This is the truth that schools will never tell you.
Banks give you 0.5% interest, while real inflation is eroding your purchasing power at a rate of 5%.
This means that if you keep your money in the bank, you are getting poorer every day.
This is not just a bad investment; it is legal theft.
The poor hoard cash. The rich hoard assets.
Don't let your money sit idle. Convert it into assets that can withstand inflation.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
People who save money are the biggest losers.
This is the truth that schools will never tell you.
Banks give you 0.5% interest, while real inflation is eroding your purchasing power at a rate of 5%.
This means that if you keep your money in the bank, you are getting poorer every day.
This is not just a bad investment; it is legal theft.
The poor hoard cash. The rich hoard assets.
Don't let your money sit idle. Convert it into assets that can withstand inflation.