While you are driving toward income independence, your money is driving in reverse.
Inflation is why.
As if you don’t have enough to worry about for retirement, the buying power of your money is likely to be significantly less than it is now, due to inflation. Consider the buying power of $2,500 through the lens of 1991. In 1991, $2,500 would buy you $2,500 worth of stuff. Today, you’d need $4,371 to buy the same stuff. You need nearly 75% more money to buy the exact same stuff.
