A Place of Possibility

020: Yes, Cash is Still King and Here’s Why You Shouldn’t Leave it in the Bank


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In this day and age, who needs cash, right? You’ve got your debit card, credit card, and digital wallet. That should cover it. Well, sort of. We’re here to shut down all the myths and tell you that cash is making a comeback. Yes, that green paper with presidential faces and numbers, the dollars and cents you have in your pocket, and the stuff that’s chilling in your checking and savings accounts. It’s essential to have that liquidity, but did you know that instead of just letting it sit there like a bump on a log, it can actually get up to a 2% + return? We know, mind blown!

In this episode of A Place of Possibility™, we are diving into all things cash and why it’s important to be prepared in today’s world and economy. We will discuss:

  • How much you should have on hand
  • If you should have cash in your investment account
  • Six options to help you get a reasonable rate of return
  • FDIC Insurance

And more.

So, if you don’t have cash readily available or if you do and it’s just sitting in the bank, this is your sign to make some changes to get yourself prepared with liquidity and make a little extra on what you do have. Let’s get started. We’re excited to share our insights from this show.

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A Place of PossibilityBy Richard Del Monte and Angela Wright