Why You need to Stop saving in Cash!

 

Do you like to keep your cash rather than invest it? Do you know that if you continue like this, soon your cash will have no value due to inflation? Do not panic though because I’m here to help. I would be giving you solutions on how to avoid this from happening so let’s go through this list together!

On the top of the list is Real estate. Real estate is one of the best ways to tie down your money. As the day goes by, real estate prices keep going up. I mean you could ask for the price of a house today, come back next year and ask for the price of that house and you’ll see it’s double. Truth is people are now realizing that investments like real estate are strong stores of value because printing money out of thin air affects the economy. The value of your house goes up yes but do you know why? _ It’s the purchasing power of the currency that goes down which makes it necessary for you to need more cash to buy the same thing and that’s why the value of your house keeps going up.

Once you take into account the increase in raw material prices, there would definitely be apartments going for a higher price now. So what’s the safest thing to do you may ask me, Save up and buy a house!

2. Stocks. Want to know why the rich keep getting richer while the poor holds on to cash to survive? Well it has to do with stocks. So the government prints money, and releases it to the economy. People in turn buy products and services but guess what? That money ends up in the hands of 20 percent of the population. People would rather spend their money buying stuff from Amazon. Don’t get me wrong though, there’s nothing wrong with that, however, there is need for dilution of capital.  

You must learn to save money and purchase stocks and index funds like the SP 500. This is what is currently flooding the market. So, if you invest in the SP 500, you can be rest assured that its value would double in the next 16 months. This is why the top 10 wealthiest Americans own almost 90 of all U.S stocks. Now you don’t need to wonder why, just invest in stocks.

3. Land. Land is everywhere yet scarce. The United States department of Agriculture reports that agricultural land have gone up by seven percent in just these last 12 months; in fact, they have actually been going up since 2007.

Land keeps going up. Curious to know why? Well this can be related to the fact that people now know that they can work from anywhere. So there’s no need to spend a lot of money to buy lands in the suburbs. You can get one close to you in just 30 minutes. You don’t have to be tied to the workplace anymore. Buying lands is one of the best investments even in 30 years to come.

4. Swiss Frances or other superior currencies. It’s no secret that most Americans do not like to use other forms of currencies asides dollars. There is a misconception that the US dollar is the number one currency in both strength and value. This is not true though. There are countless of strong currencies out there. Want to know something you probably didn’t? The U.S has been printing and shipping containers filled with US dollars to the Middle East to make them maintain a strategic position there especially when they need to buy some political force. 

What they’ll do is to just add money and fly it there in cargo planes. In plain terms, they are corrupting other government with cash. This is why it is best to be smart and find other currencies. Currently, the best options are Swiss Franc, the Euro and the British Pound. Swiss Franc is the best for tacking inflation though.

5. Bitcoin. Bitcoin is definitely one of the top payment networks currently. It is the godfather of all hedges against inflation. Digital currency is definitely taking over. In fact, in years to come, the US will move from Fiat to a digital dollar and other countries will follow. Bitcoin will exist alongside these currencies so best to switch your holdings from digital currency to Bitcoin in your wallet that way it’s easier to manage your funds. Sources also say that approval for Bitcoin etf may happen in the next 12 months. Once this happens, every major business will convert a portion of their balance sheet to bitcoin to ensure they have a diversified portfolio. 

6. Altcoin. Altcoin are on the fast rise. They are all crypto currencies asides bitcoin. Some of the best altcoins to invest in are Etherium, LING, UNI, XLIA, AAVE and SOL. Sometimes, people see altcoins as bitcoin alternatives but they are not. They are different products entirely.

7. NFTs. NFTs are basically digital ownership. A way to prove you own something on the internet. So instead of getting paper documents if you want to buy a piece of land, you could buy NFTs for the land. This avoid stories of “ my document got burnt in fire”. 

8. Gold, Silver and Platinum. Gold and most precious metals go up by fifty in five years, so investing in gold is a safe investment. It doesn’t necessarily have to be gold like jewelleries. You could also walk up to the bank and buy gold bars.

9. Livestock- Funny to imagine, but yes investing in livestock is a much safer investment than in US dollars. It is even much better than investing in gold if it’s a developing country with high demand for livestock.

10. Arts. When you watch movies, what’s one thing you notice? Rich people like to invest in arts. Even in reality, the rich pay a lot of money just for paintings. This is why it’s a great idea to invest in arts. The store value for the price of art can never go down so you have nothing to worry about.

11. Luxury watches. Investing in luxury watches will always be a smart idea. To know which watches to invest in, check the intrinsic value of the watch, the craftsmanship and monetary value. The price of luxury watches would always go up. Top three luxury watches to invest in right now are Rolex Submarina, Patek Phillipe, and Audemars Piguet.

12. Luxury Handbags. Ever heard of a Birkin bag? You know how much it costs? Well depending on the year, reports have it that the cheapest Birkin bag costs around $13, 0000 and that’s for an old model. If you want a recent model, you’ll be looking at above $500,000. Luxury handbags despite the price are still on the rise, why?,  because they are good investments. You could start from cheaper ones and work your way to the top.

13. Vintage cars. Invest in vintage cars because the value hardly depreciates. In five years to come, you’ll realise that the value of the Toyota Camry car you bought at the same time as that of the G- Wagon would never be the same, same with the Ferrari. It goes up by eight percent yearly.

14. Raw materials. Rather than hold cash, invest in raw materials used for production. The economy is not stable so take advantage and invest in material stocks.

15. Anything asides keeping cash in the bank is not a safe way to double your money. When you keep it in the bank, it hardly ever doubles like investments. Buy something of value rather than keep your money in bank accounts because if you do, the value of your money will likely depreciate.

Don’t just watch people succeed in life. Join the wagon and make tough decisions so you can live the life you always dream of. You’re on your way there, no pressure.You are about to start realizing your goals. Congrats and be sure to let me know how it goes for you!