This video will give you the tools you need to fight the biggest adversary to your financial freedom. A foe that only your grandma truly understands and it calls itself inflation.
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”-Sam Ewing
You've probably had a grandma or a granddad that talked about
how many things they could buy with so few money. So like five
dollars could get to the picture theatre, contribute halfway towards a house and
you can still buy a diamond ring for your girlfriend. It was that
sort of thing. So we're realising how much our money can buy is decreasing.
How many people here have the majority of their money in the bank would you say? Just raise
your hands. Okay cool. So the people in the room there's
something called inflation and we hear about it we talk about it at school, but,
what are the implications for us? So you've got the money in the bank, what's the return do you think?
2%, 3%, small, tiny? So what we talk about in finance is the real return what
are you actually getting?