I get that the value of money depreciates over time hence why they tell you that the best time to invest is now. But i don’t get how exactly investing now helps you in the future if the cost of living increases with time too anyway. So like let’s say you invested $1000 today and then in the future that’s equivalent to $4250, but then the price of things have also increased so how much richer are you really if you have to spend a lot more in the future anyway?
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If you know a product’s price will increase faster than an alternative method of investment, the it would indeed be preferable to purchase that product now rather than later. In fact, doing this is just another method of investment. The idea is that it’s better to be investing in something rather than letting the money sit there doing nothing.
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