While inflation may seem like one of those boring and distant economic terms, it’s one that every woman should consider in creating long term financial freedom.
Here’s the scoop. The historical rate of inflation is about 3%.
Not to complicate the matter, but sometimes there is no inflation, or there’s the opposite of inflation, but we won’t go there since regular ole inflation is most common.
Here’s how simple it is…and how important knowing about inflation is for you to have financial freedom.
If my $10 bought 5 pounds of organic sweet potatoes last year, and this year that same $10 only buys 4 pounds of potatoes, you can see how this could be a problem, especially if this went on for years and years.
READ MORE: Inflation and How it Affects Us