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Anonymous
Friend is Retarded with Money
2016-03-11 22:04:48 Post No. 16904249
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Friend is Retarded with Money
Anonymous
2016-03-11 22:04:48
Post No. 16904249
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Hi /adv/:
One of my friends runs a fairly successful lawn care business with two of his friends; he operates in an affluent zip code with lots of big homes with expansive lawns, so he has pretty much an endless supply of high-paying clients. Business is booming. The problem isn't how much money he makes; it's what he does with it that bothers me.
My friend does not trust banks. At all. He's 25, almost 26 and he has never opened a savings account, let alone a 401k or anything like that. He has a checking account, but only so he can accept checks and credit cards as payment and to pay his employees. Otherwise, as soon as a payment is received, he withdraws it in cash. In his opinion, any money that's not physical cash is "fake" and he likes to have his money "where he can see it" instead of trusting a bank or credit union. To this end, he has a locker in his house that contains, at any given time, between $20,000 and $30,000 in cash. He pays his bills in cash, or writes a check when he absolutely has to. He makes all his purchases in cash. If he wants to buy something online, he has another friend do it and then repays him in cash. Whenever we go out he goes to his safe and just takes a brick of money out and carries it around everywhere; he claims he never has less than $400 in cash on his person. He buys tons of useless shit and plays up the rich asshole persona to the letter. I've tried explaining to him that money kept in a bank is insured by the government and that it's much safer in an account than in his house, but he just sighs and laments that I've "fallen for the scam." The money isn't even in a proper safe, it's literally just an old school locker kept in plain view secured with a padlock, meaning anyone with some bolt cutters from Home Depot could rob him of his entire life savings. The thing isn't even secured to the floor, so actually someone could just walk in and carry it out and worry about cracking it later.
How do I knock some sense into him?
