Action Tip: These are “safe” things you can do with your money that won’t beat inflation or taxes:
- Checking Accounts
- Savings Accounts
- Money Market Mutual Funds
- Bank CDs
- Treasury Bills
- EE Savings Bonds
- Life Insurance Policies
- Fixed Annuities
Slowly but surely, your purchasing power will diminish while you think your money is safe. It’s eaten away by termites of taxes and inflation.
Inflation averaged 3.2% between 1913 – 2015. You must beat inflation and taxes to get ahead investing.
Live below your means for a richer life.