Hi Friends,
With the US government going further into debt each day, week, month and year, the rate they will continue to print new money and create inflation will certainly rise exponentially.
This is bad news for your current money, which will not go as far in the future. People always talk of retirement crises as the Boomer generation is retiring but does not have enough saved. Some still have legacy pension plans and many have significant real estate value locked in their home so they do have some net worth, but not necessarily liquid retirement assets. Here is an article talking about the boomer retirement troubles:
To me, the bottom line is you need to accumulate a number of assets along the way and get your income up, both active and passive incomes - so you gotta hustle. Of course, you need to enjoy life as well, so striking the balance between killing it professionally and your family/leisure time is key. Have a purpose and enjoy life always, and accumulate assets - stocks, gold, silver, bitcoin, real estate - along the way. There are lots of paths to success but have a plan and a goal and work towards it.
Thanks for coming by today,
Brian