This is all done so that you can take control of your financial future. By putting your money into an investment vehicle, such as a 401K plan or high yield savings account, you may be able to outpace the growth of inflation.Ĭompound interest can further help this effort by simply reinvesting the money you’ve already earned on your investments, allowing you the ability to grow your money even faster. One way to potentially grow your wealth and combat inflation is through investing. Unfortunately, inflation decreases the value of your money over time. Movie tickets, along with the cost of other goods and services, tend to go up yearly because of something called inflation. If you go to the movies with your grandparents, they might tell you about a time when tickets were just 36 cents-and they’re right. Be Mindful of Common Investing Mistakes.Pick What Type of Investment for Beginners Is Right For You.
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