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884: Friday Q&A: Deductible Car Expenses, Vacation Homes, Cash on Hand, Gold Coins Fraud, Etc.

Radical Personal Finance

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Capital for Capital Controls - Are There Any Other Strategies?

You always want to have an appropriate amount of physical currency in your possession that's not in the banking system. A college student should have, you know, 500 dollars stuck in a deodorant container, in a travel bag, in the trunk of his car. A multi millionaire who lives in a safe house in a safe neighborhood with a gate on it, should have a hundred thousand dollars of physical currency stored in the safe for emergencies or bank holidays. And so that is how you avoid capital controls, iis by having the money prepositioned across the international border. Physical assets can include your house. It can include valuable personal property. You might have an expensive watch, you might have

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