Just let your wealth compound over time and you’ll be a millionaire, the advice goes. If this is true why aren’t more people rich?UNDERSTAND, SHARE & PUSH BACK
Just let your wealth compound over time and you’ll be a millionaire, the advice goes. If this is true why aren’t more people rich?UNDERSTAND, SHARE & PUSH BACK
I heard Gary Stevenson talk on this subject recently and his argument was that saving money has the opposite effect of borrowing money. If you try to save money you lose money in real terms due to the combined effects of low interest and high inflation. This has been the case since 2008 and became more acute following COVID.