Protect Your Money
Protect Your Money
Money is a hard thing to earn. Keeping that hard earned money safe is another difficult thing. Companies are advertising products that we do not need,CISA yet feel compelled to buy. Banks and money institutions are making it easier for us to spend money by giving us loans and credit cards and other complex instruments so that we can spend money that we do not actually have. Then when we cannot repay the debts, the banks or institutions practically own us. I think the only people who came out of the economic meltdown safely are those who borrowed heavily and then could not repay their debts. They could take their purchase and disappear.
With the institutions in disarray and some of them completely destroyed, who is to say anybody is going to come after them. The slate has been wiped clean for them. In a way it serves them right. They got to greedy and prayed on the desperate, not, caring for the consequences or being too near sighted to see them. So how do you guard against calamites like this? The answer to that is by investing a portion of your savings in solid things like land, gold and government bonds.
The price of land is always rising. Like Superman’s arch nemesis Lex Luthor says “Land is the one thing that they don’t make any more of”. With the rising population, land is becoming a scarce commodity. Buying land will lock away your money in a safe and tangible asset that only appreciates in value. Gold is similarly also an investment that appreciates in value. Gold deposits that are easy to mine are becoming scarce. Until humans find a cheap way to mine asteroids, gold will remain a rare commodity. Do not invest in jewelry but in solid gold in the form of coins or bars. Also buy only 24 carat gold which is the purest form of gold.
Government bonds are also a good bet because they are guaranteed by the government. Not the political body that changes very couple of years, but the institution that runs the country. These things will help you save up for retirement in a safe way. A credit union is a safer bet than a bank. I am not saying do not use a bank at all – that’s impractical. Too many transactions are conducted through banks and not having a bank account is like not having social security.
A credit union is very much like a bank. In fact it is a bank, but is owned by its members. The guidelines for credit unions are set by the government and credit unions get special privileges under the law. The banks are not at all happy about this and are constantlyCRISC lobbying against credit unions. Credit unions give loans at rates much cheaper than the banks, but you need to be a member to be able to apply for one. Credit Unions also undertake social awareness activities in the areas they are established in.
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