Stacking Cash
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Stacking Cash (by Tex [TX]) Oct 5, 2022 10:51 PM
       Stacking Cash (by Richard [MI]) Oct 5, 2022 11:11 PM
       Stacking Cash (by hubba hubba [CA]) Oct 6, 2022 12:58 AM
       Stacking Cash (by Robert J [CA]) Oct 6, 2022 2:27 AM
       Stacking Cash (by Hoosier [IN]) Oct 6, 2022 4:42 AM
       Stacking Cash (by don [PA]) Oct 6, 2022 4:49 AM
       Stacking Cash (by Ray-N-Pa [PA]) Oct 6, 2022 8:03 AM
       Stacking Cash (by Ken [NY]) Oct 6, 2022 8:54 AM
       Stacking Cash (by S i d [MO]) Oct 6, 2022 9:06 AM
       Stacking Cash (by WMH [NC]) Oct 6, 2022 9:34 AM
       Stacking Cash (by Tex [TX]) Oct 6, 2022 10:59 AM
       Stacking Cash (by Tex [TX]) Oct 6, 2022 10:59 AM
       Stacking Cash (by Ray-N-Pa [PA]) Oct 6, 2022 12:27 PM
       Stacking Cash (by Tex [TX]) Oct 6, 2022 12:34 PM
       Stacking Cash (by Ray-N-Pa [PA]) Oct 6, 2022 12:58 PM
       Stacking Cash (by Wilma [PA]) Oct 6, 2022 1:06 PM
       Stacking Cash (by LTD [AZ]) Oct 6, 2022 1:24 PM
       Stacking Cash (by don [PA]) Oct 6, 2022 1:30 PM
       Stacking Cash (by Tex [TX]) Oct 6, 2022 3:32 PM
       Stacking Cash (by MikeA [TX]) Oct 6, 2022 6:37 PM
       Stacking Cash (by GKARL [PA]) Oct 6, 2022 7:00 PM
       Stacking Cash (by Tex [TX]) Oct 6, 2022 7:05 PM
       Stacking Cash (by 6x6 [TN]) Oct 6, 2022 7:38 PM
       Stacking Cash (by Hoosier [IN]) Oct 7, 2022 12:32 AM
       Stacking Cash (by pmh [TX]) Oct 16, 2022 12:59 PM

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Stacking Cash (by Tex [TX]) Posted on: Oct 5, 2022 10:51 PM
Message:

Builds really quick, but how much is a safe amount to keep in a home safe. --104.51.xxx.xxx




Stacking Cash (by Richard [MI]) Posted on: Oct 5, 2022 11:11 PM
Message:

Good question. There's lots of talk going around about getting money out of the banks. Problem is where to put it?

Depending on where you live and potential problems with doing this, I'd not want to have more than I could afford to lose if I got robbed, but that brings up a whole lot of "what if's". Each of us has a number depending on all those "what if's".

Maybe spreading it around might make the risk less. Some people are talking about putting it into credit unions instead of banks. Still ???? Things are looking a bit uncertain these days. So do you put 5K in each credit union? 50K? More??? We all pretty much know the FDIC only has about 7 cents in insurance for each dollar they insure. If there's a bank run they will likely go bust pretty quick-maybe in hours.

What about the safety of your home safe? And who knows about it? There's a lot of questions. --24.180.xx.xx




Stacking Cash (by hubba hubba [CA]) Posted on: Oct 6, 2022 12:58 AM
Message:

As much as you can afford to lose.

That said, I live in earthquake country. I keep enough around to keep me alive for about a week. Plus enough for transport out of the area. --157.131.xxx.xxx




Stacking Cash (by Robert J [CA]) Posted on: Oct 6, 2022 2:27 AM
Message:

I was in the Jewelry Trade for a dozen years plus and Jewelers safes were rated on all six sides, not just the door. And we all had alarm systems and the safes were bolted down to the floor.

One Jeweler had his safe removed from his West Los Angeles Location (Olympic and Sepulveda area) via a Stolen Helicopter. Another Jeweler had his safe ripped out from his store by a tow truck with a heavy winch.

My friend purchased what he thought was a secure safe. Using my construction tools I was able to get inside within 10 minutes.

A home safe is only secure if no one knows you have it and they can't just go thru the home and find it. For my clients, I make them pay for the safe using cash and we take a rental van to pick it up. Don't want the safe or locksmith company to have on file whom the owner is. They keep the combination on file incase you loose it.

A Downtown Los Angeles Jeweler had a new safe delivered. It had 3 timers so you could set the safe so it couldn't be opened for a curtain amount of time, like over the weekend. So I told him that's great but when he leaves his location to deliver an order, a person that got access to the safe company's records can break in and open his safe in 2 minutes. So I helped him change and test a new combination. You had to have a key, the combination and the alarm code.

In case of an emergency, you should have already stocked up on water, food (MRE or Dried bulk food you just add water, canned goods ,etc.) Money in an emergency is good but not everything.

As a contractor I've installed safe rooms. Guns hidden around a property that only the person that knows where it is and how to access them will get control within seconds.

Also if the police raid your home and find cash they will confiscate it and make you prove it belongs to you. And could take up to 5 years to legally resolve. --47.156.xx.xx




Stacking Cash (by Hoosier [IN]) Posted on: Oct 6, 2022 4:42 AM
Message:

Do you really expect an exact answer?

$77

But seriously…how about some context…why are you asking? You collecting cash rent? Just use direct withdrawal, then no issues. --99.92.xxx.xxx




Stacking Cash (by don [PA]) Posted on: Oct 6, 2022 4:49 AM
Message:

Stashing cash is going to cost you a "service fee" of whatever the current interest rate is. You can lose your money without actually losing it. --73.141.xxx.xxx




Stacking Cash (by Ray-N-Pa [PA]) Posted on: Oct 6, 2022 8:03 AM
Message:

What objective are you trying to achieve with stashing cash?

i had more than fair share of cash last week with the annual tax auction at the county. But I kept the cash in the form of cashier checks. If they get lost, you can file a claim.

If you are asking how much money you keep on hand in the event of a prolonged power outage, I keep a few thousand on hand. I am more concerned about having gas than cash --24.101.xxx.xxx




Stacking Cash (by Ken [NY]) Posted on: Oct 6, 2022 8:54 AM
Message:

Depends on how many people know you have cash at home.Do you have a big dog,shotgun? --74.77.xx.xx




Stacking Cash (by S i d [MO]) Posted on: Oct 6, 2022 9:06 AM
Message:

I keep anywhere around $2,000 - $3,000 cash on hand. We don't use it much other than for minor local purchases. The rest goes in the bank. I think our insurance policy only covers up to $500 in the event of fire, flood, or robbery.

As Ray asked, what's your objective? If you can't think of one, put the cash in the bank until you do. --184.4.xx.xx




Stacking Cash (by WMH [NC]) Posted on: Oct 6, 2022 9:34 AM
Message:

We keep a Bug Out bag for hurricanes in the safe. Cash in case the ATMs go down. Passports, guns, extra CC, that sort of thing. How *much* cash is a totally personal thing - what would make you comfortable if the power were out for, say, a month, as can easily happen in a big storm or a flood?

Some of the cash is from 1999 - just before the Y2k fiasco. We didn't THINK anything was going to happen but took some cash out just the same, and it's still there. --50.82.xxx.xxx




Stacking Cash (by Tex [TX]) Posted on: Oct 6, 2022 10:59 AM
Message:

Interesting and real objective other then to have ready cash. I thk I'm comfortable with around 20k for quick purchases, maybe super hot deals that I may come across over the weekend.

Again just a thought but thanks.... --161.226.xxx.xxx




Stacking Cash (by Tex [TX]) Posted on: Oct 6, 2022 10:59 AM
Message:

Interesting and real objective other then to have ready cash. I thk I'm comfortable with around 20k for quick purchases, maybe super hot deals that I may come across over the weekend.

Again just a thought but thanks.... --161.226.xxx.xxx




Stacking Cash (by Ray-N-Pa [PA]) Posted on: Oct 6, 2022 12:27 PM
Message:

I understand what you are saying. $20,000 really isn't that much money any more. But then again, just because I believe $20,000 isn't that much money doesn't mean it isn't worth a great deal to some stoner with a gun that knows you have cash lying around.

Another consideration you might want to ponder is the implementation of the 100 mile rule vs the 4th amendment. Not knowing where in Texas you are at, if you happen to get pulled over and BP notices your 420 T-shirt and a brown bag in the front seat with $20,000, you might not ever get that money back. In the eyes of the Boarder Patrol, they might few your steps at making an offer to buy a home on Saturday as you going to a drug deal. Sure you can fight BP to get your cash back, but it might end up costing you $10,000 to get $20,000 back. Most Americans are not aware of the 100 mile rule and impacts about 2/3 of the entire population in the states. --24.101.xxx.xxx




Stacking Cash (by Tex [TX]) Posted on: Oct 6, 2022 12:34 PM
Message:

Geezzzz Ray-N-Pa you completely lost me. --161.226.xxx.xxx




Stacking Cash (by Ray-N-Pa [PA]) Posted on: Oct 6, 2022 12:58 PM
Message:

Despite you having the 4th Amendment, Boarder Patrol is given special authority.

The 100 mile rule - if you are within 100 miles from the boarder or the coast, Boarder Patrol doesn't need a warrant to search your car. The can - and do make routine immigration stops.

In talking with you, they notice your 420 T-shirt........ showing you are pro-marijuana. They also see the bag of money. Since Marijuana possession is still a federal crime, the hold you and the evidence that you about ready to go buy your stash.

Places like I-5 between San Diego and LA they stop all traffic on the interstate.

--24.101.xxx.xxx




Stacking Cash (by Wilma [PA]) Posted on: Oct 6, 2022 1:06 PM
Message:

We just had that discussion last night. We started keeping a couple of grand hidden here and there when inflation skyrocketed, are now going to bump that up a bit due to the nuclear saber-rattling going on. --98.115.xxx.xxx




Stacking Cash (by LTD [AZ]) Posted on: Oct 6, 2022 1:24 PM
Message:

When I sold my spare kidney I buried the cash under the fire pit. Nobody would think to look there. I thought it would be a good idea to post it here on the internet in case I have a senior moment, I can just come here and look up where I put it.

You should keep at least 50% of your net worth in small unmarked bills please, expensive watches and gold bars are good too. Please post your address and the make, model of your safe and any guns on hand... so we can better assess and verify your security needs.

For more bad advice please follow me on tweaker. ;)

OK seriously, regarding cash rents. If you are known for collecting cash you will be a target. Just yesterday my long time, now elderly friend who owns a storage place on our street called me to help with his security. Due to the nature of storage he gets a lot of small cash payments.

Someone broke the door to the office, but the debris jammed it so they didn't get in. He lives in an apartment adjoining the office and was understandably concerned. He's been there 20 years and has a "night payment" slot where the money just falls into a cardboard box by the door.

He also has (had) a petty cash box in the office which obviously his tenants, and their possibly nefarious friends know about. Someone finally took their chance. Hopefully they don't come back, cause they're gonna get smoked.

We are updating his system. We ordered a heavy drop safe ($700) like convenience stores use, with a night slot and drop door and the new entry door will have a magnetic remote switch lock so he can buzz people in. Kind of amazing he's gone this long.

--47.216.xxx.xxx




Stacking Cash (by don [PA]) Posted on: Oct 6, 2022 1:30 PM
Message:

Wilma---So because inflation is higher you are gonna keep MORE money in cash??? That makes no sense. --73.141.xxx.xxx




Stacking Cash (by Tex [TX]) Posted on: Oct 6, 2022 3:32 PM
Message:

Sold a Kidney? lol --161.226.xxx.xxx




Stacking Cash (by MikeA [TX]) Posted on: Oct 6, 2022 6:37 PM
Message:

If I need to do a quick deal over the weekend, I can always go the the local convenience store and get a money order drawn from my bank account for a few bucks service fee. No need to stash large quantities at home. I've known too many people who have come home to their safe being cut out of their house and removed. What you think is a secret is widely known in the underworld. --209.205.xxx.xx




Stacking Cash (by GKARL [PA]) Posted on: Oct 6, 2022 7:00 PM
Message:

Gotta go with Banco de Back yard for the ultimate in protection! I tend not to keep a lot of cash around. If I did,a simple nondescript fire proof safe purchased at HD, Lowe's or Amazon would be the ticket and put in a hidden location. --209.122.xx.xxx




Stacking Cash (by Tex [TX]) Posted on: Oct 6, 2022 7:05 PM
Message:

Interesting responses, I just dont know. Something is wrong in this country and I personally feel much safer with cash and lots of ammo. Better safe then sorry --161.226.xxx.xxx




Stacking Cash (by 6x6 [TN]) Posted on: Oct 6, 2022 7:38 PM
Message:

Probably not a good idea to keep that much. --73.113.xxx.xxx




Stacking Cash (by Hoosier [IN]) Posted on: Oct 7, 2022 12:32 AM
Message:

I don't understand this topic lol. Better to be safe than sorry? You are right, keep it all in a bank rather than where someone can break in your house and steal it or a house fire can destroy it! --99.92.xxx.xxx




Stacking Cash (by pmh [TX]) Posted on: Oct 16, 2022 12:59 PM
Message:

as 2008-2009 was imploding and we came the close to an implosion that would have been 10x worse than 1929 I did take some cash out from the bank & put in my garage fridge. --71.84.xxx.x



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