“Money today is worth more than money tomorrow”

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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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Anonymous 0 Comments

Over time, your money usually grows faster than the price of the products you buy with the money. So, your money may triple when prices only double.

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