Anonymous wrote:Anonymous wrote:My son has a private tutor and I was thumbing through my purse and accidentally left my checking account receipt on the floor. It must have dropped out of my purse. Statement showed 50k balance. Teacher gave it to me this week. I’m was a little embarrassed. Do a lot of folks in wealthy areas keep 50k in checking?
No, the truly wealthy do not keep it in a checking account. The “I’ve never had $50k before” people do.
Anonymous wrote:My son has a private tutor and I was thumbing through my purse and accidentally left my checking account receipt on the floor. It must have dropped out of my purse. Statement showed 50k balance. Teacher gave it to me this week. I’m was a little embarrassed. Do a lot of folks in wealthy areas keep 50k in checking?
Anonymous wrote:A lot of wealthy folks don’t keep $50k in checking because they know it’s dumb to keep $50k in checking.
I’d wonder why you don’t have it in an interest bearing account.
Anonymous wrote:At the ATM at my bank, there are often ATM receipts littered on the ground. Sometimes I look. 80 percent of them seem to have less than $200 in their account.
Anonymous wrote:Yes, I estimate that $50k in checking is on the low to average checking account balance in my neighborhood.
Eyeroll.
This is a dumb post