I feel so poor.

Mai72

Lifer
Sep 12, 2012
11,562
1,741
126
You ever go to your banks ATM for a quick withdraw? And, before you put your card into the slot you might notice a receipt hanging out from a previous customer who forget to take it? Well out of curiosity i looked at the receipt.

The balance was a little over $300,000. It wasn't a million, but it's still 6 figures just sitting in his/her checking account. When many people only have a few thousand if they are lucky, anything in the 6 digits is pretty impressive.
 

KB

Diamond Member
Nov 8, 1999
5,404
386
126
You may be poorer, but you are definitely smarter. Putting $300,000 in a checking account getting 0.1% is dumb.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,810
126
90% of the worlds population would look at your checking account the same way. Just a matter of perspective I guess.
This. $300k might seem like lot to you if you're used to seeing $300 or $3,000 in your checking account. But $300k could be petty cash account for someone else and so small amount they don't even care to keep track of. I personally know people like this. They keep over $million in petty checking account.
 

BarkingGhostar

Diamond Member
Nov 20, 2009
8,409
1,617
136
You may be poorer, but you are definitely smarter. Putting $300,000 in a checking account getting 0.1% is dumb.
The person probably has Billions of dollars in investment accounts and this was just the petty cash account.
 

TheVrolok

Lifer
Dec 11, 2000
24,254
4,091
136
That's like $30 for rich people, not going to care to earn 25 cents of interest. Thread title says it all.
Rich people don't become rich by keeping 300k in a checking account. It's even less likely this person is mega rich.
 

Zeze

Lifer
Mar 4, 2011
11,395
1,184
126
Humble brag if it's true.. because what kind of an idiot keeps 300K is a checking account? You're losing $$ by $500-$750~ EVERY month due to 2-3% inflation.
 

imported_bman

Senior member
Jul 29, 2007
262
54
101
Could have just been transferred into their account and they went to the ATM to confirm so. Not unusual to have $300k in a checking account for short periods of time, keeping $300k in a checking account for long periods is unusual for anyone but the rich ($50+ million).
 
Reactions: Ken g6

ponyo

Lifer
Feb 14, 2002
19,688
2,810
126
Humble brag if it's true.. because what kind of an idiot keeps 300K is a checking account? You're losing $$ by $500-$750~ EVERY month due to 2-3% inflation.
Kind of idiot with so much money that $500-700 loss every month is meaningless. You guys realize that there are people with so much cash that they pay banks each month to keep and store their cash. Instead of collecting interest from the banks, they pay banks interest to store their cash.
 

EXCellR8

Diamond Member
Sep 1, 2010
3,995
844
136
i hate when I forget about the extra $300k in my checking account... first world problems
 

deadlyapp

Diamond Member
Apr 25, 2004
6,627
721
126
A guy I know who's only a few years older than me opened up while we were all drinking one night. He manages the asian market assets for a large firm so he works nights. We found out he has about 2MM in assets. We had no idea.
 

snoopy7548

Diamond Member
Jan 1, 2005
8,162
5,193
146
On the flip side, maybe that $300k is all they have to their name and they're 66 years old. You really don't know; you should track them down so you can know, though, then post about it here.
 

zinfamous

No Lifer
Jul 12, 2006
111,267
30,268
146
I don't think anyone has mentioned yet that leaving $300k in a checking account is really dumb.
 

Kaido

Elite Member & Kitchen Overlord
Feb 14, 2004
48,862
5,528
136

eng2d2

Golden Member
Nov 7, 2013
1,007
38
91
300lk in a checking account in a receipt doesn't say much about the person. It might be impressive to a 25yo and under.
 

Jaskalas

Lifer
Jun 23, 2004
34,235
8,283
136
300lk in a checking account in a receipt doesn't say much about the person. It might be impressive to a 25yo and under.

Yeah, that's just a casual sum... no big deal, everyone should that a million in the bank.
 
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