Hiding Your Money Under A Virtual Mattress

Occasionally, you’ll read a news item about an eccentric individual who accumulated a substantial quantity of money and stashed it all away under a mattress. We shake our heads and wonder why someone would do such a thing. Doesn’t he understand the risks involved? A fire could burn it all or a thief could steal the entire stash! He could lose his life savings in a single tragic event.

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Not only that, think of all the missed opportunities to invest the money and build wealth. The money could have earned interest in the bank or been invested in a mutual fund. Stashed under a mattress, money loses its value as inflation erodes the purchasing power over time.

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