I often talk about the dangers of inflation. Most central banks are okay with a “little” inflation, around three to four percent inflation. I personally am not okay with any inflation. Do you realize what inflation would do to your savings? Let’s say that you saved and invested your entire working career. Let’s say after completing this program you have accumulated 1,000,000 dollars. That may seem like a lot of money but let’s see what inflation does to the purchasing power of your one million dollars 10 years into your retirement. If inflation were 4 percent a year for 10 years, then your 1,000,000 dollars is now worth 600,000 dollars. YOU LOST 400,000 dollars simply because of inflation.
Who does inflation help? It does help people and governments with debt.
Who does inflation hurt? Inflation hurts people with savings accounts!
Check it out: Robert Kiyosaki new rules of money for more information on inflation and how to protect yourself from it!
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