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<p>[QUOTE=&quot;Vess1, post: 596965, member: 13650&quot;]Well, I don&#039;t have a kid yet so I don&#039;t know what lesson I&#039;d be trying to teach them if I did.&nbsp; I&#039;m sure the theory is that $$ are hard to come by so save them.</p><p><br /></p><p>&nbsp;I think I&#039;d rather have my kid buy what makes them happy while they have the luxury of living at home with no bills.&nbsp; As long as they understand that luxury.</p><p><br /></p><p>&nbsp; All I know is, with the Fed printing trillions of dollars per year with no end in sight, you can guarantee the buying power of that dollar in your pocket today is dropping faster than the raises you&#039;d be getting if you were employed.&nbsp;&nbsp; Saving dollars is a losing proposition.&nbsp; You have to put them somewhere.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; A lot of people during my grandparents time thought it was crucial to save cash after the depression.&nbsp; They didn&#039;t realize how much of a losing proposition it was. </p><p><br /></p><p>&nbsp; Here&#039;s an example.&nbsp;&nbsp; Both of my grandfathers passed away about 15 years ago.&nbsp; Despite the fact that both of them had modest incomes their whole lives, they surely saved $$ in a saving or what have you.&nbsp;&nbsp; Say either one of them had $1,000 sitting there from the 70s or 80s.&nbsp; They would have never purchased gold with it at $100 per ounce.&nbsp; $1000 was a lot of money!&nbsp; That would have been blasphemy to *WASTE* $1,000 on $100 an ounce gold back then!!!&nbsp; </p><p><br /></p><p>&nbsp; Instead, that $1,000 of *old* money was likely saved.&nbsp; Somebody inherited it.&nbsp; And it may have been spent on a car repair or a small tv in 2005.&nbsp;&nbsp; Then it was gone.&nbsp; When it could have been sunk into gold which could be worth 10 grand today.&nbsp;&nbsp; That&#039;s just a hypothetical example.&nbsp; Buying products now because they cost less than they will in the future doesn&#039;t always work in some cases.&nbsp;&nbsp; For example, electronics.&nbsp;&nbsp; 1,500 will buy a lot more tv now than it did only 5 years ago.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; But the point is, the dollar is losing buying power.&nbsp; Stashing away a $10 bill in a piggy bank as a kid is foolish.&nbsp;&nbsp; That could buy 4 gallons of gas today.&nbsp; But it might only buy 1 gallon of gas by the time you break it out of there.&nbsp;&nbsp; </p><p>&nbsp; A lot of people just don&#039;t get this concept, despite the fact that it&#039;s been slapping us all in the faces for years.[/QUOTE]</p><p><br /></p>

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