This is inflation. It is a fact that we cannot escape. That is why, we need to SAVE money, WISELY. The current inflation rate is now at 2.1% as of last quarter. If the interest in your savings account is way below that (or even slightly above) then you are definitely losing money. So be wise. SAVE your money in LONG TERM investments that would give you returns anywhere from 4 - 10% and even more. And when we say LONG TERM, we are looking at 5, 10 or 20 years of DISCIPLINED SAVINGS.
Posted on: Mon, 16 Sep 2013 11:23:47 +0000
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