Save Your Savings From Low Bank Interest And Inflation

I had a bad dream last night.

I woke up suddenly after dreaming there were these two hungry beasts.

The first of these beasts was crafty. It would sneak up on me almost unnoticed. I wouldn’t realise anything was happening until it was too late.

The second beast was stealthy and not quite as fearsome as the first but it would pay me a visit more regularly.

These were not the kinds of monsters you find in fairy tales. It was impossible to touch them and they could do no physical harm.

They certainly weren’t ghosts.

What both these invisible beasts did have was a big appetite.

The thing they liked to feed on was my money.

In the dream, they were both there, draining my savings account and my pension. 

The names of these beasts? Inflation and low bank interest.

If your savings are earning interest at less than 1% due to low bank interest and you are losing more than you actually gain each month as a result of rising inflation, then you too will be a victim of these monsters, you also have to make sure the bank you use has Login Instructions for Online Banking so that you are able to check your accounts from home.

Fortunately, there is a way to banish these beasts forever.

Invest in assets that hold real intrinsic value.

Property is one of those assets. You can see it, touch it and it has a purpose and in the long term it can shelter you from the worst monetary nightmares you may find yourself in.

Have you ever found yourself in a savings or pensions nightmare? If so please leave your comments below, we would love to hear them.

Kind regards

Loxley McKenzie
Managing Director

 

 

 

Join The Conversation - Be The First To Comment

Categories: First Time Investor / Property Invest

Like What You Read? Stay In Touch

Follow Colordarcy on Twitter or Facebook