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🟦 Inflation is a silent thief that can slowly rob you of your money’s value if you're not careful. It is a major concern for most of us but what does it mean?Well, inflation occurs when the cost of goods and services rises which then diminishes the purchasing power of money. It can have a serious impact on your pocketbook, hence the need to understand how inflation affects you and what you can do to manage its impact.
🟦 I will be taking a closer look at the basics of inflation and some steps you can take to protect your financial stability in such a volatile economy.
Here are some HIGHLIGHTS from this episode.
03:23 The state of play
04:32 A few stats
05:47 Consumer Price Index defined
08:57 What is inflation and how does it work?
09:51 Methods that can help stabilizing prices
11:54 What do economists think?
13:58 Inflation drivers
17:59 Three main reasons prices are going up right now
19:05 How will higher inflation rates affect your finances?
Inflation-proofing strategies
20:26 Revisit your household expenses
21:27 Reassess your savings
21:55 Rethink borrowing
24:18 Re-evaluate your investment portfolio
25:07 Take a look at your pension arrangements
30:49 Quote of the show
Support the show
Connect with me:
Instagram: https://www.instagram.com/the_financiologist_mjcaesar/
Facebook: https://www.facebook.com/merginglifeandmoney
YouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9g
Twitter: https://www.twitter.com/https://twitter.com/mariejocaesar
LinkedIn: https://www.linkedin.com/in/mjcaesar
Click this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom.
Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.
Send us a text
🟦 Inflation is a silent thief that can slowly rob you of your money’s value if you're not careful. It is a major concern for most of us but what does it mean?Well, inflation occurs when the cost of goods and services rises which then diminishes the purchasing power of money. It can have a serious impact on your pocketbook, hence the need to understand how inflation affects you and what you can do to manage its impact.
🟦 I will be taking a closer look at the basics of inflation and some steps you can take to protect your financial stability in such a volatile economy.
Here are some HIGHLIGHTS from this episode.
03:23 The state of play
04:32 A few stats
05:47 Consumer Price Index defined
08:57 What is inflation and how does it work?
09:51 Methods that can help stabilizing prices
11:54 What do economists think?
13:58 Inflation drivers
17:59 Three main reasons prices are going up right now
19:05 How will higher inflation rates affect your finances?
Inflation-proofing strategies
20:26 Revisit your household expenses
21:27 Reassess your savings
21:55 Rethink borrowing
24:18 Re-evaluate your investment portfolio
25:07 Take a look at your pension arrangements
30:49 Quote of the show
Support the show
Connect with me:
Instagram: https://www.instagram.com/the_financiologist_mjcaesar/
Facebook: https://www.facebook.com/merginglifeandmoney
YouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9g
Twitter: https://www.twitter.com/https://twitter.com/mariejocaesar
LinkedIn: https://www.linkedin.com/in/mjcaesar
Click this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom.
Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.