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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The saying isn’t so much about making more money. It’s about making sure your savings have the same buying power 20 years from now. Basically it’s better to invest your savings than just stuff that money under a mattress. Two dollars buys a loaf of bread today. In 20 years that same two dollars will probably only buy two slices. Say $50,000 is worth a plot of land today. But sit on that $50,000 for 20 years, and it won’t be worth half an acre. ($50,000 being an arbitrary number for the sake of discussion. Please I don’t wanna talk about real estate prices)
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