IMO debt is always wage/banking servitude. Reducing and eliminating debt thereby freeing your earnings from systemic confiscation is always a best idea.
Invest in your own life skills and wealth preservation as is possible. Real estate may appreciate on paper but it can also be an illiquid property tax and insurance trap that can drain your resources. Guns are always a good investment.
For the little guy treading water, I don't know that there are 'safe investments' these days; some local/national/global entity is gaming to steal the wealth of your labor somewhere down the line. We're on our own here while the globalists are looking to create systems to drain the wealth of the people into their own coffers. Everything is a risk.
I thought the same thing at first, however i listened to a podcast which changed my mind - if my home interest rate is at 3.2 APR and the REAL inflation rate is at 10% i would be saving 6.8%.
Look up the richest man in Germany - Hugo Stinnes. He took out MASSIVE debts on hard assets before hyperinflation set in. Paid back said debts in FULL after their \value went to crap.
I think healthy FIXED APR productive debt on assets is a great idea. Agree with everything else mentioned, skills, and hard assets. Anything is better than the dollar
To be fair, if you are millions in debt on your home, the bank gets jack diddly squat if the dollar crashes. "Sure. Here's my 5mill debt repayment, now worth just enough to buy a loaf of bread."
IMO debt is always wage/banking servitude. Reducing and eliminating debt thereby freeing your earnings from systemic confiscation is always a best idea.
Invest in your own life skills and wealth preservation as is possible. Real estate may appreciate on paper but it can also be an illiquid property tax and insurance trap that can drain your resources. Guns are always a good investment.
For the little guy treading water, I don't know that there are 'safe investments' these days; some local/national/global entity is gaming to steal the wealth of your labor somewhere down the line. We're on our own here while the globalists are looking to create systems to drain the wealth of the people into their own coffers. Everything is a risk.
I thought the same thing at first, however i listened to a podcast which changed my mind - if my home interest rate is at 3.2 APR and the REAL inflation rate is at 10% i would be saving 6.8%.
Look up the richest man in Germany - Hugo Stinnes. He took out MASSIVE debts on hard assets before hyperinflation set in. Paid back said debts in FULL after their \value went to crap.
I think healthy FIXED APR productive debt on assets is a great idea. Agree with everything else mentioned, skills, and hard assets. Anything is better than the dollar
I don't have any, was going to buy some years ago but never got around to it, that is fiat swiss francs. Actual paper currency.
As long as the notes themselves remain in print and are exchangeable, swiss francs have held up well as a currency over a long period of time.
I always envisioned having a shoebox of swiss francs. Never got there.
To be fair, if you are millions in debt on your home, the bank gets jack diddly squat if the dollar crashes. "Sure. Here's my 5mill debt repayment, now worth just enough to buy a loaf of bread."