They actually teach people in school now that having money in reserve at a company is bad because it’s not helping you make money.
Those words have literally come put of my future brother in laws mouth, who works in the banking industry. He’s been put of school a year or two, and has essentially said, if you have a rainy day fund as a company, you’re not maximizing your potential revenue (or some other hogwash like that)
And then we wonder why the financial industry has a boom bust cycle.
The reasoning that gave us just-in-time delivery and supply chain breakdown.
Its the same as a code review. Submit a code review for 1 file, get 5 comments. Submit with 1000 files, get a 👍 looks good!
I see you’ve got an arsenal of economy based memes. This’ll do
Tbh usually they just email me “hi here’s a credit limit increase” and I’m like “k sure thx”
I have a small business and a full time job. As such, I have a few bank accounts.
Today I was moving funds to put in my pocket for the weekend, reimburse money I borrowed from my business when I moved a while back (still not quite back on track 😬), some to an investment acct, some to savings.
And I noticed when I’m moving money to savings, or my business, I’m liberal: “$100,” “$150.” But when I move money to my spending account I become very stingy: “$53.82,” “107.64”
I’m not justifying anything it’s just an interesting parallel that I noticed earlier today (payday 😎)
Edit: I really do it to create nice even $xx00.00s in my accts that don’t spend money so I can easily track things like interest and stuff. And the pennies all go to the account that pays dollars and cents out, I guess.
