Quote Originally Posted by helpmikey View Post
Inflation is the increase of goods in a certain percent, Sa philippines its around 6 to 7 % per annum.
that means you loose around 7% of the purchasing power of the Fiat currency or paper money in your bank.
so if you hold ur money on the bank for a long time ... and bank give u 2% per annum. the actual value of your asset
is still decreasing. your worth increase 2% but the it loose 6% of its value then 4% deficit to beat inflation.
but there are different ways on how to preserve your value and beat inflation.
but don't loose hope there are different proven by history on how to preserve your net worth and even beat inflation and protect your asset and family from the decreasing value of fiat currency(paper money). ...
wow @helpmikey seems like an economist viewpoint. Nice sharing bro.