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FIGHTING INFLATION

FIGHTING INFLATION THE SMART WAY

Inflation is reaching record high rates, which means that the money sitting in your bank account is becoming less valuable every day. Typically, inflation is around 3%, but recently, that number has been closer to 8.5%. Essentially, if you have $100k sitting in the bank, you are losing about $8,500 worth of value every year. That is why it is so important to be investing your money during inflationary periods. Wages may not be increasing proportionally to inflation, but there is one industry tha…

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