I recently had the opportunity to connect with some of the good people over at Club Thrifty, where the motto is, “Dream Big, Spend Less, Travel More”. They run a great website, full of interesting and informative content, so be sure to check it out! After our discussions, I’m excited […]
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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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