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comment by user-inactivated
user-inactivated  ·  1904 days ago  ·  link  ·    ·  parent  ·  post: What was the best financial advice that you have ever heard?

Don't forget about inflation. If the rate is 2% your savings are losing value at a rate of 2%/year. If you aren't getting a salary increase you're losing money at a rate of 2%/year. And factor that into interest rates when you invest or borrow money.