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Understanding Inflation

Inflation: Here we see how inflation affects our ability to buy a $6 hammer with $10. By investing our $10 we maintain our purchasing power over time despite the effects of inflation.After looking at the anatomy of our personal finances, I think that it would be worthwhile to go over how inflation affects our plans to escape from the 9 to 5 grind. Inflation is almost always an enemy when it comes to our long term financial goals. If you don't fully understand how inflation affects you, you won't be able to create a good plan of action for your escape. So let's get started.  ... read more of this story»

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