How to beat inflation?

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Inflation is the decrease in buying power in a form of monetary unit of exchange resulted from an increase of prices from goods and services. The effects of inflation over time will see the deterioration of buying value of money.

How to overcome the effects of inflation?

1. invest in income producing assets that produce greater yields that exceed the inflation rate (note: don't invest in speculative or risky assets or schemes)

2. spend less money (avoid spending money on things you don't really need)

3. continually invest money to ensure adequate growth over time (but ensure effective capital allocation across the board).

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