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I am currently eliminating all my dollar based savings. The coming hyperinflation will wipe out paper and I want that capital in actual stuff, not fraudulent fed Ponzi paper. Anyone who saves dollars now will be sorry next year.
I was saving before but have cut out more crap (cable tv, downgraded service on cell phone, more store brands than big name, etc) and am stashing that much more each month away.
Staying away from the stock market..don't like the Vegas odds so I'm keeping with the banks in short term CD's and Money Market accounts. While it's not much..it IS a plus each month and I am preserving my principal.
Last year I made it on $40K (family of 2) and my goal this year is $36K
I refinanced my 10 year old mortgage (had it paid down to a 20 year equivalent) to get a lower payment so the same payment each month has more going towards principal.
To tell you the truth it will be interestign to see now many people get out of stocks once the markets gain some because rememebring the 70's recession almost a whoole generation dropped the stock market and invested in much safer investments . Right now i thnik alot are staying because they losss so much and with small movements they can gain alot because stocks are so cheap basically. Once they get near to recovering it will be something to watch.
I've always been a saver so I still save the same amount. But I'm worried about the dollar possibly collapsing and my savings vanishing so I have been looking at buying productive cropland, probably better to have than US dollars.
I'm keeping my eye out for some good RE as well..rural with some bigger acreage.
I just need some more time..just gimme some more time !!
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