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RE: The Average American Citizen Is Sitting On Piles of Cash & Aren’t Being Smart on Wealth Building
Good article mate and i agree with what your saying. By sitting on cash, people are not only eroding their present value of cash through inflation, they are also missing out on the opportunity cost of investing. May be its because people dont trust the financial system after 2008 crash but i am glad you are bringing these points out. Well written piece.
Thanks for mentioning about the effect of inflation I completely forgot to even mention how that affects cash. Thank you for your support. I just believe because we are not taught finance in school we are not educated in this important area of our lives. We are all going on with our lives trying to do the best we can with our financial situations, but with our having a financial GPS or a “financial Manuel” we struggle with this area of our lives.