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 prices are going to increase, they’re going to increase whether you invest or not. This is, in fact, the main reason someone would say something like “Money today is worth more than money tomorrow.” In the situation you described, would you rather have $1,000 to invest now or $1,000 in the future when prices have increased?
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