The problem with inflation is everyone’s fighting it, which can be costly in the form of high fees, high risk, and lost opportunities. But the answer isn’t so complicated. It’s in the reflection on that shiny piece of precious metal: you. If you want to fight inflation, you can do it. Save more. Spend less.
Inflation is nothing new. We’ve been living with it our entire lives. It has a seat at the table. It’s talked about like we know it.
“How much is a gallon of milk?” we ask.
“Can you believe the price per gallon of gas?” we declare.
And yet, inflation means different things to different people. You, my highly successful, fairly wealthy reader, know the score. You know the prices. But the last time I checked, you’re buying almond milk or not drinking milk at all, and you’re not worried about filling up the F-250.
If the promoters had the answers to beating inflation, do you really think they’d be doing what they’re doing?
But someone’s listening to the advertisements. It’s distracting. And it’s not how Your Survival Guy thinks about money.
Believe me, there’s plenty of money out there, even with inflation.
The problem with inflation is that it turns dollars into dimes when someone’s prediction goes wrong.
Don’t be in the prediction business.
Action Line: Compounding only works when there’s something to compound. Don’t risk your money on someone else’s crusade. When you’re ready, let’s talk.
Originally posted on Your Survival Guy.