Ep. 22 - What is Inflation?

On this episode, Kris Read, a Certified Financial Planner with RBC, takes us through a journey, explaining what Albert Einstein dubbed, 'The 8th Wonder of the World'. Compounding can be an extraordinary thing if used in the right way. It can also be a detrimental if neglected. We focus on the negative side of compounding, illustrating the adverse effects of inflation.  We explain what inflation is, and how it deteriorates the value of your money, each and every day.