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The team delve into the topic of money, specifically cash and its potential decline in our society. They explore the concept of a cashless society and discuss whether cash still holds value and has a place in our modern world.

They also touch on the benefits of cash, such as privacy, accessibility, and control, while acknowledging its drawbacks, including the risk of theft and the environmental impact of producing physical currency.\\xa0

KEY TAKEAWAYS

Cash provides privacy and control over one\'s finances, as transactions are not easily traceable and can be kept confidential between the parties involved.

Cash is accessible to everyone, regardless of their access to banking services or personal preferences. It allows for inclusion and is widely understood across different cultures and countries.

Cash transactions can be faster and more efficient compared to card transactions, especially for smaller purchases. It eliminates the need for card readers, PINs, and potential technical issues.

Cash can help prevent fraud, as there is less risk of unauthorised transactions or identity theft. However, it can also be more susceptible to theft or loss if physical cash is stolen.

BEST MOMENTS

"Cash came along and then everybody agreed that this has an implied value and then it just made transactions so much easier."\\xa0

"Cash is diminishing\\u2026 The amount of places I go to says card only."\\xa0

"Cash is king\\u2026 Cash flow is king."\\xa0

"Cash promotes inclusion\\u2026 It doesn\'t matter where you go, people understand cash."\\xa0

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk\\xa0

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

This show was brought to you by Progressive Media