Any current loans (unless variable APR) will remain the same. If you are concerned about the devaluation of the dollar, use your money to purchase things that will go up in price: food, medical supplies, etc.
This is very smart - I'm also converting dollars to hard assets right now - gold, silver (I esp, love silver), and property in promising locations that will hold and grow in value relative to the depreciated dollar losing value to inflation. So that also means bumping up mortgage payment amounts and spending on renovations to put the value in a hard asset. The renovations are the kind that add the most property value, which in my area means baths, kitchen, finish basement, roof deck. I think XRP is the only crypto I like after the court case finishes.
We just pulled that trigger and put up the one paid-off asset we had for a loan for land. Tired of this hell. Need our own shit. Got an RV w/that loan too. Takin off this weekend. Normally, I'd be way more scared of RV living for a few months. But not in clown world. Lol
If there is a recession you might need the money to buy food.
If it is more than a recession, no one will be repossessing your car anyway
If it is only a recession buy gold and silver. Buy ACTUAL , REAL gold and silver. You can buy it online everywhere, I’ve ordered 3 times and usually get it pretty quickly that way you have it in your hands. You can then trade or sell it, if need be.
BUT
If there is a civil war or societal collapse
Buy ammo and survival food. You can use them or trade them. people will need ammo( even if just for hunting) and food.
Both will be very valuable to barter with.
If the shit hits the fan.
In my opinion gold, silver and things like that will be useless. At least until we get back to civilized life
If you were starving would you want gold or silver?
Buy XRP with a side of the other iso2022 projects. Put it all on a cold wallet. Forget about it for 3 years…POW!!! You are rich.
Gold and silver is never a bad idea
Doing house upgrades…Im on the fence. Building materials are at an all time high, labor at an all time low. Im in the real estate industry watching people wait for months to get work done then get 1/2 finished waiting for other supplies to come in. It’s a shit show.
Any current loans (unless variable APR) will remain the same. If you are concerned about the devaluation of the dollar, use your money to purchase things that will go up in price: food, medical supplies, etc.
I mean, your loan won't increase any,let the bank hold the depreciating asset and buy silver
Agreed
This is very smart - I'm also converting dollars to hard assets right now - gold, silver (I esp, love silver), and property in promising locations that will hold and grow in value relative to the depreciated dollar losing value to inflation. So that also means bumping up mortgage payment amounts and spending on renovations to put the value in a hard asset. The renovations are the kind that add the most property value, which in my area means baths, kitchen, finish basement, roof deck. I think XRP is the only crypto I like after the court case finishes.
We just pulled that trigger and put up the one paid-off asset we had for a loan for land. Tired of this hell. Need our own shit. Got an RV w/that loan too. Takin off this weekend. Normally, I'd be way more scared of RV living for a few months. But not in clown world. Lol
I don’t think you should pay off your car
If there is a recession you might need the money to buy food. If it is more than a recession, no one will be repossessing your car anyway
If it is only a recession buy gold and silver. Buy ACTUAL , REAL gold and silver. You can buy it online everywhere, I’ve ordered 3 times and usually get it pretty quickly that way you have it in your hands. You can then trade or sell it, if need be.
BUT
If there is a civil war or societal collapse
Buy ammo and survival food. You can use them or trade them. people will need ammo( even if just for hunting) and food. Both will be very valuable to barter with.
If the shit hits the fan. In my opinion gold, silver and things like that will be useless. At least until we get back to civilized life If you were starving would you want gold or silver?
Not saying I’m right but that’s what I’m doing.
Buy XRP with a side of the other iso2022 projects. Put it all on a cold wallet. Forget about it for 3 years…POW!!! You are rich.
Gold and silver is never a bad idea
Doing house upgrades…Im on the fence. Building materials are at an all time high, labor at an all time low. Im in the real estate industry watching people wait for months to get work done then get 1/2 finished waiting for other supplies to come in. It’s a shit show.
Fuck that finance company. If everything crashes, would u really owe them? Will they still be around? Id save the $ for other things.