Tuesday 10 November 2015

Three Reasons I Tend To Keep My Money Next To Myself

Hey, I use ATMs. I deposit money in banks. I use traditional checking accounts. I also use Paypal and other online couriers to send and receive money. I'm not a person likely to have digital paranoia when it comes to digital finance, let alone digital currencies, right?

Truth be told. I am.



Hacking

The digital world is filled with hackers and anybody could be a hacker if they needed to be. People are looking over your money when you invest, deposit, send money or buy from online shops. Some exploit some errors to gain access to the system mainframe where they can easily exploit our credentials, just like what happened to JPMorgan Chase & Co.

Digital Errors

Those costly digital errors will make our lives worse with hackers. A simple error, such as the web page timed out when you just clicked 'buy' in online shops and used a courier to pay could cost you money that couldn't be returned because well, that's an error.

Peace of Mind


I keep my money just next to me. I buy some items that I think would increase in value over time. I don’t keep them next to me because you know, inflation. But it gives me peace of mind when I know my money is safe with me and not in some ATM or system where my money can lose value.