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?
In: 64
lot of people have this backwards.
This is referring to money. not investments (which break this saying)
inflation means cash is continously losing value, prices rise, but that $20 bill doesnt change. So you can buy more with $20 right now than you’ll be able to buy with it later.
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