On... A Melting Ice Cube
Money is like a melting ice cube. Given enough time, it disappears. People know inflation but my guess is they don't think about what that means and how it affects their life in the long run. A melting ice cube is a good way to look at it. Its because inflation erodes your net wealth over time. Generally, I see people react to inflation in 2 ways ( at the extreme end of the spectrum ). First is the rich ones. They worked hard and saved a lot. So they think they have enough in the stock pile to support their life post retirement. The other end of the spectrum is the one who is poor and at this end, there is no more choice. The only option is to work until they die. This time, I want to look at the first case - those who have money. The question is, how do they treat their money? Do they realize that money is a melting ice cube and if you don't do anything about it, it eventually disappears. If you invest your money ( in any way, shape or form ), then kudos to you. If you don...