Should I Loan As Much As Possible And Spend All My Savings?

By Increase Savings | Published: July 9, 2009

I have been saving intensely for the past 10 years. Now that interest rates are dropping and governments around the world are printing more cash. It means savings will erode and those that lived within their means are going to be punished. Wouldn’t now be a good time to go into debt? Won’t assets be worth more in the long run then cash?
This is a serious question!

This entry was posted in Q&A's and tagged , , , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.

3 Comments

  1. Michael L
    Posted July 9, 2009 at 1:20 pm | Permalink

    buy gold bullion and gold coins, guns and lots of ammo..
    … this is a serious answer..
    You’re right.. those who played by the rules get screwed by a government that buys votes with your tax dollars. prints money out of control so that yours is worth less. tells you that what you want doesn’t matter and that you can’t possibly be smart enough to know what is good for you. (auto bailout was overwealmingly unpopular yet it is going to happen anyway). I wish I had re-fi’d my home 12 times, purchased cars and boats and big screen TV’s and lived large… then cried to the TV cameras saying how the banks and mortgage brokers robbed me of my life savings… booo… friggin… hooo.
    WAKE UP PEOPLE… time to take back the country from those determined to destroy it.

  2. golferwh
    Posted July 9, 2009 at 3:24 pm | Permalink

    what planet have you been living on? The value of the dollar has been shrinking for years. Assets are nice but cash is always king

  3. Kaska
    Posted July 9, 2009 at 7:16 pm | Permalink

    No

  • Thinking of investing your savings?


    While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.

    Where to start?

    If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.