Storing money without a bank can be done through several options:
Cash: Keep cash at home in a safe or security deposit box.
Precious metals: Invest in precious metals such as gold or silver, which can be stored at home or in a secure storage facility.
Cryptocurrencies: Buy cryptocurrencies such as Bitcoin and store them in a digital wallet.
Real estate: Invest in real estate, either by purchasing property or investing in a real estate investment trust (REIT).
Bonds and savings bonds: Purchase bonds or savings bonds from the government, which can be held until maturity and redeemed for cash.
While these options provide alternative ways to store money, they also come with risks and limitations, such as the potential for theft, market volatility, and lack of FDIC insurance. It’s important to carefully consider the pros and cons of each option and do your own research before making a decision. Additionally, it’s recommended to consult a financial advisor for guidance in making investment decisions.