I never met anyone who paid €10,000 in cash. Like, how is someone able to carry all that much? In a suitcase? You’d also be a walking target for robbery if someone knows you are carrying a suitcase with €10,000 in cash. That amount is life changing for most ordinary Europeans. €10,000 is not going to make someone rich, but it’s going towards savings for someone financially wise enough.
Edit: people are talking about it’s possible to carry €10,000 cash by saying they have €100 notes. But I thought they are out circulation precisely because of money laundering and criminal transactions?
A couple of years ago i sold a car and was paid in cash (12.000 €), its not so much a problem to carry around… i mean, its only 24 500,- € notes or 60 200,- € notes, you surely don’t need a suitcase, an envelope is absolutely enough.
Payment for surgery to doctors who arent allowed to be paid, in a failed universal healthcare system. Or doctors who want to tax evade. This is a necessity if you want your poorer country to keep any decent doctors. Because why would any doctor work for 1500€ when they can easily migrate and find a job for 10k+.
This comment is poorly informed. Private car sales use cash a lot. 10,000 isnt suitcase worthy. Any volume of cash of a target. €10,000 being life changing is suspect, in what regard is it specific to europeans.
Yeah fair enough. Someone mentioned they could carry €10,000, somehow, when I could barely fit wads of €50 bills in my wallet. So I doubted people paying in cash with €10,000.
€10,000 is a handsome amount of money to have. That’s why I put the caveat “someone financially wise enough”. From my experience, a lot of people spend more beyond their means, and then complain they can’t afford a house or raise a family. I am no faulting people, but most of us have been conditioned with the old assumptions that working alone could allow us to travel, party in our youth, and then afford to save later for a home. Nobody taught us about inflation.
I never met anyone who paid €10,000 in cash. Like, how is someone able to carry all that much? In a suitcase? You’d also be a walking target for robbery if someone knows you are carrying a suitcase with €10,000 in cash. That amount is life changing for most ordinary Europeans. €10,000 is not going to make someone rich, but it’s going towards savings for someone financially wise enough.
Edit: people are talking about it’s possible to carry €10,000 cash by saying they have €100 notes. But I thought they are out circulation precisely because of money laundering and criminal transactions?
A couple of years ago i sold a car and was paid in cash (12.000 €), its not so much a problem to carry around… i mean, its only 24 500,- € notes or 60 200,- € notes, you surely don’t need a suitcase, an envelope is absolutely enough.
Aren’t those notes banned? I have never seen €500 and 200 notes in years. Unless…you are saying something…
Nope, not banned, just not in print since 2019. The notes are still valid and in use.
Payment for surgery to doctors who arent allowed to be paid, in a failed universal healthcare system. Or doctors who want to tax evade. This is a necessity if you want your poorer country to keep any decent doctors. Because why would any doctor work for 1500€ when they can easily migrate and find a job for 10k+.
This comment is poorly informed. Private car sales use cash a lot. 10,000 isnt suitcase worthy. Any volume of cash of a target. €10,000 being life changing is suspect, in what regard is it specific to europeans.
Yeah fair enough. Someone mentioned they could carry €10,000, somehow, when I could barely fit wads of €50 bills in my wallet. So I doubted people paying in cash with €10,000.
€10,000 is a handsome amount of money to have. That’s why I put the caveat “someone financially wise enough”. From my experience, a lot of people spend more beyond their means, and then complain they can’t afford a house or raise a family. I am no faulting people, but most of us have been conditioned with the old assumptions that working alone could allow us to travel, party in our youth, and then afford to save later for a home. Nobody taught us about inflation.