““Inflation is like a moving treadmill. Prices don't stand still — they keep increasing year on year (5.5 per cent per annum over the past 45 years in fact). If you stick your money under the bed, or in a transaction account earning 0.1 per cent interest per annum, then you're doing the equivalent of standing still on that moving treadmill. It's not safe. It's incredibly risky and it will have a devastating impact on your retirement.””
