A Million Dollars Is Not Enough | Ep 937

Your money goals are too small, and I will prove it to you. So in this video, I'm gonna explain how you need to rethink your income, your investments, and savings goals and timelines. And so here's the problem. A lot of financial gurus, even people on this platform, right, and I have no shade, right, will tell you to save $100 a month and they'll tell you that. If you do that from the time you're 18 until the time you retire at 67, you'll retire with a million bucks at a 9% compounding rate.

And that all sounds great until you realize that when you're 67, that $1 million is going to only be worth $170,000. So why is that? Just one dollar in 1975, right, 50 years ago, has today's equivalent purchasing power of $6.00 and two cents. That's a 6x difference in 50 years. The main reason, inflation, the dollar.

They don't make them like they used to. Right? And or rather, they make too many of them. And if you push back on that, then I'd like to ask you to think and study late-stage capitalism. So like, look if in late stage capitalism and countries that are in it, which I would say America is in late-stage capitalism, look if inflation goes up or down.

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