Inflation is a hot topic in the financial world right now. Our YouTube comment section attracts nay-sayers, claiming that the money we want you to invest today will not be worth as much in the future due to inflation. Let’s address this! What is inflation? Why is it concerning? What action items should you take to protect yourself from it? We unpack it all in this episode.
In this episode, you’ll learn:
- The definition of inflation and how it has shown up in the past
- Whether or not we’re living in an inflation period right now
- What financial indicators that will alert you to inflation
- Financial “hedges” to invest in that can protect your finances from inflation
Research and resources in today’s episode:
- Cost Of a Car In The Year You Were Born (Chron)
- Here’s How Much a New Home Cost the Year You Were Born (Go Banking Rates)
- See how many bills it took to buy a chicken in Venezuela (NBC)
- 20 Years In, Have TIPS Delivered? (Morning Star)
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