Inflation Is Real, What Can You Do About It?
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LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
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HOW TO INVEST IN SILVER: Silver IRA Investing
Inflation is an economic term used to describe the general rise in prices of goods and services over a period of time. It is one of the most important financial concepts that affects the lives of individuals and businesses alike. While it is a natural part of any economy, the effects of inflation can cause undue stress and financial strain for those not prepared for it.
Inflationary pressures can be generated by a number of factors, including changes in government policies, fluctuations in currency values, market supply and demand conditions, and global economic trends. Regardless of the source of inflation, individuals and businesses can take steps to protect their financial well-being and minimize the impact of rising costs.
Investing in tangible assets like real estate, precious metals, and commodities is one way to hedge against inflation. These assets typically appreciate in value over time, in step with inflation or even higher, making them an attractive option for investors looking to preserve their wealth. Additionally, investments in foreign currencies or international stocks can offer diversification benefits that can help offset inflationary pressures in the domestic market.
Another way to combat inflation is to take proactive steps to reduce personal and business expenses. This can include cutting back on non-essential purchases, negotiating better deals with suppliers or vendors, and implementing cost-saving measures like energy-efficient equipment or telecommuting.
Finally, individuals and businesses can seek out inflation-protected assets to help mitigate the effects of inflation. Government-issued inflation-indexed bonds, for example, are specifically designed to protect investors against inflation by adjusting their interest payments in step with inflation.
In summary, inflation is an unavoidable reality that affects people at all levels of society. While there is no fool-proof way to protect yourself completely from inflation, taking proactive steps to invest in tangible assets, reduce expenses, and seek out inflation-protected assets can help mitigate the effects and safeguard your financial future. Ultimately, being aware and proactive is key to staying ahead of inflationary pressures and ensuring a secure financial future for yourself and your loved ones.
One major driver of inflation that they often fail to mention is the massive increase in the money supply. When you have more money chasing the same amount of stuff, the price of that stuff goes up.
Earn more by changing your Job and spend less by using a budget.
Katie porter showed that the unit price index went up 53 percent because of corporate profits in 2020-2021. Unit labor price was only up 6.7 percent. Meaning 53 percent of the inflation is caused by corporate profits.
I love Dave's content because you don't have to think too hard to get it. In fact, the less you think the more you will enjoy his content.
Statistically, the quickest way to get a pay raise is to go after another opportunity. Easy to say, but you really got line that up to knock it down. Do your best folks
Inflation is real, what can you do about it?
Stop voting democrat.
dave: what can you do about inflation?
also dave: DON'T YOU DARE ask your boss for more money!
what an unhinged scumbag
Dave is so hypocritical in this about asking your employer for a wage increase due to inflation. He has said he won’t be increasing the wages of his own workers. “Your increase is effective when you are.”
Excuse me? What's the woke agenda, Dave???
Listen to him from the upper class tell the peasants how to feel about inflation.
LUUUUV bologna sandwich reference!
People don't make that stocking bread. Dave is a multimillionaire out of touch with reality.
If I could put bread up for $20 I'd be okay
Another reason I like Dave A Raptor man!! LOL
What's the woke agenda? Actually treating all races equally is a problem?
$20-$30 an hour for stacking shelves? He must be talking about California or something. Here in Missouri most stores still pay minimum wage, which is $11.15 per hour. Some places have raised their pay to $12-$14 an hour, but definitely not all of them. Even then, $14 an hour working 60 hours a week is still only $840 before taxes and insurance if they offer it. That just shows how hard it is for some people. From my understanding there are multiple states that still have a set minimum wage of $7.25 and are lucky to see more than that. $20-$30 an hour for any restaurant or grocery store is an extreme outlier.
Hi . Forget bologna, invest in cryptocurrency.
Rice beans and beans and rice.
What was the advice? Find a better paying job? Lol
One hundred twenty-eight dollars to fill up my car, my truck, and my lawn mower…
I think the food price is the worse than gas price. I just went to the grocery store and bought 14 items it cost me 60 dollars. I can't imagine having a family of 4. I am a single guy.
Dave is so out of touch. Hourly rates went up $2-$3 and blames inflation on that.
Places like Costco have always paid people a livable wage. Other stores are now having to step up!
Warning adv: working for Ramsey company
Dave drives a Raptor?
I cant make it Red Cross refused to give us a raise for a year Dave is a POD
If people wanna actually do the steps and not whining and blaming others inflation would not affect them near as bad as it really is now.
Dave’s advice is generally very bland or generic. “You can’t afford that” “Stop making stupid decisions” Dave makes millions doing his radio show. How much of his wealth is based on blue collar work weeks and saving who knows?
Elections have consequences. 2024
finance is also about slimming down in these times. Find places to cut back. Americans have no idea how to consume less. Sometimes u can eat at home. Cut the cable. There are so many things you could do to cut your household expenses. U want stuff..u dont need all of it
I’m old enough to remember a few months ago when Dave said the inflation that’s happening is no big deal