Reply to I just sold the handbags I once kept for financial security

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[quote=Anonymous][quote=Anonymous]Would the money have less value to you if it didn't come in "like actual cash in five thick envelopes full of 100s plus a fat check"? Or did you just think we're too dumb to understand what 70K means unless you help us visualize it?

I'll tell you what I told the Jewelry OP, who did the same thing. You would have been so much better off buying tech stocks 20 years ago at a different bank. You're not factoring in inflation here in your pricing.

Real money in modern society is not in clothes or jewels. We're not living in huts and wearing our family's entire fortune on our person.

[/quote]

This post is incorrect. Stocks would be considered marital assets and accessing them to hire a divorce attorney or fund an escape from a marriage could be difficult. As a SAHm going through a divorce now who was lucky to have access to funds from family for an attorney, it is very challenging to access cash quickly if you don’t have your own job, and if your partner files first you cannot liquidate marital assets. A spouse can file for divorce after emptying all of your accounts and while some of that money is legally yours, it takes months or years to claw it back and it doesn’t make cash available when you need it.

That’s why you always need to have a small stash of actual cash (not in the bank) to survive for at least a week or two should you get totally screwed. [/quote]

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