Parents advised land or gold for savings, how should I balance this with modern options?
Hi everyone, I’m in my 40s and have only recently started being more intentional about handling my money.
Growing up, we were always told that the safest way to keep money was through land or gold jewelry because they’re tangible, something you can see and hold. Cash or paper-based investments were often viewed as less secure.
Fast forward to now:
I have a six-month emergency reserve in a digital bank
No property yet
No gold
Some exposure to index funds
Land is very expensive in my area, and I know it would take up most of my available capital. Gold jewelry feels more like a personal purchase than a serious store of value because of the high markups.
I’m curious, for those who grew up with the same mindset, how did you balance traditional assets like land and gold with more modern options like high-yield savings or broad market funds?
Did you focus on building liquidity first before getting property?
Do you include gold in your holdings now (e.g., bars or gold-backed funds instead of jewelry)?
At what point did buying land start making sense for you financially?
I’d love to hear personal experiences and what has actually worked for people in their 30s–40s. I’m simply looking to learn and understand different approaches.