# Need Real Finance Advice?

**URL:** <https://forums.speedlife.net/t/need-real-finance-advice/247209>\
**Category:** Shift518 Off Topic\
**Created:** [September 30, 2009, 12:22pm UTC](https://forums.speedlife.net/t/need-real-finance-advice/247209 "2009-09-30T12:22:15Z")\
**Posts on this page:** 1\
**Showing post:** 85

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**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\
**Post date:** [October 1, 2009, 4:35pm UTC](https://forums.speedlife.net/t/need-real-finance-advice/247209/85 "2009-10-01T16:35:54Z")

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> [@Cuban crisis - V: ruining his chances .....](https://forums.speedlife.net/t/cuban-crisis-v-ruining-his-chances/23860/13):
>
> The latter, except I don’t put my life savings into something that depreciates.

Pretty much everything ‘depreciates’ due to inflation. Yes, you can beat deflation by getting a savings account, CD, MMA that has a higher yield,but good luck finding one. I believe the current deflation rate is somewhere in the 3-3.5% area.

Say a person has $1M. Say the deflation rate is 3.5% per year. For each day that that person does nothing at all, they lose almost $96. Yea, the bank account will still say $1M, but the worth of the $1M goes down.

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