Why Americans Need To STOP Blaming Inflation! (Do This Instead)
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As the United States continues to recover from the pandemic, many Americans are feeling the squeeze of rising prices. From grocery bills to housing costs, inflation is on the rise, and it’s tempting to point fingers and assign blame. But instead of blaming inflation, Americans need to take a proactive approach to managing their finances.
It’s important to understand that inflation is a natural economic phenomenon. It occurs when there is too much money chasing too few goods, leading to an increase in prices. Inflation can be caused by a range of factors, including government policies, supply chain disruptions, and changes in consumer behavior.
While it’s true that some of these factors may be out of our control, there are many things that individuals can do to mitigate the impact of inflation. Here are a few strategies to consider:
1. Manage your budget
The first step in dealing with inflation is to take a hard look at your budget. Identify areas where you can cut back on expenses, such as dining out and entertainment. Consider shopping at discount retailers or buying generic brands to save money on groceries.
2. Invest wisely
Inflation can erode the value of your savings over time, so it’s important to invest your money wisely. Consider diversifying your portfolio with investments that have a history of performing well during inflationary periods, such as real estate and commodities.
3. Negotiate
Don’t be afraid to negotiate prices with service providers and vendors. With inflation, everyone is feeling the squeeze, so there may be more room for negotiation than usual.
4. Pay off debt
Inflation can make it harder to pay off debt, so it’s important to tackle any outstanding balances as soon as possible. Consider consolidating high-interest debt into a lower-interest loan to save money on interest charges.
5. Keep an eye on your credit score
Inflation can also impact your credit score, so it’s important to monitor it closely. Keep your credit card balances low and make timely payments to avoid damaging your credit score.
In conclusion, blaming inflation won’t help anyone. It’s important to take a proactive approach to managing your finances during periods of inflation. By managing your budget, investing wisely, negotiating, paying off debt, and keeping an eye on your credit score, you can weather the storm and come out ahead.
Be satisfied in Christ and having a relationship with the Holy Spirit that brings self control
Only Jesus can satisfy your thirst only Jesus can fill your void
Lol these people dumb as they come
The only "intellectual inconsistency" I see is the two of you, lol. Dave has to be in denial, this show is going to go downhill whenever he decides to hang it up. Do these "personalities" even have basic financial qualifications? So clueless. Hard to cut expenses when food and energy prices are way up. What are you going to do? Not eat? Not have gas or electric?
Inflation…. it use to be that all u wanted when u retire is 1 million….. now it is 5 million, think about this.
0:55 I like the Beastie Boys shirt!
It’s easy to sit up there and talk, when there’s no one with an opposite viewpoint to counter. Inflation definitely is an issue.
Only 69%?
Inflation is much higher than 4%. They are so out of touch with reality.
I think it’s hilarious how 50% of Ramsey content this year is walking people back from the ledge of “the entire US economy is going to collapse because of Joe Biden.”
I mean unless you have family support then you shouldn’t complain about inflation but if your doing things alone yes it’s very difficult the inflation is real. People getting priced out
This whole conversation I interpreted like this. “ I can’t understand why poor people are affected by inflation. “
We are in a good place financially and dont have lifestyle bloat… but these people are grossly out of touch.
Show sucks lol
Must be nice to work at ramsey solutions, you dont have to worry about inflation like the rest of us trailer folk
I strongly disagree, the current and past 15 years at least of inflation is out of control and should not be allowed. We as citizens have to demand better and stop allowing corporations and the government to mismanage our money. We as citizens also have to stop borrowing as stated, but there is absolutely nothing wrong with a lower inflation rate as well. The greed of corporations and the government is way out of hand and we seriously need to "check" them.
Nice shirt Jade!
If people can't afford food or housing are they going to be homeless and starve? Why would they when they can get consumer debt to keep them going a bit longer? Agreed that they should be downsizing and doing lifestyle deflation but the majority won't do that until they have to
This video is completely out of touch with reality
Near record high S&P is "on sale"???
My wife and I make well above the household median income in our area and aside for our house (which we owe less than $100k on at 2.25%), we're debt free. If inflation is a problem for us, I could imagine how much of a problem it is for everyone else.
Taco bell is so expensive now
That's a very easy argument when you are not struggling to make it week to week. Especially for many of Ramsey's listeners.
These guys have been EXTREMELY out of touch if reality lately. Of course they can be cocky with their suggestions. They are already debt free and growing from years before. So they forget how the average person is suffering
Jade is the Megan Markle of the finance world.
Jade and George are two favorites besides Dave.
Everyone go watch Caleb Hammer Financial Audit instead..he is amazing!!
I prefer to go by what milton friedman always said. It's bad and it's going to get worse if keep going in this trajectory.
Can’t agree with this take. It’s time to come back to reality
Not inflation… CORPORATE GREED!!
Little cars are going for double to triple msrp utilities have x3-x5 and food had doubled gas is 2-3 times more what is little about this seriously even the basic food items are at least 50 percent more.
High inflation is indeed a villain. It acts as a hidden tax by reducing the purchasing power of our dollars. I agree that people shouldn't do dumb things and blame inflation for it. But high inflation is a problem and not good for the consumer.