Recession is coming and cash is trash (but only for some.)

In an inflationary environment, I hear so many people saying cash is trash all the time.

Do you believe me if I tell you only the rich can afford to say that?

For those of us who still depend on our salaries and who have loans to service, we better have more cash on hand.

In fact, we better have much more cash on hand in case another recession hits.

PM Lee has recently warned that a recession is  possibly coming and economists think it could last two to five years. (Source: CNA.)

Yes, two to five years.

Some gurus will tell us not to worry because we can always borrow money.

Well, those of us who have tried to borrow money before will know it is not easy to do so especially in an environment where credit is tight.

Coincidentally, central banks are tightening money supply to fight inflation.

Banks are fair weather friends and they mostly prefer to lend money to people who already have money.

Even if we manage to borrow some money, it is likely to be costly.

With interest rates going higher, it would definitely be the case.

To those who can afford to say cash is trash, please remember that most people are not in a position to think that way.

Making them think that way is irresponsible and almost wicked.

To those who are listening to people who say cash is trash, consider our circumstances.

No one cares more about our money than we do.

Things are likely to worsen in the next two years or more and we must do what is right for ourselves.

Peace of mind is priceless.

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$1 million investing for income and stair climbing.

Many years ago, I blogged about climbing stairs to keep fit.

I have not been climbing stairs for almost 3 years because I have been staying at home most of the time.

I could feel my fitness level dropping although I tried doing some aerobic exercises at home during the pandemic.

Stair climbing is just more effective and also efficient.

It is a low impact exercise that is twice as effective as jogging which means we won't destroy our knees.

It is a low impact exercise that is three times more effective than cycling and we don't have to spend money on a bicycle too.

I aim to regain my pre-COVID-19 fitness level in the next few months by climbing stairs twice or thrice per week.

I was doing 90 to 120 floors each time before and that is what I aim to do again.

Now, I am struggling to climb 40 floors. 

Exhausted.

I remind myself to be flexible in this exercise and not push myself too hard.

After all, I am somewhat older now.

Source: Climb stairs to be better investors.

Buy more from Mr. Market when he is feeling depressed.

Push myself to climb a few more floors when I am feeling good.

AK discovered that talking to himself after climbing 40 floors was hard work as he was feeling rather out of breath:

I mentioned people smoking on the staircase in the video.

Evidence:

Unfortunately, inconsiderate people are everywhere.

Anyway, if you are a smoker, try quitting.

It is so bad for health and expensive too.

Just like making $1 million by investing for income, it is probably not easy but it is not impossible.

$1 million video:

Make money while we sleep or work until we die:

Gambatte! :D

AK's YouTube channel.

Recently published:
Rising interest rate flashback to 2016.

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The gain will outweigh the loss.