Author Topic: How to inflation proof your emergency fund?  (Read 2835 times)

Offline Dark

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Re: How to inflation proof your emergency fund?
« Reply #30 on: November 10, 2015, 02:31:52 AM »
Interesting thread. Just wondering its not a true savings thing but was wondering if anyone does what I do. Back story. I'm 33 no kids,wife ect. I had a 180k mortgage at 18 (jumped the gun in high-school ). I have about 30k cash but no investment anywhere. House is down to 85k ish.  I pay all my bills with my credit card then pay it off every month.  Then by the end of year I can get back up to 3500 which I pit towards the house along with my income tax . Plus I get points along with it which I get some pretty cool stuff. I'm not worries about leaving a big inheritance since there's 4 life insurances alrdy on me (2 from work,1 from house ,another kinda like aflak that has a death benefit )  and no other debt at all . would you keep pushing to get mortgage paid off or start an investment.  I plan on having the house paid off by 40 if not sooner. Well unless the housing market goes crazy and I sell the house. During the prime my style of house in neighborhood was going 310-330

Offline zack1234

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Re: How to inflation proof your emergency fund?
« Reply #31 on: November 10, 2015, 02:50:38 AM »
But you wear boots with Cuban heels :old:

The dress fits you well though :old:

China is not starving at present so paper money is not a problem at the moment

Good bout of high inflation will make paying debts off a breeze :rofl

Eating beans is not affected by inflation
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Offline Rolex

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Re: How to inflation proof your emergency fund?
« Reply #32 on: November 10, 2015, 06:19:57 AM »
Yep, Zack is right about the 9 people vs. 3 people. But, the purpose of Japanese corporations is to create jobs by making products or services that contribute to society, not to maximize short-term profits for shareholder dividends. Instead of 8 figure top salaries, they hire more people, improve equipment, invest in research, etc.

Those nine people have jobs, houses, cars, holidays, six-figure savings and tax-free pensions. In Blighty, the 6 without jobs are breaking into houses, stealing cars, on holiday in jail or on the dole with no savings, supported by the three with jobs.

Oh, and also... this is your view:



This is my view:



(And that's a fact!) :) :)  :banana:

Offline zack1234

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Re: How to inflation proof your emergency fund?
« Reply #33 on: November 10, 2015, 07:46:16 AM »
The above was written by Walt Disney :old:

Contributing to society :rofl :rofl

You actually believe that Kak

Japan and German society is awesome, is it?

They cannot win wars and behave like savages when they don't get their own way

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Offline zack1234

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Re: How to inflation proof your emergency fund?
« Reply #35 on: November 10, 2015, 12:48:51 PM »
Yes the Swiss are to blame
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Offline CptTrips

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Re: How to inflation proof your emergency fund?
« Reply #36 on: November 10, 2015, 03:43:59 PM »

Sadly, salaries for most people are not 2x what they were in 2000.

We've been cheated (but most people don't know it yet).  ;)

We have credit to make up the difference. ;)
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Offline CptTrips

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Re: How to inflation proof your emergency fund?
« Reply #37 on: November 10, 2015, 03:48:42 PM »
I hate to sound like a nut, but in addition to your traditional emergency fund, I'd think about keeping 1-5k in actual cash somewhere safe you can get to without a bank's or government's permission. 

It was awe inspiring to watch how easily the government could regulate how much of peoples own cash they were "allowed" to get to thru ATM's and Banks in the recent Greek trouble.

Wab
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Offline NatCigg

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Re: How to inflation proof your emergency fund?
« Reply #38 on: November 10, 2015, 03:56:03 PM »
getting cash from the bank can be difficult in the best of times.  i could see it being impossible to gather 200k in the middle of paranoia.  :old:

Offline pipz

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Re: How to inflation proof your emergency fund?
« Reply #39 on: November 10, 2015, 04:31:30 PM »
antiparticle

Isnt that what they use as fuel in that Star Trek TV show?  :headscratch:
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Offline Aspen

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Re: How to inflation proof your emergency fund?
« Reply #40 on: November 10, 2015, 04:41:28 PM »
Interesting thread. Just wondering its not a true savings thing but was wondering if anyone does what I do. Back story. I'm 33 no kids,wife ect. I had a 180k mortgage at 18 (jumped the gun in high-school ). I have about 30k cash but no investment anywhere. House is down to 85k ish.  I pay all my bills with my credit card then pay it off every month.  Then by the end of year I can get back up to 3500 which I pit towards the house along with my income tax . Plus I get points along with it which I get some pretty cool stuff. I'm not worries about leaving a big inheritance since there's 4 life insurances alrdy on me (2 from work,1 from house ,another kinda like aflak that has a death benefit )  and no other debt at all . would you keep pushing to get mortgage paid off or start an investment.  I plan on having the house paid off by 40 if not sooner. Well unless the housing market goes crazy and I sell the house. During the prime my style of house in neighborhood was going 310-330

Just get married and have a couple kids.  It completely solved my uncertainty about what to do with extra income  :grin:
« Last Edit: November 10, 2015, 04:43:38 PM by Aspen »
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Offline DaveBB

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Re: How to inflation proof your emergency fund?
« Reply #41 on: November 10, 2015, 04:45:01 PM »
Emergency here refers to my truck breaking down and having to buy a new one, or the chemical plant at which I work going out of business.  Emergency, not catastrophe.
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Offline Brooke

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Re: How to inflation proof your emergency fund?
« Reply #42 on: November 10, 2015, 05:53:20 PM »
But you wear boots with Cuban heels :old:

I do not!  (Except for special occasions.)

Quote
The dress fits you well though :old:

Many thanks.

Quote
Good bout of high inflation will make paying debts off a breeze :rofl

And that is why it is so enticing to the world's beloved bureaucrat class.

Quote
Eating beans is not affected by inflation

Eating beans can cause its own sort of inflation.

Offline Brooke

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Re: How to inflation proof your emergency fund?
« Reply #43 on: November 10, 2015, 05:55:50 PM »
I hate to sound like a nut, but in addition to your traditional emergency fund, I'd think about keeping 1-5k in actual cash somewhere safe you can get to without a bank's or government's permission.

I don't mind sounding like a nut.  I suggest the same thing.

Offline Zoney

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Re: How to inflation proof your emergency fund?
« Reply #44 on: November 10, 2015, 05:59:37 PM »
Isnt that what they use as fuel in that Star Trek TV show?  :headscratch:


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