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RE: [Inflation vs. Investment] If you're not earning, you're losing. And even if you think you're earning, you might actually be losing value overall.

in LeoFinance4 years ago

I really wish my Mom would understand this. She's almost completely in cash (checking account earning 0%) and I've brought it up numerous times - parents can be stubborn sometimes :/

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Same here, people just keep their stashes and see them disappear with time, thinking there's only spenditure to think about, but they're getting taxed by two countries: their own government through taxes, and the US government through printing. And they just hold, never invest one penny into anything. I'll keep trying to fix that. Maybe one day we'll all be prosperous. :)