I believe financial managers should be preparing for inflation in the
next 5 to 10 years. There has been a huge spike in inflation in today's
world and this will not be the last one. If financial managers are going
through this rollercoaster at the moment, it will help them prepare
for other spikes in the next 5 or 10 years.
The time value of money concept will help me prepare for the impact
of inflation. The time value of money has helped me understand that
a dollar today is worth more than it will ever be and that investing is
important. The importance of compounding was also cleared up for
me in this course. If I save and invest now, it will personally place me
in a better position later in life when inflation spikes again in 5 or 10
years.
