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Re: 47% of US people don`t have 400 BUCKS for EMERGENCIES 

By: Decomposed in POPE IV | Recommend this post (2)
Tue, 24 May 16 6:49 PM | 83 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 06962 of 47202
(This msg. is a reply to 06961 by micro)
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micro: 

Re: ”LIVE DEBT FREE dumbasses. PAY CASH for things and be sure to save at a minimum five percent of every dollar you bring home..... DO NOT touch it. SAVE IT.“

I'm with you in spirit, and completely with you about not going into debt.

HOWEVER, Saving "at a minimum five percent of every dollar you bring home" isn't actually that smart when we know full well that the government is rapidly debasing the currency and will be doing so at an accelerating rate due to interest on the debt.

What's important is to save - but not necessarily in the form of "money." Saving in the forms of precious metal, ammunition and farmable land have worked well for me and will probably do better in the future than the certain loser known as fiat currency.

I often speak of the wisdom of buying items "with inherent value," though that sometimes leads to lengthier discussions of what that means and whether anything truly has "inherent value." Let's just say that it's smart to put money into things that, with a high degree of confidence, you can sell a long time from now without any loss of wealth.

I know you agree that the U.S. dollar does not fall into that category. While interest rates are near zero and the government is inflating, dollars are pretty stupid things to allocate much of your investment portfolio to. They're liquid, but besides that, they don't have much to offer. 




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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Re: 47% of US people don`t have 400 BUCKS for EMERGENCIES
By: micro in POPE IV
Tue, 24 May 16 6:08 PM 		Msg. 06961 of 47202

Good Morning!!!

WOW!

You know what the real problem this article is showing?

These so called middle class people GET everything THEY WANT and make no plans for contingency funds as if they are never going to have any rainy day troubles. Then they whine like little babies who never learned any lessons from Mommy and Daddy.

LIVE DEBT FREE dumbasses. PAY CASH for things and be sure to save at a minimum five percent of every dollar you bring home..... DO NOT touch it. SAVE IT.
Every week. ONLY BUY things YOU HAVE TAO HAVE.

PAY your frickin car off and next time, do not BUY A NEW ONE if you cannot pay for it up front. SAVE for it! Get a used one.

Your house? Oh my... I see what these kids buy for their houses and cringe. Never satisfied or content. Always have to have a showpiece or the biggest and best... NOT what they can afford.

My house budget was always based on what would my unemployment be if I ever lost my job? Could I make my house payment and property taxes??

That lowers considerably what one will look at for a house.

LEARN to DO WITHOUT early on and do not go into debt...

SHEESH.......................


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