RandallFlagg
PROUD Tea Party Member
- Dec 5, 2012
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Who buys a new tractor of 47K and pays cash for it? More curiously...why would anyone risk carrying AND losing 47K to buy a new tractor when you can carry a check, a debit card, or a cashiers check?
Sure...you can say...."its my money and I can spend it on what I want and in anyway I want"...I get it.
But that does not explain to me why one would risk losing it (and not being able to replace it) as opposed to using a check, a debit card, or a cashier check...all a no risk way to spend the money
because it's likely he couldn't deposit the funds through legitimate channels... if gets cash and don't pay taxes on it... that's when you buy things for $47,000 in cash.
Actually, that's not it at all. I have direct deposit for two pensions. I leave about $1,000 in my checking and the rest resides at my residence in my safe. I PROMISE you - it's absolutely safe.
When I worked (before I retired) I operated in the same manner. My Wife does likewise. I have never bought into turning my assets over to a bank. Don't trust them now and will NEVER trust them.
Not safe if your house burns down...leaving you penniless.
Been doing it the same way for nearly 50 years. never been robbed, never had my house burn to the ground, never had occasion to worry.