let me ask you a question how much
interest would you earn if you deposit
your savings in a bank
at first glance it seems like at least a
few percent for it to make any sense
right however if you look at the numbers
that's far from that
the top banks such as the citibank for
example over literally
less than 0.5 percent there are banks
that offer a higher rate
but they're still less than one percent
especially since interest rates are at
the bottom now
think about it your money grows by 0.5
while inflation is
2.5 the intrinsic value of your wealth
is literally decreasing every single
year
you're far better off spending that
money today than keeping it in the bank
the purchasing power of your money in a
few years is going to be far less than
it's now
and when inflation is skyrocketing as it
is now for example
asset prices such as homes stocks rise
exponentially
as we have seen happening in the last
year or so a bank is a place to park
your money
and not to make money