Don’t Try to Save Your Way Into Retirement

By Mikael

I don’t know whether it is human nature or whether it is because we’re conditioned by the media, the school system and the environments we’re living in but I find that there is a huge majority of people that believe that they are able to SAVE their way into a decent retirement. Having money in the bank is probably one of the least profitable ways to “invest” your money. The reason I put “invest” in quotes is that I actually believe that having money in the bank will end up being an expense for you while making the bank richer. The reason is that first of all you’re paid an insanely low yearly interest on your savings. Secondly your savings are being eaten up by the inflation and if that is not... Read more