facenglish:


how does inflation affect my savings, tell me

you buy goods with inflated money. So your purchasing power is eroded

uprof:
you buy goods with inflated money. So your purchasing power is eroded

i don't understand, how does my purchasing power erode

uprof:
. You have your goods but you are paying with inflated amount

everybody pays with inflated amount

Distinct123:


everybody pays with inflated amount

Yes but employees are at the receiving end, you carries huge amount of budding

uprof:


Yes but employees are at the receiving end, you carries huge amount of budding

I can increase my salary, by asking for increments

I have lots of questions that has not been answer in this thread. can mr FAC provides answers to my questions

Let me try answer the big question; but from my own perspective.

When you drop your money in the bank, you end up losing the opportunity to turn those few zeros to several zeros. That money in the bank is worth more than a capital. A capital that you can put into a business in other to generate some profit.

So, those banks will eventually do business with your money and make serious profit. Yet, they wont give you any interest rather, they will deduct from your money.

Mind you, you don't need to wait until you get the billions to start your big business. Start small business with the little capital and after a while, your small biz will grow to give you the needed capital for the big biz. Anyways, that's if you take your small biz seriously...

That's just the financial Wisdom I've had many years back...

cutefy:
Let me try answer the big question; but from my own perspective.

When you drop your money in the bank, you end up losing the opportunity to turn those few zeros to several zeros. That money in the bank is worth more than a capital. A capital that you can put into a business in other to generate some profit.

So, those banks will eventually do business with your money and make serious profit. Yet, they wont give you any interest Rather, they will deduct from your money.

Mind you, you don't need to wait until you get the billions To start your big business. Started to small business with the little capital and after a while, your small biz will grow to give you the needed capital for the big biz. Anyways, that's if you take your small biz seriously...

That's just the financially Wisdom I've had many years back...

Good will increase your wisdom ! great

cutefy:
Let me try answer the big question; but from my own perspective.

When you drop your money in the bank, you end up losing the opportunity to turn those few zeros to several zeros. That money in the bank is worth more than a capital. A capital that you can put into a business in other to generate some profit.

So, those banks will eventually do business with your money and make serious profit. Yet, they wont give you any interest rather, they will deduct from your money.

Mind you, you don't need to wait until you get the billions to start your big business. Start small business with the little capital and after a while, your small biz will grow to give you the needed capital for the big biz. Anyways, that's if you take your small biz seriously...

That's just the financial Wisdom I've had many years back...

fantastic

can mr FAC answer my questions

What a great content! I really found it interesting

Distinct123:
can mr FAC answer my questions

yes I can

Distinct123:

yes I can

mr distinct I'm ready to answer your questions

facenglish:
mr distinct I'm ready to answer your questions

good! why shouldn't we look for high paying jobs after learning so hard in school

Distinct123:


good! why shouldn't we look for high paying jobs after learning so hard in school

..the problem is school doesn't make. you see the two sides of a coin

facenglish:
..the problem is school doesn't make. you see the two sides of a coin

what are the two sides of a coin?

Distinct123:
what are the two sides of a coin?

the two sides are job security and financial freedom

facenglish:


the two sides are job security and financial freedom

what do you mean by job security and financial freedom

Distinct123:
what do you mean by job security and financial freedom

should I start with job security

facenglish:
should I start with job security

tell me what you mean by jib security

Distinct123:
tell me what you mean by jib security

you are directly connected to job security, you work ,you get paid and vice versa

facenglish:
you are directly connected to job security, you work ,you get paid and vice versa

is there anything wrong with that

Distinct123:
is there anything wrong with that

so many things are wrong

facenglish:
so many things are wrong

what is wrong tell me!

Distinct123:
what is wrong tell me!

you work till the end of your life

facenglish:


you work till the end of your life

is not possible there is retirement now

Distinct123:
is not possible there is retirement now

but you have little or nothing to retire with

facenglish:
but you have little or nothing to retire with

I don't agree with what u said

Distinct123:
I don't agree with what u said

what am saying is this, you standard of living will drop when you retire and there is more likely that your income will he far lesser than expensive.

facenglish:
what am saying is this, you standard of living will drop when you retire and there is more likely that your income will he far lesser than expensive.

that one is true and there is nothing I can do about that

Distinct123:
that one is true and there is nothing I can do about that

you can go beyond that it is because of education

facenglish:
you can go beyond that it is because of education

what is wrong with our education in the school