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The 3-W of Investment
Why, Where, When
“If you don't find a way to make money while you
sleep, you will work until you die."
— Warren Buffett
Business magnate, investor, and philanthropist
Why Invest
By definition, investing is allocating resources, usually money, to
generate an income or profit.
Although it might be obvious why you should invest, let’s examine this
as a form of financial wisdom.
First, investing allows you to minimize the impact or overcome
inflation; God knows, we had enough of it in 2022 and throughout history.
If you keep your money in your pocket or the bank account, it loses its
practical value with time. That means, as time passes, you can buy less and
less with the same amount of dollars.
By investing your money and increasing their amount, you can at least
keep your buying power constant.
Below is a picture that shows the annual inflation rate in the US for the
last century. As higher the indicator is, the more purchase power your cash
loses.
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