In simple terms, inflation is when the prices of goods and services rise and the purchasing power of money falls.
For example, in the video above, you can see how dollar inflation is happening with the example of a double cheeseburger from Mac ?
In the last 14 years, the price of a burger at McDonald’s has gone up 459%!
And any person who is thinking about how to preserve and grow their capital should first of all “adjust” their money to outpace the rate of inflation.
Simply put – at least make sure that this money does not depreciate ?
Here are some simple and universal tips:
- Diversify your investments. Don’t keep all your money in one place. Consider stocks, bonds, real estate, and cryptocurrencies.
- Buy gold or other precious metals. Historically, these assets rise in value in times of rising inflation.
- Invest in real estate. Real estate prices usually rise with inflation as well.
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These are classic and really effective tips. However, the truth is that they may not suit everyone.
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