The Importance of Understanding Money

Inflation will erode your wealth. If you put the money under your mattress or in the bank, it will be worth less over time. Saving is a good thing to do, but only to then don't want to invest. You can take advantage of this situation as well. Any debt that you took out in the year 2000 would also be halved. But whereas savers are absolutely getting hammered and they're wealth being eroded, you've supercharged your wealth by taking advantage of that very sane situation. It goes back to that point of taking action. So I said earlier, you can either be punished or rewarded. And because you understand money, you can make a much better decision