Ah, inflation, the age-old monster in the money closet. It also happens to be a HOT topic of conversation these days. But right off the bat, we’re going to say, word to the wise, dial your panic down. Sure, there has been lots of press about it this year, but it’s also been a very different year than we’re used to. The COVID-19 situation has definitely impacted our economy, without a doubt, but that doesn’t mean we’re going to see the inflation rate skyrocket. There is a lot more to it. And we want you to have a clear understanding and knowledgeable insights, so you and your loved ones don’t have to worry.
So, in today’s episode, we will talk about EVERYTHING. This includes:
- The history of inflation
- What causes it
- How it’s managed
- What stops it
- Interest rates
- What to expect next
Looking for that sense of calm to return? We think the insights in this episode will help deliver it, so grab your headphones, download our guide, find a quiet corner, and listen in.
P.S. Looking to meet with Richard or Angela? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life.
“We do have situational inflation because of COVID, which we've explained, the imbalances between supply and demand that drives prices up.”
Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.
A Glance at this Episode:
3:12 – It’s time for some nitty-gritty folks… we’re defining inflation.
6:24 – How do we track inflation?
6:57 – Started at the bottom now we’re here. Listen in to find out how much inflation has gone up since 1967!
7:45 – Richard and Angela talk numbers to help us get an idea of where we stand today.
8:57 – Press play here to find out just how much of an increase in the cost of living there was between 1978 – 1981.
11:37 – What the heck causes inflation in the first place?
12:23 – Start listening now to find out two industries where we’re seeing higher inflation and what’s helping drive it.
13:11 – This is how the government tries to help manage inflation.
15:17 – Reality check! It’s time to distinguish between situational inflation and systemic inflation.
16:11 – This is how the inflation problem will work itself out.
17:29 – What if the fed prints too much money?
18:33 – It’s time to discuss hyper-inflation and squash those headlines.
20:02 – Here’s the real question? Are we destine for big inflation?
22:00 – Did you know interest rates and inflation are correlated? Fun fact the fed has been doing a great job at managing the economy and inflation rate, but you’ll have to listen to find out how!
24:38 – How the heck is the internet keeping inflation at bay?!
27:11 – LISTEN NOW! For eight investment assets that will help protect you from inflation!
34:45 – It’s time for some Q&A – Are gas spikes situational or systemic?
36:09 – Are government policies sustainable? How long before we have a problem?
40:05 – Is it smart to buy real estate now?
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