This phrase was made famous by legendary investor Ray Dalio. It’s been adopted by personal finance bloggers to encourage people to invest.
The basic premise of “cash is trash” is that if you keep cash in a savings account, you will slowly go broke because inflation will eat away at the “real” value of your money.
In this edition of Calling Financial Bull$hit, you will learn the specific circumstances when cash is trash and when it’s the most important asset you could hope to have.
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