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Everyone With Half Of A Brain Should Be Using This As A Form of Savings
After considering inflation, a traditional bank savings account or CD is a surefire way to lose purchasing power. Save your money in this alternative savings mechanism to get ahead of everyone else.
Kermit Warren was a responsible American who diligently saved $100 a week for nearly 25 years. He took his $28,000 in life savings and traveled from New Orleans to Ohio to purchase a used tow truck to start a towing and salvage business. After seeing the truck in Ohio, the deal didn’t make sense and Warren placed the cash in a paper bag in his carry-on. Even though he knew it wasn’t illegal to travel with large sums of cash within the US, he informed the TSA agent he was traveling with a large sum of money.
At the boarding gate, Warren and his son were approached by plain-clothes DEA agents who showed them their badges. They didn’t charge Warren with any crime. However, they did seize his life savings and allowed him to go home. After returning to New Orleans broke, Warren spent the following year fighting to get his money back. Luckily, he found free legal counsel to represent him and got his money back.
