3d • General discussion
The key to having wealth.
The key to having wealth is to consistently purchase assets that appreciate overtime.
Most people store their wealth in dollars. Most people don’t realize that a dollar is a depreciating asset.
When we combine our wealth being held in dollars with inflation, this destroys our future buying power. Approximately every 10 to 15 years are buying power is cut in half.
That simply means that if you have $100,000 today and 10 or 15 years passes and you have that $100,000 sitting under your mattress, when you go to pull it out to buy something it will only buy the equivalent of $50,000 worth of stuff at that time.
This is one of the reasons that people can’t get ahead because they don’t understand how money works so they don’t understand what they need to do with it.
This is financing investing just Joey style and I highly suggest that you ask all the questions you can.
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The key to having wealth.
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