Cash is definitely king. It is way more expensive to be broke. I've felt that for a long time. We use our extra cash to do several of the things you suggested, buy bulk, take advantage of sales, and know that if we want to take advantage of our liquid savings interest rate, we can pay off the balance on cards while getting interest for the month beforehand. Having all the cash in advance is a large part of being able to do this. And I definitely agree with you on the point of people crawling out of the woodwork with advice, better investment opportunities, etc. Access to better advice and deals seems to increase in direct relationship with your bank account balance. Wish I'd known that earlier on in life. I might have scrimped a little harder to get where I am sooner.
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I agree.
Submitted by Myscha Theriault on August 27, 2007 - 03:48.
Cash is definitely king. It is way more expensive to be broke. I've felt that for a long time. We use our extra cash to do several of the things you suggested, buy bulk, take advantage of sales, and know that if we want to take advantage of our liquid savings interest rate, we can pay off the balance on cards while getting interest for the month beforehand. Having all the cash in advance is a large part of being able to do this. And I definitely agree with you on the point of people crawling out of the woodwork with advice, better investment opportunities, etc. Access to better advice and deals seems to increase in direct relationship with your bank account balance. Wish I'd known that earlier on in life. I might have scrimped a little harder to get where I am sooner.
As usual Philip, great post!