Why You Should ALWAYS Use CASH - Cash is King vs Cashless Economy

#cash #cashflow #mikesmancave #tinfoilhat #cashlesseconomy #cashlessdebitcard #cashlesspayment #cashlesspayments #cashlesssociety #cashlesstransaction #cashisking #casheconomy

Why You Should ALWAYS Use CASH - Cash is King vs Cashless Economy

[millabasset]

I started using cash more, I'm beginning to have a different view on money when I have cash on me, I'm forced to not dip into my bank account. I also just think it's more satisfying to hold physical money, the only digital bills In should be paying are my mortgage and utilities.

[leogillespie]

I only use cash, so much better to budget with, I walk out if shops do not accept cash .

[naturewoman]

You're right Mike cash is king if the shops won't accept cash.... walk away... simple another thing I refuse to go through self serve check outs this world is

[floki]

I noticed during the pandemic, cafe's saying we don't accept cash, card
There is a big push for digital currencies, if you think about it they could decide what you can and can't spend your own money on with the push of a button....

[selwynowen]

It’s very important all over the world that we use cash. It’s stops the banks completely having control over OUR MONEY AND LIVES. Plus it stops our governments from doing the same thing. I for one will use cash for all of my everyday expenses. The only time I use my card is to withdraw money from my account, and to fuel up my car. I’ll use my credit card to purchase anything big and expensive, as it gives me protection from getting ripped off by the seller.

[NLaertes]

Unbelievable if you consider how many digital transactions a single amount of 50 dollars already had...the money in transaction fees it has generated is sky high

[davidbrown]

Just recently started using cash. Very informative video 👍

[rogermueller]

excellent explaination.i've used cash all my life.

[vincentcacciola]

Cash is king, I don't use anything else

[lewissmith]

Good video here in the uk 🇬🇧 they are pushing so hard (banks digital banks) to go cashless I always use cash it’s much better for small business and low income works a cashless society only benefits large corporations and digital banks and governments can track our spending and close our accounts down I use cash for everything and I’m finding that in financially much better off

[nigelclancy]

It's a very good breakdown and the importance of keeping cash alive.
But my question is.
When I purchase in my local shop, I give them 50 cash. But their supplier in most cases will invoice you for your orders and with this, you are back to bank transfer. In turn charges. Although the breakdown in explanation makes perfect sense. When it comes to reality

[mitchell.]

Are you aware of Robert "Robbie" Barwick and or the Citizens Party? He also is in Australia and very active in the movement.

[mitchell.]

Also do you know about Tuesday April Second as Draw Out Some Cash Day?

[mikelisacarb]

I recently realized that I'm 70 years old and I have never been robbed .... ever. Statistically, I can put that fear to rest. 😁

[nualafuller]

And everyone is using their phones nowadays. Im 61, have been given a credit card by every bank I've been with in the last 40yrs or so and not once have I used them. Use cash almost always and debit if I haven't got any on me. (emergencies)
Here in Spain the young people always pay with phone . Its only 1, 40€ a coffee here. How do the cafes survive...

[paulryan]

Use cash only then spend what’s in my pocket

[ImAmadHawksSupporter]

Im An Aussie im 16 i only use cash CASH IS KING!

[johnnyappleman]

What you should really talk about is income and vats taxes 😂😂, interchange fees really don't cause too much harm and most large vendors aren't paying a crazy amount on them. I'm not sure how Australia works fee wise but if it's the US fee schedule it's a max of 3%

[adammakesstuff]

Cash is definitely important but Damm you went on a rant and explained that in a weird way that wasn’t really right 😂

[Shew]

Wow, I have been using EFTPOS since the 90s and I don't think I have used cash in 10 plus year's.Its all on my phone now, Licence, Medicare and Digital Wallet 👍.