consulting Captain Obvious would have been cheaper than subscribing to Moody's ...
Posted on 03/14/2023 7:54:54 AM PDT by Oldeconomybuyer
consulting Captain Obvious would have been cheaper than subscribing to Moody's ...
“So where’s the safest place to have your savings?”
FDIC-insured bank accounts under $250,000 per person per bank or money market funds invested in 30-day Treasury notes in custody of big outfits like Schwab ...
The mattress until they announce the revaluation or a new currency.
Was just saying on another thread, the system broke on Sunday night with what the Fed did.
They showed there are no rules, no regulations, etc. attached to the US Monetary System. That means our currency is well... worthless.
More good news.
“So where’s the safest place to have your savings?”
Keep six months of general operating expenses in CASH in your gun safe. Some call this an ‘Emergency Fund.’ Tally up your monthly expenses, multiply by six. There’s your ‘Magic Number.’
After that, pay off ALL consumer debt - student loans, car loan, credit cards. And SHAME ON YOU if you have ANY of those right now! Did you learn NOTHING from 2008? ;)
THEN, pay off your mortgage.
You want your money in ‘stuff’ not sitting in a bank waiting for Mother Government to steal it.
And if you can switch to a Credit Union for your banking needs, please do so. :)
Bidenomics.
Diana, why do you advocate paying off all loans? For example, a car loan. If you have enough cash to pay off the balance at any time, what’s the disadvantage of just continuing with loan payments? Especially considering inflation eating away the real value of that remaining debt. Pay it off in devalued dollars down the road.
So far Biden’s term has resulted in catastrophe for our lives and our nation. God only knows what’s in store for the remaining 18 months.
Why do we have to suffer those 18 months? This cretin has to be remived....a regime change like Porato head suggested for Russia.
Do we wait until he finishes us?
You have NO idea what you are talking about.
“Pay it off in devalued dollars down the road.”
I can see where you could think that. I, for one, have found that having NO CONSUMER DEBT (CCs and car payments) at all frees up my money to work for me, versus ME working to pay for things. I advocate paying your mortgage last, as writing off property taxes and interest and home repairs is the sole remaining deduction that Mother Government HASN’T taken away from we Peons.
I retired at 56, 100% debt free and with enough to last me for as long as I’ll ‘statistically’ live; into my mid-80’s based on genetics in my Family Tree. And, also, most likely alone as I’ll outlive my spouse.
For me, building that wealth instead of ever having a car payment was, literally, money invested for my future.
Democrats own this.
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