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How to Inflation Proof Your Hard-Earned Cash

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How to Inflation Proof Your Hard-Earned Cash
We get a job and think we are making so much money. Then after a few years, making the same money we realize we are actually making less each year. Inflation is killing us, as far as our money value goes. Inflation isn’t the only issue, but that’s all I will address here. Believe it or not there are a few steps you can take to cut down on your risk and keep the value of your money, aside from inflation headaches.
Buy Gold.
Buying gold helps your money retain it’s value. Why? Because the value of gold never really changes. We may see the price fluctuate a lot, but the reality is it levels off to the same value. In other words, what you could buy in 1800 for an ounce of gold, is pretty much the same things you can buy for an ounce of gold now. A good pair of shoes, sock, a very nice suit and dinner. The value of gold hasn’t changed, but the price of the things you can buy change. Basically what’s happening is your money is worth less, so things cost more. But the value of gold doesn’t change. The price changes, but the value doesn’t. This is a good sound investment, long term.
Buy Silver.
The same arguments for gold can be used for silver. The value of silver hasn’t changed much either. It’s a good solid investment to keep the value of your money.
Invest with a professional.
Find the right investments. A professional investment manager will be able to invest your money wisely. For example when the economy started going South our investment manager advised us to put our money into cash for a while until things calmed down a little. Then when things started picking up a little he invested the money again for a better return. A good money manager should be able to give you an average of 8% a year, or more. If you have a LOT of money you should be able to expect this average to go up considerably.
How do you find someone to manage your money? Word of mouth is the best way. If you have rich friends you can ask them for advice, if you don’t then ask someone else you don’t know who is rich.
Being wise with your money can go a long way to keeping it’s value up.
I hesitate to add this last step because I call it personal investing. Buying Stocks, Commodities, Bonds. Don’t do this unless you’ve studied for years and years, or studied under a professional trader, and understand what you are doing. If you have a plan and are sticking to it then you probably know what you’re doing and don’t need this article.
source:ehow.comto Inflation Proof Your Hard-Earned Cash
We get a job and think we are making so much money. Then after a few years, making the same money we realize we are actually making less each year. Inflation is killing us, as far as our money value goes. Inflation isn’t the only issue, but that’s all I will address here. Believe it or not there are a few steps you can take to cut down on your risk and keep the value of your money, aside from inflation headaches.
Buy Gold.
Buying gold helps your money retain it’s value. Why? Because the value of gold never really changes. We may see the price fluctuate a lot, but the reality is it levels off to the same value. In other words, what you could buy in 1800 for an ounce of gold, is pretty much the same things you can buy for an ounce of gold now. A good pair of shoes, sock, a very nice suit and dinner. The value of gold hasn’t changed, but the price of the things you can buy change. Basically what’s happening is your money is worth less, so things cost more. But the value of gold doesn’t change. The price changes, but the value doesn’t. This is a good sound investment, long term.
Buy Silver.
The same arguments for gold can be used for silver. The value of silver hasn’t changed much either. It’s a good solid investment to keep the value of your money.
Invest with a professional.
Find the right investments. A professional investment manager will be able to invest your money wisely. For example when the economy started going South our investment manager advised us to put our money into cash for a while until things calmed down a little. Then when things started picking up a little he invested the money again for a better return. A good money manager should be able to give you an average of 8% a year, or more. If you have a LOT of money you should be able to expect this average to go up considerably.
How do you find someone to manage your money? Word of mouth is the best way. If you have rich friends you can ask them for advice, if you don’t then ask someone else you don’t know who is rich.
Being wise with your money can go a long way to keeping it’s value up.
I hesitate to add this last step because I call it personal investing. Buying Stocks, Commodities, Bonds. Don’t do this unless you’ve studied for years and years, or studied under a professional trader, and understand what you are doing. If you have a plan and are sticking to it then you probably know what you’re doing and don’t need this article.
source:ehow.How to Inflation Proof Your Hard-Earned Cash
We get a job and think we are making so much money. Then after a few years, making the same money we realize we are actually making less each year. Inflation is killing us, as far as our money value goes. Inflation isn’t the only issue, but that’s all I will address here. Believe it or not there are a few steps you can take to cut down on your risk and keep the value of your money, aside from inflation headaches.
Buy Gold.
Buying gold helps your money retain it’s value. Why? Because the value of gold never really changes. We may see the price fluctuate a lot, but the reality is it levels off to the same value. In other words, what you could buy in 1800 for an ounce of gold, is pretty much the same things you can buy for an ounce of gold now. A good pair of shoes, sock, a very nice suit and dinner. The value of gold hasn’t changed, but the price of the things you can buy change. Basically what’s happening is your money is worth less, so things cost more. But the value of gold doesn’t change. The price changes, but the value doesn’t. This is a good sound investment, long term.
Buy Silver.
The same arguments for gold can be used for silver. The value of silver hasn’t changed much either. It’s a good solid investment to keep the value of your money.
Invest with a professional.
Find the right investments. A professional investment manager will be able to invest your money wisely. For example when the economy started going South our investment manager advised us to put our money into cash for a while until things calmed down a little. Then when things started picking up a little he invested the money again for a better return. A good money manager should be able to give you an average of 8% a year, or more. If you have a LOT of money you should be able to expect this average to go up considerably.
How do you find someone to manage your money? Word of mouth is the best way. If you have rich friends you can ask them for advice, if you don’t then ask someone else you don’t know who is rich.
Being wise with your money can go a long way to keeping it’s value up.
I hesitate to add this last step because I call it personal investing. Buying Stocks, Commodities, Bonds. Don’t do this unless you’ve studied for years and years, or studied under a professional trader, and understand what you are doing. If you have a plan and are sticking to it then you probably know what you’re doing and don’t need this article.
source:ehow.com

We get a job and think we are making so much money. Then after a few years, making the same money we realize we are actually making less each year. Inflation is killing us, as far as our money value goes. Inflation isn’t the only issue, but that’s all I will address here. Believe it or not there are a few steps you can take to cut down on your risk and keep the value of your money, aside from inflation headaches.

Buy Gold.

Buying gold helps your money retain it’s value. Why? Because the value of gold never really changes. We may see the price fluctuate a lot, but the reality is it levels off to the same value. In other words, what you could buy in 1800 for an ounce of gold, is pretty much the same things you can buy for an ounce of gold now. A good pair of shoes, sock, a very nice suit and dinner. The value of gold hasn’t changed, but the price of the things you can buy change. Basically what’s happening is your money is worth less, so things cost more. But the value of gold doesn’t change. The price changes, but the value doesn’t. This is a good sound investment, long term.

Buy Silver.

The same arguments for gold can be used for silver. The value of silver hasn’t changed much either. It’s a good solid investment to keep the value of your money.

Invest with a professional.

Find the right investments. A professional investment manager will be able to invest your money wisely. For example when the economy started going South our investment manager advised us to put our money into cash for a while until things calmed down a little. Then when things started picking up a little he invested the money again for a better return. A good money manager should be able to give you an average of 8% a year, or more. If you have a LOT of money you should be able to expect this average to go up considerably.

How do you find someone to manage your money? Word of mouth is the best way. If you have rich friends you can ask them for advice, if you don’t then ask someone else you don’t know who is rich.

Being wise with your money can go a long way to keeping it’s value up.

I hesitate to add this last step because I call it personal investing. Buying Stocks, Commodities, Bonds. Don’t do this unless you’ve studied for years and years, or studied under a professional trader, and understand what you are doing. If you have a plan and are sticking to it then you probably know what you’re doing and don’t need this article.

source:ehow.com