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re: For folks that are old enough to remember the high inflation of 70s-80s
Posted on 6/20/22 at 6:04 am to Mingo Was His NameO
Posted on 6/20/22 at 6:04 am to Mingo Was His NameO
quote:well the geniuses quadrupled US dollars since the ‘08 crash. Banks don’t need your money to lend like they used to
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
Posted on 6/20/22 at 6:35 am to DTRooster
I don’t know what to expect. I make very good money for a non OT baller but the unknown has me nervous. I’m about to cut the wife off and do a thorough review of our monthly expenses to see where we can cut back. I’m on a 20 year plan to retire and put away roughly 60-75k per year. The last thing I want to do is cut into that and have to extend work.
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