Why Are We Still Told, By Professional Financial Advisers, To Save Money?
I really had the urge to write a post about my financial situation – because I am a great and well trained expert in creating disasters in my own private economy. For a long time I tried did everything to ignore the fact that my financial situation was in a state where normal people would go into deep depression.
Ignoring was not really a god strategy, because it made me eat rice for months and suffer from…and I am not going there. It forced me to rewire my strategy, and the next one was to start listening to people who claimed to be the experts on the subject.
So where did I go for some good advice ? I thought the banks would be the obvious place to go, of course. I was the expert on how to suck resources out of my account, so now I needed my financial adviser to help me grow it and make it into a beautiful…well at least balance it.
As I sat down with my financial adviser, I had a positive attitude, until he asked me all this questions…unpleasant questions about my reality, and I figured that nothing would change in here, other then becoming more financially depressed. I mean, my adviser was doing his job fine, but he didn’t have lots of ideas on how to turn my situation around.
He finally came with his last idea at the end of our meeting; to save my money for my future. Not much, but saving a little every month…
I just heard that advice in the Danish national TV the other day; it is a good idea to save your money…
I might be stupid when it comes to money, but when I hear this advice I am amazed. Why save something that constantly are loosing its value? Money has always lost value and will always continue to do so. Please explain this to me, if you have an answer to this question. Write to me on my blog or something, it will make me happy!
I claim to know that money will loose value always, it is not worth saving.
Let us say I save 10 000 dollar for ten years. They might be worth 7000 by the time I decide to use them…That is the strategy of disaster. Think of it…is there any hope that money today will have the same value as it had, lets say 10 years back?
Long time ago, when I was a child, I remember the value of 100 Norwegian krone. We could buy a lot from that amount of money. I would probably not believe it if someone told me 100 kroner was going to get the same value back as in the old days, but lets say it did. Then it make sense to save them until they start loosing value again.
Probably my bank adviser wont read this, but if he did, he would probably come up with some good explanation. While waiting for that I have studied more about this topic and met great people on my way, with a lot of wisdom about economy and life in general
Kip is one of them – he retired before he was 40 because he figured out certain things about money, investing and he gives great advice to his friends too. Finally some advise that makes sense to me.
I am going the share what he told me:
“Those that hold gold and silver….those that hold growth stocks with bright futures….those that make smart financial decisions…and those that learn to think on their own, will be the new wealthy in the years to come.”
Also: ” Gold and silver are well on their way to being viewed as the only true currencies on the planet.”
Another great financial adviser of mine made a video about this topic, you will find it on my blog post “Why Are We Told To Save Money?
Meet Ingebjorgs new financial adviser by looking at his movie it is at the end of the article in her site. Afterwords go and get a glimpse on the strategy Ingebjorg is training her students to use, to build their businesses online
