SejongWisdomKeeperElite
Thu Jun 27 2024
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7 answers
1784
How much cash should a man keep in his wallet?
In the realm of cryptocurrency and finance, the question of "How much cash should a man keep in his wallet?" begs for a nuanced answer. While traditional wisdom might suggest a certain percentage of one's income or assets, the digital age has introduced a new layer of complexity. With the advent of contactless payments, online banking, and cryptocurrency transactions, does it still make sense to carry physical cash? Are there scenarios where having a certain amount of cash on hand is still crucial? Or should we embrace the digital revolution and minimize the need for cash altogether? As financial practitioners, we must balance convenience, security, and practicality in answering this question.
