How do you store your Hard Earned Money $$$
How do you store and protect your hard earned money? Worldwide, all of us have in common that we work hard for our money. We all exchange a piece of our life in time spent working. The time spent can NEVER be replaced. Once time is used up it is gone forever. So when we work 40 plus hours a week to get a "paycheck" we actually gave up part of our life in doing so. So with our life slowly fading away by spending time at work, where is the best place to store our life blood money?Up until a few years ago, we had these choices to store our wealth/money. Traditionally the top choices have been:1. Banks2. Real Estate (your home)3. Stock Market4. Precious Metals5. Collectibles such as rare automobiles, paintings, antiques, stamps, baseball cards etc. Let us review some of these choices. Real Estate has traditionally seemed to be a safe investment. Usually, over time, your property should gain in value. Plus, you need a place to live anyway and renting does not build up equity. One of the problems, however, with real estate is that the government can tax you out of ownership.The stock market (before it was rigged with high frequency algorithmic trading bots) used to provide steady gains over a long period over time hold strategy. Today the market is full of fraud and false financials. As a note, I have had my brokers license since 1986.Banks have dominated the fiat monetary system for close to 400 years now. First and second world nations offer banking institutions to their citizens and most of the global business/personal financial transactions are carried out using them. One of the problems with our modern banking system, is that it is set up on a debt base model. The global economy is dependent on every citizen and country to borrow and keep borrowing. This model, however, can not last forever. Second, banks and nations print and print money which causes inflation and shrinks the purchasing power of that currency. An example would be the U.S. dollar, which has lost 97% of it's purchasing power since 1913. Third, few people realize that once you deposit money into the bank it is no longer yours. The bank has jurisdiction and control of your deposit, you just became a creditor or lender to the bank. Oh, by the way, if you think your deposits are FDIC insured, well? FDIC, currently only has only 1% in it's funds to insure 100% of your deposits.Collectibles can be a store of value. Depending on your knowledge of your collectible, over time, a wise purchase can provide great gains in the future. Usually collectibles are a niche market, but do have loyal participants. Comic books can be worth millions of dollars and so can that antique vase. Some of the important factors in collectibles is proper long term storage of your item and paperwork showing its origin and value, such as appraisals. Precious metals is the most conservative of the above listed as a store of wealth. PM have been money for over 6,000 years. Physical PM are recognized globally and never deteriorate. Today, the banking cartel may be able to suppress the prices of each metal (using paper contracts), but the suppression can not last forever.But there is a New Kid On The Block, Crypto currencies. Crypto currencies are a decentralized, block chain technology that exists using a public ledger. Cryptos can not be inflated or counterfeited. They are not controlled by any central bank and have no boarders. Currently there are over 730 crypto currencies available today, with new ones coming out daily. Are there any scams in the industry? Yes. Is it difficult to understand this new FinTech industry. Yes. Is it worth learning about it and participating in it. Absolutely, yes. The average gains are around 300% every 6 months. Are cryptos in a bubble. Not even close. Are cryptos regulated? In many countries, yes. Myself and many others write about crypto currencies on Steemit and other social media platforms. There is no shortage of information out there. Dive in and learn. Get involved now. As I state in one of my articles, every 24 hours you delay, it will cost you plenty.I for my part, see the future of money. It is certainly not in any fake, fraudulent paper fiat currency. I participate in some of the above mentioned store of value entities, including crypto currencies. I work too hard for my money and I want it to retain it's value and grow. I know you feel the same. My advice, is to do your own research and find your favorite place to Hide Your Money.
Thank you for the advice
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