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Avoid Burglar-Friendly Spots
Brought to you by mint.com
If the wobbly financial markets have you hoarding cash at home, beware. Yes, as a doctor, you may be safe from bear markets, but you’re still vulnerable to losses, especially if you leave your money and valuables in burglar-friendly spots.
View the image below to expand the infographic and see where you’re best off hiding your cash, according to tips gathered from a real burglar, and places where you shouldn’t put any money.
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Filed under: Financial Planning, Funding Basics | Tagged: cash accounts, cash reserves, Cash Stash, How to Burglar-Proof Your Cash Stash, king cash, mint.com |
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A Big Problem With a Cash-free Society
No cash? No problem—as long as you’re prepared, and able, to embrace the digital economy.
Last November, Indian Prime Minister Narendra Modi nullified 86 percent of the nation’s cash by removing 500 and 1,000 rupee notes from circulation. Unsurprisingly, digital payment companies are doing a booming business as a result—and most successful seems to be the startup Paytm.
A Bloomberg profile of the company reveals that it has signed up 20 million new users in the last two months and plans to more than triple its staff headcount by the end of 2017. But, as the Guardian points out, going cashless can have significant problems for some members of society.
Street vendors, small retailers, and homeless people, for instance, rely heavily on physical money and may be unable to adopt the technologies required to go cash-free. That, the newspaper argues, could give rise to a two-tier system, in which low-income citizens depend on traditional currency, while the elite go digital.
https://www.theguardian.com/cities/2017/jan/09/rise-cashless-city-contactless-payments-exclusion-cashfree-society?utm_source=MIT+TR+Newsletters&utm_campaign=69627754d1-The_Download&utm_medium=email&utm_term=0_997ed6f472-69627754d1-154253973
Douglas
[MIT Technology Review]
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