Some people do that kind of thing. I know a guy who is a multi-millionaire, and he keeps $50,000 locked up in a safe at his home. I’m fine with that. At the same time, you shouldn’t act like a scared rabbit, and tuck all your money under a mattress, or bury it in a coffee can in the backyard, because you’re afraid the world’s coming to and end!
There’s nothing wrong with having some cash stashed away at home. I’m all about being financially prepared. Just remember that the money you hide isn’t growing or earning anything!
- Dave
Dave Ramsey
Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
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