In the time value of money concepts, it is the value of money today in relationship to its value in the future. Most Investors prefer to receive money today rather than the same amount of mo
In the time value of money concepts, it is the value of money today in relationship to its value in the future. Most Investors prefer to receive money today rather than the same amount of money in the future. The value of that same amount of money loses value over time if it is not invested. For example, in my culture most of my ancestors I know for a fact were scared of putting money in the bank which kept them from having a better wealth value at the time of death. Also, in direct relationship they would not do any investing in anything so that did not have allow the value of the money that kept under the bed to grow. In their time most jobs that they were able to work did not provide for an employee to invest through 401k or any type of investment to help them to prepare for the future. My grandmother was a person who was an entrepreneur in her own right and was able to make a lot of cash in her years on earth died and the family found a lot of cash that was basically too old to cash in because of its condition. So not only it was not invested but was not even able to be exchanged for the same face value.
In contrast for me to create a more financially future for me and my family I will make sure that I invest the maximum amount on any job that I can to my 401k plan. Most companies these days will match come very close to matching any money you invest back into the company. Another great investment that I would do is when I need a loan, I would use the money from my 401k to borrow against to pay as lower interest rate.
Reference:
time value of money – Search (bing.com)
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