Let's say whatever you make, you are able to save $10,000 cash per year which would be a lot for most people.
If we look at housing prices since 2019, some areas have gone up 50% due to the cost of materials and labor.
So that $200,000 brand new home now costs $300,000. This put these people 10yrs behind in savings for higher than the official number they give.
Whatever the number you use, 5% inflation or 10% inflation, doesn't reflect the true cost of inflation to some people.
Some Investments That Can Protect Against Inflation
1. Treasury Inflation-Protected Securities (TIPS)
2. Real Estate
3. Stocks
4. Commodities
Each investment has its own risks.
Some investments offer better cash flow than others.
EVERYONE WILL LAUGH AT YOU WHEN YOU BUY JUST AFTER A MARKET CRASH! Lol.
If we look at housing prices since 2019, some areas have gone up 50% due to the cost of materials and labor.
So that $200,000 brand new home now costs $300,000. This put these people 10yrs behind in savings for higher than the official number they give.
Whatever the number you use, 5% inflation or 10% inflation, doesn't reflect the true cost of inflation to some people.
Some Investments That Can Protect Against Inflation
1. Treasury Inflation-Protected Securities (TIPS)
2. Real Estate
3. Stocks
4. Commodities
Each investment has its own risks.
Some investments offer better cash flow than others.
EVERYONE WILL LAUGH AT YOU WHEN YOU BUY JUST AFTER A MARKET CRASH! Lol.
Degrees: BA Computer Science, BS Business Administration with a concentration in CIS, AS Natural Science & Math, TESU. 4.0 GPA 2022.
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Course Experience: CLEP, Instantcert, Sophia.org, Study.com, Straighterline.com, Onlinedegree.org, Saylor.org, Csmlearn.com, and TEL Learning.
Certifications: W3Schools PHP, Google IT Support, Google Digital Marketing, Google Project Management