On... Cash is Trash
Cash is Trash. Everyone knows that, even my mom and mom in-law who are not financially educated knows that. Of course 'Financially Educated' is a very subjective term. In this case, I'm talking about people who doesn't know anything about investing and thinks the best thing you can do with your money is to put your money in the bank ( to be fair, some people know about investing but they think its safer to put your money in the bank - Im not talking about those people ). If my mom in-law thinks Cash is Trash, then why did she keep her money in the bank? Isnt that keeping cash? In my opinion - no. I think money in the bank is not cash. This is just my opinion by the way. I've not done a research on the definition of Cash, etc. And my mom in-law and mom doesn't put al their money in the bank. They actually park a good portion of them in the EPF ( Employee Provident Fund ) - a type of retirement fund in Malaysia. I consider ( rightly or wrongly ) cash as money unde...