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Time to bump up that 401k
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<blockquote data-quote="Up In Smoke" data-source="post: 5312083" data-attributes="member: 79702"><p>Inflation has run well under your raises for nearly 10 years. If you were unable to manage your finances in that free money cycle, I can see where this current cycle has you worried. Wages are up, causing the supply of everything from raw materials to energy to be up. Tighten your belts, give up some of your wants and let the economy sort out the rest. Compound interest is something you receive from an investment, not sure how you tried to relate it to my response. When your money's money makes money, it's a good thing.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5312083, member: 79702"] Inflation has run well under your raises for nearly 10 years. If you were unable to manage your finances in that free money cycle, I can see where this current cycle has you worried. Wages are up, causing the supply of everything from raw materials to energy to be up. Tighten your belts, give up some of your wants and let the economy sort out the rest. Compound interest is something you receive from an investment, not sure how you tried to relate it to my response. When your money's money makes money, it's a good thing. [/QUOTE]
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Time to bump up that 401k
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