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/biz/ - Business & Finance

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56172370 No.56172370 [Reply] [Original]

How much do you keep in your bank account?
1k?
5k?
10k?
Some other numbers?
Or just enough for bills?

>> No.56172386

zero

>> No.56172396

>>56172370
fuck off, data mining kike

>> No.56172401

>>56172370
I have 150k in cash right now. Which is 10k more than my tax bill for this year.
So yeah just 10k for emergencies

>> No.56172410

>>56172370
10k. Rest goes to Robinhood yield because Robinhood lets you be very liquid with the money.

>> No.56172415

>>56172370
6 months worth of expenses this is why I can invest most of my wagie bux into risky shit.

>> No.56172425

>>56172410
Redpill me on Robinhood yield?

>> No.56172593

>>56172370
I have 20k in savings, 30k in a CD at 5% and 30k in my TSP and 7k in my ROTH IRA. I've also got 2 years credible service in the FERS pension system so I can retire in 28 years. Recently I started a 529 for my daughter. and I have a paid off car. The only thing I'm missing is a house. Trying to wait for a better market.

>> No.56172744

Emergency fund/down payment is in a hysa. It’s currently at 25k. Adding about 500-700 a month. It’s all I can allocate to it without taking from other things like my 401k or after tax brokerage.

My physical bank has about 2k in checking and 5k in savings. I could move it over to my hysa but if I ever need a few 1000s I don’t want to wait the however many days a transfer takes. I keep about 1k cash in my safe in 20s.

>> No.56172765

>>56172370
$0. I pay bills from my brokerage account which auto sells assets.All of my cash is in tbills etfs so whenever I pay a bill it just sells some shares.

>> No.56174668

>>56172410
do you guys unironically put all your life savings in internet money?

>> No.56174682

> bank account

what kind of yields are they giving you where this is worth it

>> No.56174692
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56174692

>>56174668
Do you not?

>> No.56174695

>>56174682
5% lol

>> No.56174731

>>56174692
no because im not a retard

>> No.56174917
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56174917

>>56172370
I dont believe in centralized entities, Avalanche is my bank

>> No.56174947

>>56172386
Based

>>56172370
The question should not be "how much" but "why even use" a bank in the 1st place? You're asking me how much I "keep" in a for profit institution that plays with my money recklessly and gets bailed out every single time? The answer is ZERO.

We live in a digital age, banks are a dying business model. I can secure my 1's and 0's which represent the assets that I own in myraid of ways without banks. I will NEVER use a bank again, after the quiet bailout. Fuck 'em

>> No.56175568

>>56174947
What about bills?

>> No.56175574

My personal checking account is like $2000-3000. Business checking account is like $5000-$10000. The rest goes to savings account or investments.

>> No.56175867
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56175867

>>56172370
Why would you need a bank account when you can just pay everything with a credit card including your credit card bill?

>> No.56175936

>>56172386
fpbp
undeniably based

>> No.56175959

>>56172370
About 1k and about 5k more I can get at a few days notice. Everything else goes straight into stocks and crypto after mortgage and bills

>> No.56175968

>>56172370
all my money goes into my shrimp

>> No.56175984

>>56172370
currently have 66k

>> No.56176049

>>56172370
Generally between ten and fifty cents. I only use my bank account to deposit money to to make a transaction when I can't use anything else, fuck keeping money in a bank.

>> No.56176061

>>56172370
nearly a hunnet thou last time i got paid. it just keeps going up. normally i would invest it but i am waiting for le ebin big kahuna 2.0 crash to come to get in cheap so i am sitting on cash. i been waiting for a while now . . .

>> No.56176067

>>56175959
This is me anon, thou I don't do stocks, but invest in real estate and crypto, mainly the top ones, got a soft spot for gaming too, so rocking some gods, ride, xyo, and sand tokens

>> No.56176074

I think three month's worth of expenses is what they usually say in the Fiscal Responsibility for Poor Retards Class.

>> No.56176076

>>56176074
>months

>> No.56176086

>>56172370
>How much do you keep in your bank account?
>10k?
this, and absolutely no more
everything above that goes to stocks, toys and crypto

>> No.56176091

>>56172370
>72370▶>>56172396 >>56172401 >>56172410 >>56172415 >>56172593 >>56172765 >>56174917 >>56174947 >>56175867 >>56175959 >>56175968 >>56175984 >>56176049 >>56176061 >>56176086
I have $4 in my bank account :(

>> No.56176094

>>56176091
based and redpilled
never put any more into that black hole of an account than you absolutely have to

>> No.56176170

>>56172370
I don't deal much with my banks anymore. Most of my assets are in crypto stablecoins. I also make payments with them easily using CryptMi cared. So I am good.

>> No.56176171

>>56172386
Pretty much the same. Everything I don't need for my weekly expenses I move to investing accounts.

>> No.56176181

>>56175574
I wish I could lie like this fag
>>56176067
You're unironically retarded not throw something in avax, biz fav

>> No.56176990

>>56172370
Only retards do that. Instead of keeping them idle, I put them to use. Curve and Aave are good options. SpoolFi makes it even easier.

>> No.56177012
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56177012

>>56172370
$20-30k is all I keep in the bank. $7000 a month of my disposable income goes straight to investments in stocks, retirement fund, and crypto.

>> No.56177033

>>56172370
I like to keep it around 10k, if it gets any higher I transfer money into investment accounts.

>> No.56178040

>>56172370
There's $124k in my checking as of now.
I have another $42k just sitting on an exchange.
I've been sitting in cash forever and missed the entire move up.

>> No.56178483

>>56172370
Most of my funds are invested in NXRA, QNT AZERO and TWT.

>> No.56178618

>>56176074
Even in the US for the vast majority of people coming up with 500$ in an emergency is about their limit. Almost nobody actually has three whole months of expenses saved in an account somewhere for a rainy day, I've known three people in my entire life that did that and they were all millionaires with established businesses and that was about as much of their wealth that they kept liquid in any form for immediate use. Something like three quarters of the country couldn't come up with more than a grand in an emergency, hell even a lot of companies don't have three months of expenses sitting around.

>> No.56179173

>>56178483
Why are you all talking about NXRA? I wouldn't want to FOMO. I have heard about their contribution to the RWA space.

>> No.56180583

>>56172370
>How much do you keep in your bank account?
minimun as here in south america can and may be stolen at any time really

>> No.56180601
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56180601

>>56172370

$38535835838383833863963839396385385385385383853853858528538w85385383839.77

>> No.56182722

>>56172370
0. I invest everything.

>> No.56182899

Currently have $56 in my account when you subtract what I own on my credit card. 77k net worth in stocks, crypto, high interest savings.

>> No.56185806

>>56172765
What's a tbill? What can I google to understand this exact setup?

>> No.56185817

>>56176181
You think having $15000 is lying? Lmao you Indonesian, Turkish, whatever shills are ridiculous

>> No.56185835

1k buffer in checking, 10k in savings. I use Ally bank which offers pretty good savings rates. I DCA into a pretty conservative slightly tech leaning portfolio I set up in M1 Finance and the other half of my free income goes to crypto.

>> No.56185848

>>56172425
CD rates without the lock up

>> No.56185934

>>56172401
Why don't you keep most of it in a money market fund or t-bills to get some interest?

>>56185806
>What's a tbill?
Treasury bills, they're short term bonds from the government, like CDs but easier to sell if you need the money back.

>> No.56186050

>>56175574
Almost the same here.
Business account fluctuates between 5-10k. Personal between 4-8k.

>> No.56186525

>>56172370
>Or just enough for bills?
This is exactly what I do; no need feeding the banks fat with my assets when I can get better value for them on Defi. Since I moved to that side of life, there's no room to return to the shackles of tradFi.

>>56175959
chad spotted

>> No.56186532

>>56172370
$0 in the bank
$7000 in cc debt
$100k in crypto
i will never pay them back

>> No.56186574

>>56172370
I keep about 20-30k in my bank account for easy access to money for emergencies. Owning a house shit break occasionally and you don’t know when you might need a new hvac, fridge, or other expensive repairs. I keep about 3k in cash in a safe with a loaded gun in case I need to flee on short notice. Otherwise everything else goes into read investments and a little in crypto.

>> No.56186590

>>56172370
i try to keep no less than 30k in liquid available cash. I'm at 60k today. It's about 8-10% of net worth

>> No.56186693

>>56186525
What better value do you get on Defi?

>> No.56186874

>>56186532
How did you diversify that 100k in crypto?

>>56186693
On my regular savings account, I was getting around 2-3% interests; on my HYSA on Ally, I was getting up to 4.5% but currently on SpoolFi smart vaults, I get up to 15% on the DAI vaults I'm leveraging on. These pools are incentivized though but definitely worth the switch.

>> No.56186896

>>56172370
I have $20,000 in savings but honestly it’s way more than I should have. I’m just too worried to put it into my crypto or stocks accounts.

>> No.56186999

>>56172401
What the fuck do you do that makes you pay that much in taxes??

>> No.56187074
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56187074

>>56172370
i don't have a bank account

>> No.56187119

£6mil networth
I have a few bank accounts mainly for investments and day to day stuff

I have in qll my personal accounts around £120k despite making almost £200kpa, most of my cash is spread out aroundy six businesses, stocks, bonds, physical metals and crypto.

Start a business or two get it to a point where its generating a good monthly profit, expand it by hiring a manager, a few employees and gtfo, let it run itself monthly or quarterly checks are best. Rince and repeat for success. It does also help to have a trade as for certain business i.e. construction and lumber industry, its easier to get into and bring a healthy monthly profit but do require more involvement.

>> No.56187151

>>56186874
Hope these yields don't just exist on paper? I noticed crypto bros love to live in fantasy worlds.

>> No.56188796

>>56187151
You're probably living in a fantasy world but you don't know yet; I have been staking on SpoolFi smart vaults for over a year now with no hassles whatsoever. Take that to the bank!

>> No.56188978

so does this entire board just larp as rich people? Is that the meta? I'm new here

>> No.56189019

I have 15k as savings + whatever else I budget for (so usually a little extra) and then 10k in I bonds from a year ago. That's about it.

>> No.56189229

>>56175867
I don't need banks. They place barriers on us. CryptMi is my bank.

>> No.56191346

>>56187151
>Take that to the bank!
In a world that has evolved this much you lots still enjoy using banks?

>> No.56191607

>>56191346
Where would you rather have your assets?

>> No.56191697

>>56191607
I would rather have my assets on my Wirex Card or probably have it in my CryptMI app.

>> No.56193548

>>56191346
As opposed to what? Having my money sit on some DEX yielding meme money?
Those places are risky enough as is but throw in the fact we're in a credit crisis and the risk just increases. Generally speaking I am comfortable just leaving cash or coins on an exchange but I also wouldn't do that now for the aforementioned reason. I just don't want to be a casualty because someone else went down and took me with them (insolvency).
So yeah as of now my money is just parked in a bank account so I can access it when I need it and avoid counter-party risk.

>> No.56194966

>>56172370
I lack faith in centralized entities OP, I've just dumped my all on EVR just to have the best of breathtaking virtual landscapes, immersive gaming, and unlock endless possibilities.

>> No.56194994

>>56172370
mortgage is 2100/month. So I like to have 4200 in my checking the day before mortgage is due, with 2100 left as my emergency payment.

My actual emergency budget (a little over $8k) is in a HYSA getting 4.7% atm

>> No.56195031

>>56185934
>Why don't you keep most of it in a money market fund or t-bills to get some interest?
I have it in a saving account at my bank with a preferential rate, which is essentially the same thing without having to risk a large interbank transfer before my tax payment.

>> No.56195126

>>56177012
Holy fuck, reddit really is so fucking homosexual

>> No.56195151

>>56174947
Incredibly antisemetic of you anon.

>> No.56195258

>>56188978
most people are inheriting wealth from their family - whether through inheriting property, working for a family family business or just straight up cash
it's a big club you're not part of it
>inb4 the "small loan to get me started" replies
I really don't care if you inherited your success but no one believes that you earned it

>> No.56196514

>>56172370
For me, it's 10k. The rest heads into XTP yield because TapFintech keeps your funds highly liquid.

>> No.56196663

>>56174731
>saying robinhood is Internet money
>Calling others retards

>> No.56196718
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56196718

>Bank account
Ew. I got 10k on Kinetix, 30k on Binance and 20k on Kraken. Thanks for asking.

>> No.56196843

>>56172370
>Or just enough for balls?

>> No.56196872
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56196872

I got 1-2-3-4-5-6-7-8 M's in my bank account, yeah (on God)
In my bank account, yeah (on God)
In my bank account, yeah (on God)
In my bank account, yeah (on God)
In my bank account, yeah (on God)
In my bank account, yeah (on God)

>> No.56196891

>>56172370
$1,500. If I don't then they take $12 every month

>> No.56196905

>>56196718
keeping money on an exchange is even worse than keeping it at the bank.

>> No.56197336
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56197336

>>56196718
Not your keys, not your coins jeet. I'd rather stash my assets in an SSI wallet with 2FA for security.

>> No.56198828

>>56196718
Impressive! I actually have my assets on CryptMi which allows me spend my crypto assets directly from the app.