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single18-Nov-2016dreamssteevierobO59 by votes20055.0%


What is the best way to save money, or create wealth?

7invest in property
3invest in stockmarket
2piggie bank
1term deposit
0online saver account

posted 18-Nov-2016 1:18pm  
Investing in property can be very effective, buying the right property at the right time, so that its value multiplies, and then buying another &c.
posted 18-Nov-2016 2:42pm  
Stash your cash. Real estate is not a good investment and another bubble crash is coming. In fact, a major bubble burst for the entire market is coming. For 5 years everything will be at rock bottom. Gold will drop down to $400 an ounce, the DOW at below 4000. Get out now, and when the crash comes then buy for the future. This is all historical fact based and is from proven cycles. The baby boomers are getting old/dying off. This is a big factor. Spending will plummet, everything will drop. And who knows what the future holds when Trump comes in. Just sayin'. Been doing my reading lately on economics. Get the book The Sale of a Lifetime by Harry S. Dent.
posted 18-Nov-2016 7:27pm  
Index funds
posted 18-Nov-2016 9:03pm  
Saving money and creating wealth are two very different things.
Enheduanna Survey Central Subscriber
posted 19-Nov-2016 9:26am  
Generally investing in the stock market is the best way to generate more money for yourself. Property can also work. If that's what you're asking. If you just want to save money, spending less and putting it in a savings account works fine.
posted 21-Nov-2016 10:53am  
You can't go wrong by owning dirt.
posted 21-Nov-2016 7:51pm  
Save some metals. Save a little every week, it adds up.
posted 26-Nov-2016 12:32am  
The stock market. Even with all the Wall Street crooks and good-ole boy hiring system stealing little bits here and there from you; in spite of that you would still come out ahead in the long run.
posted 1-Dec-2016 4:07pm  
Invest in property and I do not know who knows
Biggles Bronze Star Survey Creator This user is on the site NOW (17 seconds ago)
posted 4-Dec-2016 5:07pm  
I don't know. All my money is in my Websaver account. It used to have really good interest rates, but not for a while now. I should really move my money elsewhere, but I haven't had the time to really focus on sorting my finances out. They could do with a proper overhaul - shifting my utilities, investing more wisely, etc. - but it will just have to wait for now. I save money by not spending very much. I'm very frugal by nature and since starting work, I have been able to save a good amount each month until recently. Since August, I have been earning a lot less (no on-call work) and also have increased costs (exams, exam courses, revision aids - all disgustingly expensive. By the summer, I will have spent at least 6000 on post-graduate exams over a two year period).
LindaH Bronze Star Survey Creator
posted 9-Dec-2016 10:15pm  
Stop freakin buying crap you don't need, for starters.
posted 23-Dec-2016 12:19pm  
The old fashioned way... inherit it.
(reply to FordGuy) posted 27-Dec-2016 4:42am  
> You can't go wrong by owning dirt.

And lots of guns to protect that dirt.
(reply to Lysannus) posted 27-Dec-2016 8:45am  
Lets not forget the green and yellow thing to dig holes to hide the bodies...
(reply to FordGuy) posted 28-Dec-2016 4:39am  
Just feed them to the gators, wolves ... (poor hungry creatures need to eat too)
(reply to Lysannus) posted 28-Dec-2016 8:41am  
Yeah I suppose, it's good to keep them critters fed.

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