jump to last post 1-3 of 3 discussions (5 posts)

In the days today saving money is the worst one can do

  1. Ratatoesk profile image62
    Ratatoeskposted 4 years ago

    What do you think about this statement?

  2. Rochelle Frank profile image86
    Rochelle Frankposted 4 years ago

    I you expect galloping inflation, saving up money is amassing something that is losing value.
    If this is the case, it might be best to use money to buy tangible goods that hold value.
    For those who fear economic collapse, buying things that might be useful or scarce-- like tools, alternative power systems, land for food production, or barter items would be better than a pile of worthless currency.

    1. Ratatoesk profile image62
      Ratatoeskposted 4 years ago in reply to this

      Thank you Rochelle for sharing your point of view :-)

  3. psycheskinner profile image82
    psycheskinnerposted 4 years ago

    I save a lot of my money because I don't want to subsist on handouts and kibble when I retire. In my opinion saving money in a good investment account is always a good idea.

    1. Ratatoesk profile image62
      Ratatoeskposted 4 years ago in reply to this

      Thank you @psycheskinner for sharing. But donĀ“t you think, to put money in a good investment account is actually more investing then just saving?

 
working