One. Million. Dollars. It’s the holy grail of saving. At some point, we’ve all imagined obtaining the title of “Millionaire”. But what does it take to save $1,000,000? Is it actually an attainable goal for a normal person or is it just a fun fantasy to play out in our […]
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Pancakes Cost More Than You Think
Picture this. It’s a beautiful Saturday morning and your schedule is totally free. As a result, you’ve made plans to do exactly what any of us in a similar situation would do, eat pancakes! You travel to the finest breakfast establishment in your area, order a full stack of pancakes, […]
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Why Saving Money In The Bank Will Leave You Broke (Part 2)
In Part 1, we discussed the role inflation plays in the deterioration of wealth over time. As we demonstrated, when money is not growing at a faster rate than that of inflation, its purchasing power will be continually diminished. Because bank accounts yield growth rates much lower than inflation, leaving […]
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Why Saving Money In The Bank Will Leave You Broke (Part 1)
In 1923, Germany began printing and circulating two-trillion mark banknotes. That’s a “2”, followed by 12 zeros (i.e. 2,000,000,000,000) on each individual banknote! What would cause a country to print such a large denomination of their currency? The answer is, Inflation. Inflation is a sustained rise in the general price […]
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The Simple Formula I’m Using To Retire In My 30’s
Wake up, go to work, spend a few hours with family, go to bed, rinse and repeat. Some form of this routine probably describes the typical day for most of us. Throughout our lives, we’re conditioned to believe that we should follow this monotonous series of actions for 30-40 years […]
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