On this episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Kevin Rex to discuss how time has decreased the value of money. 

Chris and Kevin agree that many products and services have gotten much more expensive over the years. For example, food and real estate have generally increased in price over time- and the best way to combat inflation is to invest with a long-term mindset. Because interest rates have increased, many people have been investing in treasuries which can be a great short-term investment; however, treasuries typically do not appreciate enough to keep up with inflation. 

Chris and Kevin recommend listeners to investigate owning commodities like gold and investing in real estate and stocks, as history shows these assets do increase in value over time and can help increase one’s purchasing power. 

Disclosure:

Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.