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Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
Many of the benefits from keeping terrorism fear levels high are obvious. Private corporations suck up massive amounts of Homeland Security cash as long as that fear persists, while government officials in the National Security and Surveillance State can claim unlimited powers and operate with unlimited secrecy and no accountability.
In actuality, California could be a wonderful place to live. In fact, if you're highly educated and ambitious, you can do quite well here while enjoying the sun and the fun. The only problem: California will then blame you for your success and recommend that all your cash be removed from you.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities.
What's weird is the Hot Boys and the whole New Orleans Cash Money thing had a really big impact on the Bay when that was popping off. I don't all the way understand it. I mean, I know that they were big everywhere and had a lot of commercial success in the mid to late '90s, but they were really, really felt in the Bay Area.
I basically left Texas with no money. I was making $3.50 working in some mall, so I didn't have a lot of cash. I took $1,000 and headed to California. Along the way I stopped in Vegas because I had always wanted to see Caesar's Palace. So I stopped there and won $2,500 on a slot machine! It was amazing.
Because cheating is easier when we can justify our behavior, people often cheat in small amounts: We can come up with an excuse for stealing Post-It notes, but it is much more difficult to come up with an excuse for taking $10,000 from petty cash.
From birth to age 18 a girl needs good parents. From 18 to 35 she needs good looks. From 35 to 55 she needs a good personality. From 55 on, she needs good cash.
Yesterday is a cancelled check. Today is cash on the line. Tomorrow is a promissory note.