Finance for Physicians

Navigating High Inflation Periods

Listen Later

Inflation is happening, and there are a lot of different perspectives on it. Most people view it negatively, but it doesn’t have to be that way. It’s not as scary as they make it out to be.

In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about inflation—what it is, the backstory behind it, how it works, what to consider, and how to navigate the changing environment.

Topics Discussed:
  • What is inflation? When prices increase over time
  • With or Without Inflation: Supply and demand to survive and drive up prices
  • Government Involvement/Responsibility: Makes money, pricing more complex
  • How It Works: Stimulus payments save jobs and give people money to spend
  • Short- vs. Long-term Inflation Spike: Data shows short-term blip will correct itself
  • Rule of 72: Translate percentage return to time period to when it doubles the cost
  • How susceptible are you to inflation? Go back to basics and refer to Inflation 101
  • Physician’s Income: At minimum, compensation needs to keep up with inflation
  • How susceptible are assets to inflation? Depends on efficiency (i.e. cash, stocks)
  • Beware: Avoid fear, manipulation, people selling scams due to hyper-inflation
  • Takeaways: Understand inflation basics - general awareness, keep pace with it
    • Links:

    Inflation 101: What You Need to Know About Inflation

    Consumer Price Index (CTI)

    Contact Finance for Physicians

    Finance for Physicians

    ...more
    View all episodesView all episodes
    Download on the App Store
    Finance for PhysiciansBy Daniel Wrenne
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    39 ratings

    More shows like Finance for Physicians

    View all
    Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

    Afford Anything | Make Smart Money Choices

    3,565 Listeners

    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,242 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    816 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,312 Listeners

    ChooseFI | Financial Independence Podcast by ChooseFI

    ChooseFI | Financial Independence Podcast

    5,156 Listeners

    White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

    White Coat Investor Podcast

    2,455 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    694 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,081 Listeners

    Bogleheads On Investing Podcast by bogleheads

    Bogleheads On Investing Podcast

    616 Listeners

    Sound Investing by Paul Merriman

    Sound Investing

    348 Listeners

    Money Meets Medicine by Doctor Podcast Network, Jimmy Turner MD

    Money Meets Medicine

    227 Listeners

    The Personal Finance Podcast by Andrew Giancola

    The Personal Finance Podcast

    1,435 Listeners

    The Rob Berger Show by Rob Berger

    The Rob Berger Show

    200 Listeners

    Personal Finance for Long-Term Investors by Jesse Cramer

    Personal Finance for Long-Term Investors

    158 Listeners

    Retirement Planning Education, with Andy Panko by Andy Panko

    Retirement Planning Education, with Andy Panko

    1,062 Listeners