In this video, Colin Exelby, CFP® explains why inflation is sticky and how rising prices are the secondary effect of government stimulus.

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Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas.

Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments.

This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person.

Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment and planning strategies discussed in this video and should understand that statements regarding future prospects may not be realized.

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Investments in securities entail risk and are not suitable for all investors. This is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction. All investment strategies have the potential for profit or loss….(read more)

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Inflation Silently Steals From Your Financial Goals ☢️

Inflation is a silent enemy that can slowly erode the value of your money and affect your financial goals. It is the gradual increase in the prices of goods and services, resulting in a decrease in the purchasing power of your money. In other words, as inflation rises, the value of money decreases, and it becomes more expensive to buy the same items.

One of the most significant impacts of inflation is on your savings and investment goals. If you are saving for a particular financial goal, such as buying a house, starting a business, or retiring comfortably, inflation can undermine your efforts. For example, if you have $100,000 saved for a down payment on a house, but inflation is at 3% per year, the value of your savings will decrease by $3,000 in the first year alone. This means that in order to achieve your financial goals, you will need to save more money to make up for the loss in purchasing power caused by inflation.

Similarly, inflation can also affect your investments. If the rate of return on your investments does not keep up with the rate of inflation, you may find that your investment portfolio is not growing as much as you had hoped. This can make it more challenging to reach your long-term financial goals, such as building a retirement nest egg or creating a college fund for your children.

Inflation can also impact your everyday expenses. As the cost of living increases, you may find that you need to spend more money on groceries, gas, utilities, and other essential items. This can reduce the amount of money you have available to put towards your financial goals, making it harder to achieve them.

So, what can you do to protect your financial goals from the effects of inflation? One strategy is to invest in assets that have historically outpaced inflation, such as stocks, real estate, and commodities. By diversifying your investment portfolio and including assets that have the potential to grow at a rate higher than inflation, you can help protect the purchasing power of your money.

Another strategy is to regularly review and adjust your savings and investment plans to account for the impact of inflation. This may involve increasing the amount of money you save each month or adjusting your investment strategy to seek higher returns.

Additionally, it’s essential to stay informed about inflation rates and economic conditions, as this can help you make informed decisions about your financial goals and how to best protect them from the effects of inflation.

In conclusion, inflation is a silent thief that can slowly erode the value of your money and impact your financial goals. By understanding the effects of inflation and implementing strategies to protect your savings, investments, and everyday expenses, you can better position yourself to achieve your long-term financial goals despite the challenges posed by inflation.