The Impact of Inflation on Your Finances – A Must-See!

by | Nov 28, 2023 | Invest During Inflation | 14 comments

The Impact of Inflation on Your Finances – A Must-See!




Everything is going up in price.

Your wages aren’t.

And it’s all down to our friend inflation.

Hit play to find out how to make your money go further.

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0:00 – Intro

0:43 – Inflation is making you poor.

1:43 – Why Inflation is inevitable.

4:29 – What are the options.

7:09 – The Governments job

8:28 – What you can do about it.

12:44 – Outro

#inflation #propertyinflation #economic

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LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

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Inflation is a common economic phenomenon that affects everyone, regardless of their financial situation. It refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing power of money. As inflation continues to rise, it can have a significant impact on individuals and their finances.

One major way in which inflation affects people is through the cost of living. As prices for everyday goods and services go up, individuals have to spend more money to maintain the same standard of living. This means that the same amount of money will buy fewer goods and services, leading to decreased affordability and financial strain for many households.

Inflation also affects savings and investments. When inflation is high, the value of money decreases over time. This means that the money people have saved or invested will not be worth as much in the future as it is today. As a result, individuals may have to save and invest more money to achieve their financial goals, such as retirement or education expenses.

Furthermore, inflation can impact borrowing and lending. When inflation rates are high, the cost of borrowing money increases as well. This can make it more difficult for individuals and businesses to borrow money for large purchases or investments. On the other hand, lenders may be less willing to lend money at low-interest rates, making it harder for individuals to take out loans.

Inflation also has an impact on fixed incomes and wages. For individuals on fixed incomes, such as retirees receiving pensions, the purchasing power of their income decreases as prices rise. Similarly, if wages do not keep pace with inflation, workers may find it difficult to maintain their standard of living.

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It is important for individuals to be mindful of inflation and its impact on their finances. Inflation can erode the value of money over time, making it essential to take steps to protect one’s financial security. This may include investing in assets that have the potential to outpace inflation, such as stocks or real estate, as well as carefully managing borrowing and spending.

In conclusion, inflation can have a significant impact on individuals and their finances. It affects the cost of living, savings and investments, borrowing and lending, as well as fixed incomes and wages. It is crucial for individuals to understand how inflation affects them and take steps to mitigate its impact on their financial well-being. By staying informed and making strategic financial decisions, individuals can better navigate the challenges posed by inflation.

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14 Comments

  1. Chester Yang

    Great video. Well explained.

  2. Jason’s Shaw

    The price of money is a great read

  3. Elaine Boyne

    What the government need too do his stop selling the house too people who just want money too pay for the mortgage and don’t look after the house them renting the house them that they building just give the council too rent people and the county will run better

  4. Elaine Boyne

    This government only goes for rich people because in school one sausage roll is for 2.25 some children only have ten pound for the week and chirps is for 1.40 that bad for the poor children and families and wages not going up

  5. Angelo

    Dodgy 1930's mathematics my dear young PH. That's what comes from relying on dodgy government inflation figures that price in a 50p hike on a £1.50 block of butter as 10% inflation, when the real number is 33.333333% inflation. Similarly if £750 was never £45k today when you could buy with your £750 a newspaper for 1p or less, a kid's comic for the same and 5p got you a huge sack full of sweets… Even in 1975 the Beano was still only 2p so your £750 in 1975 could buy you over £110,000 of comics in todays money. My point is that inflation is far worse than the government, or even you are suggesting.

    Life has changed a great deal since a mother could stay at home and raise the kids on a father's wage. We came up and those of us old enough to know can see how far we've fallen because of the banksterism that has created our now faux democracy…

    WW2 that PM Chamberlain said we went to "with a friend [Germany] with banker knives at our backs", because the German National Socialist Workers' Party dared to nationalise their banking was the beginning of the end for us all. We stand for our minute silence but very few realise that the millions who died in WW2 did so for the privatisation of German banking and it had nothing to do with the holohoax, a matter never mentioned in our school history books until the 1980s.

  6. R3sp3ctMyGam3

    Very good content as always Rob. How could I get a chance to meet you personally?

  7. MrFrobbo

    Good vid for the nuub. Shame you missed Bitcoin (digital gold/ commodity) NOT crypto, guessing not your speciality.

  8. Joe Kerry

    Billionaire WEF woke globalist are using inflation to fleece the 99.99%.

  9. Soh sue ping

    Hi Rob, awesome video! You are really a good economics teacher explaining about inflation. Will definitely check out your book soon. I have shared your video with my family members too.

  10. Julie Simpson

    Q. WHY DOES THE GOVERNMENT BORROW FROM PRIVATE BANKS? WHY CANT THEY CREATE THEIR OWN MONEY LIKE THE BANKS DO??? (Remember Greenbacks)

    Q. WHO OWNS THE BoE??

    If the Government stopped wasting money (Arms dealing & bureaucracy etc. ) then they wouldn’t have to borrow so much!!

  11. T B

    Just purchased The Price of Money on Audible… Can't wait to listen.

  12. kalef1234

    Mmmm so we're screwed and i should go BUY BUY BUY or I'll be left behind forever? Tired of this sentiment. Cars too much, housing too much. I really want it all to just crash and burn. Life sucks. The guillotines need to be brought back out.

  13. Kevin U.K.

    Congrats on the book and thanks, this is a great video.

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