⚡️3 reasons saving money makes you poor

Inflation is on the rise and this means that saving money is can be detrimental to your long-term financial success. Ken shows why. Download your personal budget instruction worksheet: https://kenmcelroy.com/sm-know-your-expenses

📘 Chapters →
0:00 Introduction
0:15 1-Banking is a Business
1:50 2-Inflation is a Tax
4:10 3-Your Money is being Diluted
6:48 4 Action Items

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.

With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.

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For more information on this topic follow the links below:

Warren Buffett's Top Tips To Beat Inflation | Bankratehttps://www.bankrate.com › Authors › Brian Baker
Jun 7, 2021 — How to beat inflation, according to Warren Buffett · 1. Invest in good businesses with low capital needs · 2. Look for companies that can raise ...

For Older Investors, Tips on How to Beat Inflation - Investopediahttps://www.investopedia.com › ... › Investing Essentials
2 In general, beating inflation requires a return on investment of at least 4% to 6% per year, in addition to whatever income is generated or saved for.
‎Rent Your House · ‎TIPS · ‎Annuities · ‎Mutual Funds, Stocks, ETFs

Best Investments To Beat Inflation – Forbes Advisorhttps://www.forbes.com › advisor › investing › best-inv...
Dec 28, 2021 — Best Investments To Beat Inflation · Beat Inflation by Investing in Gold · Invest in Stocks to Beat Inflation · Beat Inflation with Real Estate.

How to inflation-proof your finances | Money | The Guardianhttps://www.theguardian.com › money › oct › how-to-i...
Oct 25, 2021 — Sort out your savings · Invest some of your savings · Trim any regular costs · Change what you buy · Fix your mortgage · Ask for a pay rise · Index- ...

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