Your Money or Your Life

What is the second common investment myth that the authors wish to dispel?

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The second investment myth is that an investor should use inflation as the primary consideration when choosing how to invest. The authors explain that the effects of inflation over time should be negligible, because frugal people do not buy many durable goods after achieving financial independence, because inflation does not apply to all categories of goods, and because ultimately each person's choices control his total expenses.