Mysore Palace was built between 1897 and 1912 at an outlay of around Rs. 42 Lakhs.
You will have to strive hard to get a two bedroom flat in Bangalore today for the same amount (Just four walls).
The Compounding effect of Inflation does such wonders!!!!@. So, whenever we do investment planning (Say a financial plan for the future like child’s education or retirement planning) it is very important to factor inflation into our plans. If we don’t do this, the whole plan can go for a toss.
You will have to strive hard to get a two bedroom flat in Bangalore today for the same amount (Just four walls).
The Compounding effect of Inflation does such wonders!!!!@. So, whenever we do investment planning (Say a financial plan for the future like child’s education or retirement planning) it is very important to factor inflation into our plans. If we don’t do this, the whole plan can go for a toss.
We must also choose investment avenues that can grow ahead of inflation. Overall return of the portfolio must at least keep pace with inflation if not outpace it.
Always have ‘Inflation’ in mind when you invest or plan for the future.
Presentation on Inflation
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