Financially Possible

Why You Need To Invest

If you pay attention to prices, then you probably witness inflation in action. A common reason I hear for not investing is lack of safety. Well, there’s also a lack of safety in not investing. Inflation functions like a thief in the night — eroding your buying power every single night. In my 12th YouTube video, I describe this concept, the rule of 72, and more.

If you park $10,000 in a bank and receive no interest on that money, then in 24 years that money will effectively buy what $5000 can buy today (assuming inflation holds steady at 3% during those years). Why is this? Arm yourself with knowledge of the rule of 72, so that you’re prepared to combat inflation during your lifetime.

Help spread the message. We all can benefit from financial learning and I always welcome referrals!