Has Your Income Exceeded the Rise in the Cost of Living?

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#511: Has Your Income Exceeded the Rise in the Cost of Living?

In this video:

00:28 – Inflation is out of control 

01:19 – What has happened to your income in the last 12 months?

01:55 – What are you doing to help yourself? 

02:52 – Nothing beats trading the Forex market 

04:50 – A link to FX2Funding

05:30 – Client makes +26.33% in 1 month

06:23 – Blueberry Markets

06:50 – Consider trading now

Has your increase in your income in the last 12 months kept up with or exceeded the rate of inflation where you live? Let's talk about that and more. Right now.

Hey there, traders. Is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 511.

Inflation is out of control 

So today I want to talk about inflation. I've talked about it in the past and here we are now, many months later, with inflation still continuing to spiral right around the world. All around the world, it doesn't matter what country you live in.

Inflation is getting higher and higher. The cost of living is going up and up. The cost of your food, the cost of travel, the cost of everything is getting out of control. And it doesn't look like it's going to stop any time soon. Add on to that the increase in interest rates, which we'll continue to see right around the world, despite many months ago, a lot of the experts saying they were going to stop and peak and then potentially fall.

That's not happened. Interest rates continue to go up. So anybody with any form of loan, mortgage debt, it's just getting harder and harder and harder to pay that.

What has happened to your income in the last 12 months?

So my question to you today is this. “What has happened to your income in the last 12 months?” “Has it gone up by the rate of inflation?” or “Has it gone up more?” because it should have at least gone up by that rate.

Ideally, more than that rate for your country, because if it hasn't, you've gone backwards in the last 12 months of working hard. And that's quite a scary thought for people. So how do you think about that and answer that for you and your situation.

What are you doing to help yourself? 

Also, what are you doing about that? If your income has not exceeded inflation and interest rate and your general cost of living increase in the last 12 months?

What are you doing about that? Because unfortunately, so many people procrastinate. They look around, they think they're going to do something. They have all these wonderful ideas. They hear something like this and they go, Yeah, I'm going to do something. Six months later. Guess what? They've done absolutely nothing. Why? Because it's a little bit harder to go and make a decision, a little bit harder to go and do something.

It's easier to sit on the couch and watch rubbish on Netflix or something like that. And so that becomes the issue. People need to actually get a kick up the bum and be motivated in inflation and interest rates continuing to climb. And probably incomes not really ought to give you that kick that you need. So what are you going to do about that today, right now?

Nothing beats trading the Forex market

Now, from my point of view, I know of nothing better than the forex market and trading to actually help to overcome this situation and to improve things for you because it has very low risk, it has very low cost of entry. You think about, let's say, going off to university and getting yourself a degree in three, four, five, six, seven, eight years, depending on what you're doing and, you know, and coming out with massive debt.

And then you still need to go and get yourself a job and claw your way and debt and then still be an almost slave to the system because you still have a jo...