Entrepreneurย โขย 9m
Do you Know How Important inflation is? Let's test it. If you had to borrow $1,000 from a friend and they agreed not to charge interest, but inflation is 3% annually, are you actually paying them back the full value of what you borrowed after one year? Who will have profit and lose? Understanding inflation in simple language ๐ My Advice a Answer. No, you are not paying back the full value of what you borrowed. Inflation erodes the purchasing power of money. If inflation is 3% annually, the $1,000 you borrowed today will only have the purchasing power of $970 in one year. When you repay $1,000 without accounting for inflation, the friend effectively loses 3% of the value because the money they receive back can no longer buy the same amount of goods or services it could when they lent it to you.
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Mitra Robotย โขย 6m
Mutual Funds: A Closer Look at the Real Returns Many people say that mutual funds are a great investment, but have we truly calculated the real returns, considering all factors like inflation and taxes? Let me break it down with a simple example.
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SimpliFinย โขย 9m
You Will Have to Take Higher Risks to Generate Real Returns. Here's Whyโฆ When it comes to growing wealth, inflation and taxation are two silent killers that erode the value of your money faster than you realize. Hereโs what most investors overlook
See MoreHey I am on Medialย โขย 7m
Of course the value of money has changed but it's a great comparison. It does not show Congress taxed the rich btw. Nobody was paying 97.5% tax. They were just paying bribes to Congress to keep money black. That's how they destroyed our economy.
Hey, I'm on Medialย โขย 9m
Amazon shareholders have requested the Board to add Bitcoin to its treasury. What this means is that Bitcoin may become the new store of value instead of cash, which erodes in value due to inflation. Two reasons for this suggested change: 1. Amazon
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