Also , just for coincidences. Look at DeBeers Diamonds ! same deal.
Finance is a mental mindset people. Ponder deeply and ye shall understand.
Example 1. person sells a house they bought ten years ago for $100, they sell it today for $150k and celebrate the windfall. But did they. No, just inflation alone shows your dollar DEVALUED by 50%. So to prove it, to get back in the market to purchase similar home you have to spend EXACTLY what you sold for. LOSER.
Happens every day. If you don't put your money to work, you are losing vs. inflation.
Also , just for coincidences. Look at DeBeers Diamonds ! same deal. Finance is a mental mindset people. Ponder deeply and ye shall understand.
Example 1. person sells a house they bought ten years ago for $100, they sell it today for $150k and celebrate the windfall. But did they. No, just inflation alone shows your dollar DEVALUED by 50%. So to prove it, to get back in the market to purchase similar home you have to spend EXACTLY what you sold for. LOSER.
Happens every day. If you don't put your money to work, you are losing vs. inflation.