More money in the world but value of money is getting lesser
By scheng1
@scheng1 (24649)
Singapore
December 5, 2015 6:05am CST
There are more and more money in the world.
Many years ago, people talk about millionaires. They cannot fathom a person with a billion dollars in asset or net worth.
Now millionaires are nothing.
People talk about billionaires, and multi-billionaires.
There are more and more money in the world.
The problem is that the value of money is getting lesser and lesser due to inflation.
Many years ago, a dollar can get you a proper meal. Now a dollar is nothing at all.
That was a time when the world governments view gold as real money, and they peg the value of their currencies to their gold holdings.
Now money is just digit, and has no real value. That is why you can make more and more money without feeling richer and richer. Your money is getting more and more worthless.
3 people like this
4 responses
@birjudanak (14316)
• India
5 Dec 15
you are truly right money value is nothing because person earn that kind of money that they also don't know what amount they have.just before 2 or 3 days i read that mark zukerberg become father and he donet something like 99 % giving like amount 45 billions,its a too big amount.
1 person likes this
@birjudanak (14316)
• India
5 Dec 15
@scheng1 yes you are right and they do well but just look amount that he earned in his life we cant imagine that figure,i know its all white and earn good way but its lot of and we cant think that we can make it in this born.
@TypicalRussian (747)
• Budennovsk, Russian Federation
5 Dec 15
Firstly, wealth is defined now not only in numbers, but in ability to buy something for that amount of money. You can be billionaire in Belarus, but to visit toilet you should pay 10.000 bel rubles. Secondly, i think more and more people understand that there are things that can't be bought for money - faith, love, loyalty. But inspite of these opinions, we still can't live without money spending.
1 person likes this
@scheng1 (24649)
• Singapore
5 Dec 15
I think most of the people know nothing about personal finance.
if they have some knowledge of inflation, value of money, habits of money, and the world economy, they will have a better life.
Having knowledge is a good start. Using knowledge to benefit ourselves will lead to financial freedom.
1 person likes this
@TypicalRussian (747)
• Budennovsk, Russian Federation
5 Dec 15
@scheng1 "Knowledge is power" indeed
@garymarsh6 (24138)
• United Kingdom
6 Dec 15
The more you have the higher your taxes so you are right that your money feels much less!
1 person likes this
@scheng1 (24649)
• Singapore
6 Dec 15
That is why we have to increase our investment knowledge.
The price of property in good location and the share price of great businesses will always beat inflation.
You just have to learn investing, and then use your hard earned money to invest, and you will get richer and richer.
