SAVING YOUR MONEY FOR EVERGREEN COLORADO REAL ESTATE
Nobody would suggest that we return to the habit of saving your money under your mattress; but the concept of securely saving your wealth is just as real today as in day gone by. During the Depression people did not trust the banks, many banks had gone broke, so they hoarded their money by hiding it in their homes. In those days the money had real value since it was backed by silver: in fact it was called a silver certificate. Today money is drastically losing its value every year so hiding your money in the basement will cost you valuable buying power. Money is like your car-the longer you have it the less it is worth. The worthlessness of money has given the old expression, “time is money” new meaning; as time goes by your money loses its value.
So if you put your money in a savings account or invest in government treasuries or in the bond market your return will be almost 10% lower than the rate of inflation (the effective inflation rate has been about 13% for the last several years-gasoline has doubled since 2009). Last month the American Farm Bureau Federation reported that the average Thanksgiving dinner was 13% higher than last year, not counting the increased energy costs to cook it. If the Dow Jones is an accurate indicator of the Stock Market your stocks have lost about 40% since 2008 ( don’t forget the Dow simply eliminated Enron, AT&T, Honeywell, Eastmen Kodak, GM and many others when they lost money or went bankrupt). The average 401(k) lost between 17.7% and 60% in the 2008 bust according to USA today. Capital investments in oil and gas have stagnated over the last several years, and residential home equity nationwide has evaporated as home prices continue to drift lower each quarter.
Investing as a method of protecting and increasing your wealth has become an almost impossible task. Even Social Security is iffy; I don’t know any credible economists who don’t believe that the Federal Social Security program will soon go bankrupt ( in fact it is already bankrupt-every penny in the trust fund has been stolen by Congress). The N.Y. Post is reporting that the Federal Debt in total is 120 trillion dollars including borrowed money, intergovernmental debt like the stolen SSI fund, and promised liabilities like SSI, Medicaid, Medicare, government retirement obligations, and GI benefits, etc.
What can you do to protect your nest egg and have reliable income to retire on? The only answer for the most people is to invest in a business that produced a cash profit every month. Then, instead of investing your are in business and producing rather than depending on investments like bank interest or stock equities (don’t forget the banks and Wall Street just went bankrupt and needed to be bailed out by you).
The only real alternative for us average people is to invest in Real Estate. A rental property will pay for itself over time, produce income, and shelter that income from the unrelenting grasp of the IRS. Invest today in your financial freedom; give us a call at MARK ENGLISH REAL ESTATE and let’s put a plan in motion for your financial future. We are the one stop shop for all your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE needs. Whether a home of Your own, a RETIREMENT INVESTMENT, an EVERGREEN COLORADO HOME LOAN or an EVERGREEN COLORADO MORTGAGE REFINANCE call us at 303-674-0148, Email us at markenglishrealestate@msn.com, or visit us on the web at www.evergreencoloradoliving.com.
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