We all want and need money to function, money is needed to pay for just above everything. We need money to pay our bills, money is needed to buy food & clothing, money is needed for investments.
Needless to say when ever you want or need anything there is a pretty good chance that you will need some cash. The funny thing is we don't understand TIME VALUE OF MONEY!
Let me explain, if we have $1000.00 TODAY we could take that money and go out and purchase (100) basketballs @ $10.00 a piece= $1000.00
Now let's fast forward five years from now. The price of basketballs are now $15 each. We take our same $1000.00 it cannot purchase (100) basketballs. We can only buy approx. (67) balls, why is that? Its still $1000.00
Inflation has an affect on everything and the value of a dollar today is not the same a the value on a dollar tomorrow or next week or next year. This is important because a lot of people don't understand this simple concept and it's detrimental to your future.
If your money isn't growing to keep up with or ahead of inflation then you are losing out because of the time value of money. You can't control it but you can make wise decisions & investments. Just a little food for thought.
"Make Your Own Magic!"


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