Financial Planning

Consumers face a bizarre dilemma–wait for money to become more valuable? Or risk it becoming worthless?

3 Comments. Leave new

  • I loved the sleeping bag comment…that was exactly the solution I arrived at; five -20 degree-rated sleeping bags.

    Don't be an economic refugee with out them.

  • I'm in the "wait…" category. I leave my money in the bank and live my life the same as I did a year or 5 years ago.

    See, some of us knew this was eventually going to happen, so they've already gone through all the stages of anxiety over it…Denial, acknowledgment, fear, anger, panic, infidelity, hording, binging, understanding, acceptance and then finally peace.

    It's all about recognizing that material wealth is fleeting and random, then you begin to lack attachments to material possessions, and it leads to a healthier life.

  • For expats in second-world countries earning weakened currencies it actually is a pretty big deal, mate. My wages and savings have decreased in value nearly 50% over the last year and a half, and I can't exactly pack up as soon as it goes back up, nor is it realistic to wait for it the rest of my life.

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