Paper Money Eventually Becomes Worthless!
Send us Fan Mail Season 2. Episode #66. Not Me, But You! Podcast. Great quote: "Paper money evenutally retuns to it's intrinsic value- zero." Voltaire who lived in the 1700's. Do you understand how inflation degrades the purchasing power of your money that you have in savings? What is the true rate of inflation? Probably 8% to 12% per year. What does that mean to us as investors? We need to OUTPACE that rate. Which means...we need to EARN MORE than that rate on our money (on our investm...
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