins

Didn't work so well

1/5/2013 10:49:39 PM

suck dick. get money.

1/5/2013 10:52:22 PM

Liquid money, so you're from Canada eh?

http://finance.yahoo.com/news/ridiculousness-canada-melting-money-003757438.html

1/5/2013 10:52:27 PM

I have

Quote :

"6 months living expenses in some easy form of liquidity if you're the primary income for others"

Then double that in relatively accessible financial vehicles in case we need to hold out for a year or two. The rest goes into retirement accounts.

1/6/2013 4:57:49 AM

Keep enough in the bank to cover whatever monthly bills you pay w/ debit.

Keep everything else, somewhere else.

I heard tell that banks can lend nine dollars for every one they have in holding.

1/6/2013 7:40:20 AM

Concerning gold/silver and TSHTF...

I've heard quite a few people say, "What are you gonna do with gold and silver when TSHTF? I'd like to see you try to buy a gallon of milk at Wal-Mart w/ gold!" Scoff scoff scoff...

There may not be a Wal-Mart, but there will be emerging local economies and gold/silver will be valuable currency.

1/6/2013 7:49:03 AM

I can't disclose how I know Noen is lying, but please take everything he posts with a grain of salt

^ answer this: why is gold valuable? what drives the demand? will that demand still exist?

[Edited on January 6, 2013 at 8:54 AM. Reason : t]

1/6/2013 8:52:15 AM

It's so important to diversify your gold assets. You need coins, jewelry, etc - not just bars!

1/6/2013 10:00:26 AM

I think that land, agricultural products, clean water, wild game, lumber, etc. will be far more valuable currency than gold or silver.

1/6/2013 10:09:14 AM

and how are you going to prevent someone from stealing that land from you? You have to become a warlord. And how does a warlord pay his/her minions? With GOLD!!!!

1/6/2013 10:13:22 AM

if shit falls that far apart, no one is going to care about your land deeds

1/6/2013 10:13:28 AM