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When presented with an inflation rate, we use it to increase the relevant expenses for the upcoming year. However, the inflation percentage is again added to the final answer. Is it because inflation is already reflected in the expenses, and the return needs to reflect the inflation percentage in order to maintain the real value?
“Once you decide on your occupation you must immerse yourself in your work. You have to fall in love with your work. Never complain about your job, you must dedicate your life to mastering your skill. That’s the secret of success and the key to being regarded honorably. I’ve never once hated my job, I fell in love with my work and gave my life to it.”—Jiro Ono