Taxes can have the greatest ability to erode away our money. Let’s look at how this eroding factor eats away your assets.

Welcome back to part two of “Where does my money go?” We’ll discuss three more of the money eroding factors in this piece. With that, sit back, relax, and learn how we all lose money right before our eyes. Eroding Factor #2: Inflation How many of us remember our parents or grandparents telling us stories [...]

Welcome back. Let’s take a look a a couple more of the money eroding factors. Eroding Factor #5: Financial Expenses Financial institutions don’t charge you money to keep your money with them, right? WRONG! We pay fees, advisors make commissions off of your money, and there always seems to be some kind of charge for [...]

Today we’ll discuss a couple more money eroding factors. I think these might hit home for a lot of us. Enjoy! Eroding Factor #7: Decline in Interest Rates When an individual deposits money into a bank they are essentially giving the bank a loan. In turn the bank pays that person interest for lending them [...]

This post will wrap up the piece on where all of our money goes. Hopefully this has been informative and helps all of us to be more aware of how our money erodes away. Most of us may be familiar with one of these factors, but the other may surprise you. Enjoy! Eroding Factor #9: Loans and Interest In an [...]