What If CASH Didn't Exist? The Problem With A 'Cashless Society' скачать в хорошем качестве

What If CASH Didn't Exist? The Problem With A 'Cashless Society'

If I asked you to picture the last thing that you bought - whether that was a recent trip to the grocery store, a cup of coffee, an Amazon order or whatever else you’ve decided was worth your money recently - how did you pay for that thing? I’ll give you a second to picture it… I’m guessing you used either your credit card, maybe your debit card, or potentially you used e-transfer or Venmo to send someone your half of the bill they grabbed. But I’m also guessing that what you didn’t use was actual cash. And I think this is a pretty fair assumption, considering that paying with cash has become less and less common over the past few years. We can see that the number of people using cash for none of their purchases is going up a lot over the past decade alone, and it’s especially high for anyone earning more than $50,000 per year. Now, even if you can’t think of the last time you used cash, how would you feel if cash didn’t exist anymore? If it just poof completely vanished, and we became a cashless society? It’s something that sounds like it’s going to happen at some point, but should it happen? And are we actually ready for that to happen now? In this video, we'll talk through how much cash is actually used right now, and the potential downsides of going fully cashless. 0:00 When’s the last time you used cash? 0:57 The history of money 3:14 Cash is being used less and less 5:19 Canada’s leading the way for a cashless society 7:47 The main problem: a lot people are un- or under-banked ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/... ➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($50 bonus) - https://wealthsimple.sjv.io/vnkndW ➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB ➡️ Neo Financial - Our Cash Back Credit Card ($50 bonus) - https://join.neo.cc/stephandden ➡️ Simplii Financial - Our No Fee Checking Account ($350 bonus) - https://api.fintelconnect.com/t/l/61f... ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://www.questrade.com/campaigns/q... ➡️ M1 Finance - Low Fee Investment Platform USA (Up to $500 free) - https://m1finance.8bxp97.net/DVq3gd ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612... The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @steph.and.den Camera - Sony A6400 - https://amzn.to/2vsmDqc Lens - Sigma 16mm - https://amzn.to/2vslvCV Microphones - https://amzn.to/2tSa3jQ Tripod - https://amzn.to/37EAibU Small Tripod - https://amzn.to/2S3dWul External Hard Drive - https://amzn.to/3mQzMlP Our Music - https://www.epidemicsound.com/referra... The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.