Talk about a case of regretting doing something nice for somebody. An Israeli woman in Tel Aviv, known simply as Anat (not her real name) only wanted to do something nice by buying her elderly mum a new mattress. Little did she know that her mum, after a bad experience with a bank, was saving their $1M fortune inside the mattress.
JERUSALEM – An Israeli woman mistakenly threw out a mattress with $1 million inside, setting off a frantic search through tons of garbage at a number of landfill sites, Israeli media reported Wednesday.
The woman told Army Radio that she bought her elderly mother a new mattress as a surprise on Monday and threw out the old one, only to discover that her mother had hidden her life savings inside. She was identified only as Anat, a resident of Tel Aviv.
When she went to look for the mattress it had already been taken by garbage men, she said. Subsequent searches at three different landfill sites turned up nothing.
My first thought was wow that is royally bad luck. Then I wondered how come nobody knew they had that huge of a fortune. And then I attempted to imagine what the interest would have been like if she had left it in a bank. Banks are really nobody’s friend but we can all agree that a mattress isn’t the best place for your life’s savings. There are so many reasons to factor in:
- Theft - Saving it in your mattress is quite common and if I were a thief I’d look there
- Loss – Why sleep on it when you could be raking in the interest
- Value – The value of cash goes down everyday due to inflation
- Accidents - Your daughter might accidently throw away the mattress
So where should you put your money? I consider myself to be a pretty financial responsible 24 year old, but I’ll leave the advice to the experts:
1.) Ten Tips on Where to Put Your Money NOW by Peter Passell
2.) Where to Put Your Money Now by AOL Money & Finance
3.) Investing for Beginners : Personal Finance by Divine Caroline
4.) How to Pick the Right Mutual Funds by Mint.com
5.) Why and How to Buy a Mutual Fund by Mint.com
Happy saving, investing and money making.
Put money in spreading Peace, Love
Love
Rajesh
http://rajeshmsharma.blogspot.com
Yeah, put your money into your family!!!
The best place to put money is into philanthropy, charity, helping others. Whatever you give away with love comes back to you tenfold. Better than any interest you can earn at a bank!
Lissa Coffey
Lifestyle and Relationship Expert
Author: "What's Your Dosha, Baby? Discover the Vedic Way for Compatibility in Life and Love"
http://www.coffeytalk.com http://www.whatsyourdosha.com
Wow… that really sucks. I have to agree, though, putting money in a mattress is just a BAD IDEA.
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yup you are right saving money us too much hard it is not easy to save money the money but we should try to do savings because money is everything now a days,
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Amazing .. i would kill myself .. can you imagine that some lucky garbage man found one million dollars omg i would search and kill every garbage man in tel aviv until i find the one that took that Tempurpedic mattress
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$1 Million inside the mattress, I heard such stories as a kid but never thought that such stories could be for real.
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This a very good example of how good intentions can take a bad turn. The gesture of replacing the old mattress with a new <a rel="follow" href="http://ebed.com/memory-foam-mattress.php">memory foam mattress was quite considerate but so was the mother's gesture to save one million dollars. In the end, it all got really messed up…
A person who wants to get money from his savings account could not do so by issuing a check against the account. He has to withdraw the money straight from the bank or from an automated teller machine before he can get his money or use it for payment.
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The women might not know that it contains money. So she might have thrown away.
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What youre saying is completely true. I know that everybody must say the same thing,
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That's one of the silliest thing I've ever heard! How could she do such a stupid thing?
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Just got a memory foam mattress myself and it feels like it's stuffed with this money!! I honestly cannot believe how heavy this thing is!