We're coming to the end of the COIVD crises! We're coming into an inflection point. A financial crisis is looming.
The markets are so imbalanced with the real economy... the real estate market, the stock market... it's totally insane!
We had a contraction in GDP, yet the stock market and the real estate market soared during the pandemic. As businesses are actually having fewer sales and fewer profits... fewer renters ...but prices soared 14% on real estate. Crazy stuff!
We have these multiple bubbles everywhere, and the biggest of all - the debt bubble- when they pop, people will seek safe-havens.
Well, if you want to profit from what is happening and if you want the system to have less control over you, go buy the physical metal.
Me, I will just save!
If you want to get ahead and be happy, you can do three things: You can save, you can invest consistently, and avoid lifestyle escalation. This alone will not make you happy, but it will surely expand your wealth and reduce your financial stress.
Investing consistency does not mean buying gold and silver because somebody here or on YouTube told you that it is going to the moon tomorrow. Silver and gold are a lot more like savings.
Living below your means.
For me personally, the hardest thing to do is to live below my means.
Your expectation rise as you make more money. You make more, you want more. There is such as thing as "hedonic adaptation". It basically states that you have a baseline of happiness and as you get more money and things, the quick spike of happiness wears off. It applies to the purchases you make, like the watch you purchase or the car you bought... the excitement wears off, and you want something new again!
Save, invest, and live below your means. These three things work together. If you don't live below your means, you can't save and you can't invest.And if you want to get ahead and feel comfortable in retirement, you need to do those things.
Gold and silver are a great way to save.
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