You’re 0.0186% Poorer Today Than Yesterday
Published on January 16, 2022
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
We begin 2022 with news about interest rate increases due to inflation.
So, I asked myself how much money did I lose today?
I found out it is 0.0186% each day.
Actually, I did not lose money but rather the value of the money is lost or decreased. It is worse because it quietly burns away the buying power of the money we have.
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This is the reason why we need a plan to increase the value of what we have or increase our earning power above and beyond the inflation rate.
If you are earning 15% more from your money and the inflation rate is 4%. Your net earnings are 11%.
Don't forget any cash you are holding that is not invested is also decreasing in value every day.
Inflation has always been there and will continue to do it's damage to burn away the value of our purchasing power.
That is where starting and business on WA and building passive income from affiliate marketing is one way to fight against inflation.
If you are struggling to find a reason for WA and why you should build more income streams. Inflation reducing our quality of life is one reason that applies to all of us as to why we should build our business.
I hope all of you are well and your wealth increases everyday.
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