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244 - Inflation Nation 2022

Maven Money Personal Finance Podcast

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How Much Does It Cost to Live Your Life Style?

Financial illiterates think of money as currency, you know. It's not its purchasing power. A money's role is to maintain its purchasing pow an iflation doesn't rise in a straight line,. As investments don't either, it's a bit more erratic. Over a two person retirement, which is typically 30 years, your monthly expenses will likely triple. So over a 30 year period, let's say they are three thousand pounds a month for either you, or you and your partner - at the end of that 30 year period there will be nine thousand pounds. You've heard that right. And i'm banging on about inflation all the time.

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