Inflation
My father paid Rs 10,000/- as admission fee when I joined to my first PUC. Today if anyone wants to join the same college, fee is Rs 40,000. Just in the matter of 8 years, college fee has become 4x.
This is how inflation kills your purchasing power. I don’t think my father’s savings have become 4x in last 8 years as he was stick to safe heaven. It was just because of his ignorance he could not maintain same value for his money. Whatever hard work he has done so far is losing its value because of inflation.
This is happening not only in my father’s case; it is happening with most of the Indians. Yes, we Indians tend to invest our money in safe heavens and lose money in the long run which is the sad part. Please make sure your savings and revenue are beating inflation every year to maintain or to improve your standard of living.
“Save, Invest, Spend and Be Happy”
