Inflation went up 6.8% since last year. Here’s what you can do to protect yourself and lessen the effects.
► Webull, Get 5 FREE stocks valued up to $8000 and $5 of Cryptos:
Where to buy TIPS:
► Get a 5 FREE shares of stock worth up to $3500 each
► Cellphone Plan I use for only $15/month:
► Bank Anywhere in the World with a VPN:
► Get $10 of FREE Bitcoin with $100 Purchase at Coinbase:
► Protect your Cyptos with a Hardware Wallet:
► Get a FREE Finance Audio Book:
► Early Notice of When I Buy or Sell:
► Build Credit with no Credit by Self Lending:
► Products on Amazon I recommend:
► Channel T-shirt, Honey Badger T-shirt:
Most Updated Other Channels:
BTB Foods:
BTB DIY:
BTB Tesla:
BTB Tech:
BTB Travel:
BTB ASMR: …(read more)
HOW TO: Hedge Against Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Don't buy ANY type of car.
I cycle to work…And everywhere else!
A few Moments Later…
As much as I think you are too frugal… I genuinely enjoy your work
Seems more like 15-20%
China screwed up everything
when you fix things, that part is up by inflation. it not cheap now it was, say 1 year ago( i think you miss explaining that) as it's gone up by 6% as stats say but inflation is more like 10-11%. I wouldn't look at someone stats for the rate of inflation, each person inflation is different, depending what they need in life. but good video.
Thank you beat your bush. I have learned so much from your podcast. I had a bank mutual fund which it grew this year. I invested 2 years ago when you started about 30k that money doubled 36k.. thank you. I plan to invest more whichI am 50 something and never saved for retirement. I plan to use vanguard which I will transfer my money from bank mutal fund…. Do, you have info on vanguard?
I'm dealing with inflation by choosing cheaper alternatives. I bought a used electric car and fuel it at free public charging stations like Volta. Avoiding gasoline is saving me tons of money. As a carnivore I'm eating just pork and chicken which are much cheaper than beef which is VERY overpriced now. Avoiding expensive fruits and vegetables saves me money and has improved my health dramatically as my carb intake is close to ZERO!
When I travel, I see that I am so blessed and have more than enough stuff to last me a lifetime.
No reason to stop travel because of the bug; most countries south of the border are wide open as well as certain part of eastern EU. The most wasteful thing is to live in fear!
Electric car?? Yes, pay 20000 more, pay extra on maintenance, buy new batteries each 10 years, burn your time at charging stations
I think these ideas are smart. Let go of what you can, save, invest but remember to treat yourself too so you don't feel like you are constantly working with no pay off. It comes down to just being sensible… really. Treat yourself like your own best friend and respect yourself the same way. You don't want to be the richest man in the grave yard and by the same token there is no need to blow everything you work for and find yourself in the street begging. Moderation is the key. A good life lesson……
If you save 6.8% of your income on top of what is normal. Does this curb inflation? With hard times coming I think I may be forced to live like beatthebush
Gold is another hedge.
What does the Dinosaur on your couch think about meat prices?
omg can you tell us more about your health issues and the improvement that the diet brought? I also have some skin issues and have no idea where it could come from.
Gas is up over last year of course, we were all at home last year. Should they use 2020 as a base for comparison?
Do we really count inflation based on 2020?
Buy stocks with dividends of more than 6.8%.
I was told that shipping from China went up 800%.
The drastic cost of shipping from overseas has to do with it.
"Dont buy stuff, stuff has gone up"..love it. Enjoying my EV more than ever. There is so much joy ftom not buyjng. There is so little joy with accumulation of junk.
Enjoyed this video a lot. Nice to see your humorous & pragmatic side, along with your normal intellectual analysis, as always. Keep it up!
Can you please do a video about why you went mostly vegan?
Do a video about dating and finances!
The answer to the title of your video is to vote Brandon out of the White House.
Another option is to move out the country
TL;DW: Lower your standards and buy a Tesla.
Real helpful. Thanks.
your gut issues me be related to the vegan diet…. caution…
Buy stable coins and stake them from 10%-20% APY
Is inflation typically good or bad for homeowners? Let’s say someone just took on a new mortgage this year at 3.2% fixed. They’re technically borrowing at below the value that dollars lose each year. And inflation would drive the price of their home up right? So that’s a good place to put your money?
From my understanding the maximum amount that can be purchased under the TIPS program is $10,000.00.
You can’t escape inflation. Death and funeral related also went up like 45%
WOW! This guy is extremely frugal…I LOVE IT!
So what your saying is in order to avoid inflation you need to be miserable and not buy anything
More like 15%
Do you have to say this video isn't sponsored by something? I notice a lot of YouTubers say that
Real inflation is 10.1%
Inflation is way over 6.8. the government rigged it a few decades ago. It's actually like 15% there's a website called shadow stats that shows the real info!
Metal, commodities, and crypto. No other investment beats inflation!!
Long time subscriber here (when you had 10k subs or so) love your vids as always, I agree with 90% of what you said here but the ending really made me think that if someone was to follow everything you said, it’s a life not really worth living. Penny pinching is a means to an end, no one wants to be the richest man in the graveyard. Your heirs won’t appreciate your money like you do so enjoy it, live within your means.
Bitcoin!
The trick to beating inflation is to use self check out and “forget “ to scan the most expensive items haha
How do you protect against inflation? Buy put options of TLT! Simple :). BTW you are trying to beat inflation by avoiding meat? Dude … you are worth more than $2M!! 🙂