Should I spend my cash, or save it?

[Jet Cash]

In this thread I want to talk about the purchase of everyday items, and improvements to one's lifestyle. I believe in Bitcoin, gold and silver for the preservation of wealth, and I'm also acquiring scrap copper to sell when an economic recovery eventually arrives. Id like to discuss the advantages or otherwise of purchasing new cars, houses or other lifestyle items.

Cars are an interesting topic, and I believe that it is netter to own an older car that one can service oneself in an emergency. I'm also buying some tools to convert a van into a mobile home, as I believe one will have a better lifestyle if one is outside the expanding conurbations. I'm not too keen on electric power for cars either. An older diesel that is capable of being powered by vegetable oil is a good backup in case there is an oil crisis.

I'm starting to switch to solar power for the electrical equipment in the van. Photovoltaic cells are improving all the time, and the costs are dropping, but I think it important to achieve some offgrid capabilities as soon as possible. I've also purchased a wood burner for cooking and heating.

I'm interested in purchasing a small woodland, but I'm not sure if prices will increase or fall over the next couple of years. My feeling is that the best option is to purchase Bitcoin now. My instinct is that it will increase in value far more than freehold woodland. As a UK resident, I have more of a problem than most when considering fiat savings. It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.

So what do you guys think is the best plan for the next couple of years?

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[carter34]

Nice post and thought. I think you are looking at gathering and conserving for the future, that's okey too.

Your post is making me see an optimist , that is believing bitcoin to have very high value to turn around people's life in the future, that's also okey.

It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.

I want to say that the last part of your post , talking about UK leaving European Union (Eu), even citizens of UK will benefit because standard of living will increase, improve and be better for you too and people there (because Gross Domestic Product,GDP will improve) not only people investing out.

I hope your new PM, Boris Johnson gets it around October after Theresa May didn't succeed early this year before her resignation.

But, my question is, why is UK wanting to pull out now from the Union they were strongly behind and built alongside strong Eu countries like Germany?

[Jet Cash]

Most people in the UK didn't want to join the European Union. They were led to believe that it was just a trading group and not a loss of sovereignty.

It's extremely complex though, because the City of London actually controls the EU, and this is why so many of the political elite are trying to block the exit. The City of London is now effectively a different country, and it is the base for the Anglophone empire that replaced to old British Empire.

[LUCKMCFLY]

You definitely have a very strategic plan, some people are investing their FIAT money in gold without thinking, it's a great option. I am also an expert appraiser, and the acquisition of real estate is a very intelligent movement, because as time passes it is very difficult to lose its value, on the contrary, its value increases.

Acquiring cars is also an excellent option and if you can buy from old models, you can also earn some money there, since you are in a developed country, try to find what we call Farms, where you can plant vegetables, fruits, have cattle, animals and get machines and equipment, this is not just for investment, it is also necessary that you can often take some fresh air taking advantage of nature, where I hope you have river sources where you can purify the waters and still have a property of that style as time goes by it will be valued much more.

Here is a photo of a Finca that I valued, which has approximately 18 Hectares, this is only the entrance, but the air is very fresh and pure:

[carter34]

You definitely have a very strategic plan, some people are investing their FIAT money in gold without thinking, it's a great option. I am also an expert appraiser, and the acquisition of real estate is a very intelligent movement, because as time passes it is very difficult to lose its value, on the contrary, its value increases.

Acquiring cars is also an excellent option and if you can buy from old models, you can also earn some money there, since you are in a developed country, try to find what we call Farms, where you can plant vegetables, fruits, have cattle, animals and get machines and equipment, this is not just for investment, it is also necessary that you can often take some fresh air taking advantage of nature, where I hope you have river sources where you can purify the waters and still have a property of that style as time goes by it will be valued much more.

Estate investment is also good to put money on. I prefer it more than lives stock because anything can happen to the animals you have but the land never loses value. It keeps appreciating as the day go.. Live stock and farming are good though, they save you money for feeding because you can almost have something to eat all the time  

[UserU]

You definitely have a very strategic plan, some people are investing their FIAT money in gold without thinking, it's a great option. I am also an expert appraiser, and the acquisition of real estate is a very intelligent movement, because as time passes it is very difficult to lose its value, on the contrary, its value increases.

Acquiring cars is also an excellent option and if you can buy from old models, you can also earn some money there, since you are in a developed country, try to find what we call Farms, where you can plant vegetables, fruits, have cattle, animals and get machines and equipment, this is not just for investment, it is also necessary that you can often take some fresh air taking advantage of nature, where I hope you have river sources where you can purify the waters and still have a property of that style as time goes by it will be valued much more.

Problem is, storing those cars might cost more if you want to collect them. And being old means they might have issues since spare parts are pretty much scarce or non-existent.

[_Miracle]

"Freehold" is a real estate term; is a "freehold woodland" undeveloped property?
What about clearing out your storage units ---> selling off everything, buying a well maintained little RV -adding solar panels and traveling?
Keep as much bitcoin and precious metals as you're comfortable holding.
or buy a property with a garage so that you have a place to build out your rv and home base to go back to.

 As for electric vehicles: I have been wanting a Zero cycle for years, it meets the weight requirement for my RV.

[Jet Cash]

I'm currently converting a high top van into a camper, and I want to use that to stay at vintage fairs, and exhibit old farm and horticultural machinery. I'm being a bit slow with the conversion. I'm using the van with a partial conversion, and it's great to wake up a few yards from the sea on a sunny morning.

[paxmao]

... It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.

I suggest that you put your money where you text is then. Sell your crypto and other investment and put everything in pounds and wait for brexit... an please, let us know  of your inmense gains afterwards  

... the land never loses value.

You don't happen to know anyone from Japan do you?

[boltz]

Buying some woodland would do better for your plans. As far as I know no one got in serious problems with money owning some land or a woodland which is even better but it all depends on what area of the world you're living on. If you're in Europe , investing into land and agriculture will bring you nice incomes especially if you have some farmers who can cultivate and maintain it along the year. I have some land in Transylvania and I never touched it in all this years and I don't even think to do this for the next years and since I was a kid it was an area when it was full of young threes now after more than 30 years it became a forest. What do we learn from this ? Time,patience and discipline brings you wealth.

[adroitful_one]

Simply put, cars, boats, and other lifestyle items are not an investment but rather a cash sink. The purchasing a house thing is a decent idea though. It seems like you're prepping for a collapse of some sort. A little bit of property would do you wonders for this. It will give you a place to store everything you're collecting and also the ability to practice using all of your collection. A tool won't do much good unless you know how to use it. I myself could be rich to the core and probably wouldn't ever own a brand new car. It's just not worth it for me. That thing decreases in value as soon as you drive it off the lot. I prefer to get on Facebook or something and find a good deal on a vehicle that just needs an alternator or something installed in it that people don't want to mess with. It may cost them upwards of $500 or so to get it done at a mechanic, but if you know how to loosen a couple of bolts, you can do it yourself for like $100. I tend to do this with everything. Even the video game consoles I have.

[Razick]

You should either save your cash, or invested in Bitcoin and all coins. if you spend your cash it will be gone unless you need it for some extremely important thing.

[ShooterXD]

Save part of your money and spend The other.
I had invested part of my money buying some terrains in The City and i want construct on them, since im recently finished my bachelor in Civil engineer.

[Daniel91]

Everyone can talk exclusively only about themselves and their experience.
Each of us has a different personal situation, so what is good for me is not for others.
I always prefer to have money for both spending and saving.
The situation can always change, such as illness or loss of work, so it is always good to have a cash reserve.
Right now I just hold my btc funds in the wallet and spending only fiat money.

[pecson134]

In this thread I want to talk about the purchase of everyday items, and improvements to one's lifestyle. I believe in Bitcoin, gold and silver for the preservation of wealth, and I'm also acquiring scrap copper to sell when an economic recovery eventually arrives. Id like to discuss the advantages or otherwise of purchasing new cars, houses or other lifestyle items.

Cars are an interesting topic, and I believe that it is netter to own an older car that one can service oneself in an emergency. I'm also buying some tools to convert a van into a mobile home, as I believe one will have a better lifestyle if one is outside the expanding conurbations. I'm not too keen on electric power for cars either. An older diesel that is capable of being powered by vegetable oil is a good backup in case there is an oil crisis.

I'm starting to switch to solar power for the electrical equipment in the van. Photovoltaic cells are improving all the time, and the costs are dropping, but I think it important to achieve some offgrid capabilities as soon as possible. I've also purchased a wood burner for cooking and heating.

I'm interested in purchasing a small woodland, but I'm not sure if prices will increase or fall over the next couple of years. My feeling is that the best option is to purchase Bitcoin now. My instinct is that it will increase in value far more than freehold woodland. As a UK resident, I have more of a problem than most when considering fiat savings. It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.

So what do you guys think is the best plan for the next couple of years?

In my opinion with regards to cars I will remind you that car price devalues over time and probably not a good idea to spend money unless you have a lot in your savings and don't have any more important things to buy( I prefer buying more lots than cars since the prices can go up drastically as more time passes). Maybe you could start focusing first on your house first since it is one of the basic needs and a great investment in the future and if you want to sell that house and migrate to other place the value would probably be higher than before.

 

[yazher]

Every country has a different lifestyle, like for example here in our country the best investment is to buy land. The city where I'm living is being constructed to become a modern city like any other city in the world. so the right investment is to buy land before it becomes expensive when the city became organized.

In your case, you should save your money until you find something right to invest your money with. you need to consult some people who are experts in this kind of stuff. I mean some people in your country cause they are the ones who truly knows how your economy works.

[palle11]

Every country has a different lifestyle, like for example here in our country the best investment is to buy land. The city where I'm living is being constructed to become a modern city like any other city in the world. so the right investment is to buy land before it becomes expensive when the city became organized.

I think land is a very good project to go into. Buying land is good investment in many places. Some countries don't have much left and that is the reason they make use of the one they have by building skyscrapers and tall buildings that will accommodate people. Land always appreciate in the value that it was bought so a resell means gain to the investment.

[ololajulo]

Most people in the UK didn't want to join the European Union. They were led to believe that it was just a trading group and not a loss of sovereignty.

It's extremely complex though, because the City of London actually controls the EU, and this is why so many of the political elite are trying to block the exit. The City of London is now effectively a different country, and it is the base for the Anglophone empire that replaced to old British Empire.

The disparity in the brexit is not that wide although it was close with the vote at the referendum but I know brexit must have lost most people who believed in it, even David Cameron felt he didnt give enough awareness of the implication of brexit, now the politician has turn it into drama. Sadly some countries are benefiting more than the UK and getting more powerful. London's review is not good enough cause it owns more of the 1% high income earners, they can afford anything even after brexit with convenience.

[riyadmozu19]

I like your thought if you want to save your cash that doesn't mean that you have store your cash in your home just use it to make more money. You can invest in bitcoin or you can do crypto trade to keep busy your money.

[Laskoo]

Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.

In my case (an average men living a simple life, not too rich, not too poor)

I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.

Buying a house have a lot of advantages: the prices will remain almost the same or will increase over time, you don't pay the rent anumore, if is bigger you can rent 1 or 2 rooms and get some money back, you don't need to worry that the owner will come to you ans say to need to leave because he is selling to house where you pay the rent, etc...

P.S. You gave me a good idea with the copper scrap Thanks!