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Why Are We Told To Save Money By The Financial Advisers?

By Ingebjorg Huus

I just decided to write a post on my financial situation – because I can certainly claim to be an expert in creating disasters in my private economy. For many years I tried hard to ignore the fact that my financial situation was in a state where others would panic.

My, not so well planned, strategy to ignore my suffering private economy was not really a god one, the consequences where hard, a long term rice diet was one of them and another one was severe stomach… well, I think Ill leave that for now. The situation forced me to review my strategy. In my new plan I wanted to implement talking to experts on the topic.

So where did I go for some good advice ? I thought the banks would be the obvious place to go, of course. I was the expert on how to suck resources out of my account, so now I needed my financial adviser to help me grow it and make it into a beautiful…well at least balance it.

I manage to get an appointment in my bank, with my adviser. It was something I looked forward to, but then he started to ask all this questions… it was not what I had hoped for, because I came for solutions, not being reminded of my disaster. I finally realised that the meeting was not going in the direction I hoped for, only to find myself becoming more depressed. The bank adviser was trying to give me what he could offer, but it was not really what I needed at that time, I wanted ideas on how to change my situation.

When we ended the meeting, he just wanted to give me this last advice: save some money every month, he sad, and added; it don’t have to be a lot.

This advise I just heard again in the national TV the other day: “save your money.”

I might be stupid when it comes to money, but when I hear this advice I am amazed. Why save something that constantly are loosing its value? Money has always lost value and will always continue to do so. Please explain this to me, if you have an answer to this question. Write to me on my blog or something, it will make me happy!

I claim to know that money will loose value always, it is not worth saving.

Imagine, I have 10 000 dollar in the bank, and decide to save them for 10 years. What will happen? After 10 years I probably have 7000 dollar or less. Do you think that the money we have today, will regain or increase the value it had 10 years ago?

Long time ago, when I was a child, I remember the value of 100 Norwegian krone. We could buy a lot from that amount of money. I would probably not believe it if someone told me 100 kroner was going to get the same value back as in the old days, but lets say it did. Then it make sense to save them until they start loosing value again.

If my financial adviser reads this, I am sure he will come up with some great answers here, but in the mean time I have investigated some more on the subject and got some good contacts on my way.

Here is some advise I got from Kip Herriage, who retired from work before he became 40 simply because I know how money works.His advice make sense to me, what about you?

Here is a couple I thought I would share with you:

“Those that hold gold and silver….those that hold growth stocks with bright futures….those that make smart financial decisions…and those that learn to think on their own, will be the new wealthy in the years to come.”

Then also:” Gold and silver are well on their way to being viewed as the only true currencies on the planet.”

Another great financial adviser of mine made a video about this topic, you will find it on my blog post “Why Are We Told To Save Money?

Meet ongebjorgs new fonancial adviser by lookong at his movie it is at the end of the article on her site. Then go and get a glimpse on the strategy ongebjorg is teachong her group to use, to build their busonesses onlone

Article kindly provided by UberArticles.com

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Article Citation
MLA Style Citation:
Huus, Ingebjorg "Why Are We Told To Save Money By The Financial Advisers?." Why Are We Told To Save Money By The Financial Advisers?. 12 Jul. 2010. uberarticles.com. 21 Jul 2014 <http://uberarticles.com/real-estate/why-are-we-told-to-save-money-by-the-financial-advisers/>.

APA Style Citation:
Huus, I (2010, July 12). Why Are We Told To Save Money By The Financial Advisers?. Retrieved July 21, 2014, from http://uberarticles.com/real-estate/why-are-we-told-to-save-money-by-the-financial-advisers/

Chicago Style Citation:
Huus, Ingebjorg "Why Are We Told To Save Money By The Financial Advisers?" uberarticles.com. http://uberarticles.com/real-estate/why-are-we-told-to-save-money-by-the-financial-advisers/


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