I did a word search for ‘ammo’ and ‘ammunition’ and they were not found in the article. I don’t know what Fortune thinks “smartest” means, but it’s not what I think it means.
I had a conversation over Christmas with a relative and we both concluded that the best thing we can do with our money is to spend it. Saving is for suckers anymore. You’ll just be penalized when you retire as being one of the “wealthy” whereas if you live the good life and spend everything, you can scream for your handout just like everyone else.
When your adult “kids” ask for a loan, tell them NO.
And never, ever co-sign a loan with them. I learned this the hard way.
I have no debt. My car and house are paid for. Credit card bills get paid in full each month. I’m retired, single and live comfortably on a small pension and social security and still manage to save a little each month. And by the time I croak, there won’t be anything left to pass around.
Call me what you will (stingy, tight, frugal, boring), I don’t give a crap. I’ve had it with my entitled, lazy brats who think I owe them a free ride. Happy New Year.
Buy guns and ammo. And food, fuel, and toiletries. And gun cleaning supplies. And spare parts for your guns. Don’t forget the ammo, and spare magazines. You see where I’m going with this, don’t you?
” at least six months of take-home pay in a high-yield savings account, where you can earn interest but still have easy access.”
The article is good advice and young people need to read and heed it, which they don’t and won’t. But it must have been written thirty years ago for use today. There is no such thing as an easy access, high-yield savings account. A ten thousand dollar money market account today will pay maybe two dollars a year in interest. That’s not high-yield, that’s “I yield.”
Send me some of it!
Freeze dried food, ammo and a place in the country.