4. Beat inflation
If you simply keep your money or salary in your bank account,it can slowly start to lose value as inflation increases and eats away at your purchasing power.While the inflation rate reported is quite low currently,education expenses and health expenses are skyrocketing at a really fast rate. Your bank could even provide you with 0% returns or even negative returns someday in the future when the inflation rate is taken into consideration.To ensure you don’t become a helpless person in such cases,it makes sense to invest in a multitude of assetsthat will help you beat inflation.
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Lifestyle inflation is an insidious killer of your financial wellbeing and eventual financial independence.
What it is: allowing your expenses to grow along with increases in your income.
How preventing it helps:
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