In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.
Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.
Yeah, almost the same. But if I have money I will still invest in real estate, it's an investment that never spoil and here in our place you could just let people rent it out and help you pay less for your monthly mortgage.
Don't look for a quick rich investment in cryptocurrencies, most of the time it ends in doom. Just buy Bitcoin and store it for a year or two. If an opportunity arrives then sell it if you like too but do not expect too much in a rush and the same goes with any other investments.
You have a job, keep it, make money, don't spoil your kids, and buy what is only necessary. I know the lifestyle of the people today and they easily get jealous in just a Facebook post from a friend who went to fine dining place. Cook at your home, it's safer and cheaper.