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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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What is investing?
Investing is not a ‘one size fits all’ game. It can mean different things to different individuals. For some people, it can mean securing future benefits such as their health or skills, while for others it may be a means for generating income from profits. It gen...
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1.Higher returns of investment
Once you’ve come to know the importance of investment decisions, you’ll understand the variety of investment options available. Investing funds within an asset include a trade-off as the investor goes through the maturity period in the present to gain somethin...
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I like to motivate and give advice to others. I want that everyone should be successful in their career with their skills and passion...
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Other curated ideas on this topic:
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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