There are certain buzz words that fly around, especially in the world of finance, that people seem to know what they mean, but they do not inherently understand the impact or origins of the concept. Inflation is one of those words. Most of us know that inflation is when the prices of goods and services increase, but do you know why, how, and upon whose authority this is occurring? If not, that is what today's episode is for: understanding all about inflation. Today's episode will cover:
1. What inflation is
2. How inflation is caused
3. How inflation impacts your personal finances
4. How inflation impacts your investing
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow for a discussion of debt in your personal finances juxtaposed with debt of corporations that you may invest in. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)