Jeremy Olshan

speaker
132 appearances 2 recordings 1 series first heard Oct 2023 last heard Jan 2025

Jeremy Olshan’s voice in public audio — every appearance, attributed to the second.

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Appearances

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Your money digitally or the ATMs are not working.
Credit card readers are not working.
There's no Venmo or cash app.
How are you going to pay for necessities?
How are you going to pay for anything?
Exactly.
And most people aren't carrying nearly as much cash, if any cash, right now.
So when these situations come up, if you don't have some set aside, you could really be in a jam.
There was no one answer.
We asked a whole bunch of people, about a dozen financial advisors.
I even reached out to some disaster prepper experts.
If there was consensus, it was you need, at minimum, the low end was a few hundred dollars.
And then I'd say if we had to average it out, it was you need a week of expenses.
Some said you need at least two weeks.
It depends if you live in, say, Florida or other storm-prone areas.
It's pretty common at this stage that there's a ritual to it.
The power goes out, you're going to need to pay for gas and food.
So having a couple of weeks of expenses in cash is more common in places like that than where your power doesn't go out so often.
A lot of the feedback we heard from readers, and there was a great deal, was like, you know, the power's out.
It usually isn't for long.
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