HOW TO BUILD WEALTH DURING HIGH INFLATION
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KEEP IT 100 PODCAST EP 21 | NOT THE POP-TARTS
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Why does inflation matter for your financial future?
Let’s face it we have all experienced some level of inflation in action regardless if we knew it or not. Prices of the everyday items we purchase go up over time. Normally this is gradual, and this is exactly why things you may remember from your childhood cost more today. School lunches that use to cost a couple of dollars have grown to $5-$10 in some school districts. With recent events, inflation and its impact on the day-to-day lives of most Americans have been exaggerated to new levels.
What you can do?
LISTEN, LEARN, AND LAUGH with us at Keep It 100 Podcast obviously we have the gems you need.
Here in episode 21 of Keep It 100 Podcast Julian, Jordan, and Danisha break down a few different ways to stay ahead of inflationary impacts to your assets.
TAKE CONTROL OF YOUR SUCCESS
The Keep It 100 Podcast hosts come from different business disciplines. So naturally, they each have some different perspectives to offer when it comes to protecting your assets in high inflationary periods.
Protect against Inflation from an Equity Investment Perspective
Look for companies with strong management. Watch or listen to earnings calls. Price isn’t everything in inflationary times you need to know what plans companies have for your dollar.
Now more than ever PAY ATTENTION TO THE FINANCIAL FUNDAMENTALS.
Continue to dollar cost average. Consistently buying will be your best friend when the dust settles.
Review your asset allocation. We arent saying pull it all out and, “bet it all on black” ,but if you are equity rich and bond poor now may be a solid time to speak with a licensed advisor on re-balancing into some High-yield bonds or REITS(real-estate investment trust)
Protect against Inflation from an Insurance Perspective
Get familiar with your policy, and make adjustments where you see gaps
Investigate the policy riders and the need for umbrella’s or other policy enhancements
Check-in with your agent. If you have a hard time getting the support you need maybe now’s the time to check in with someone who has more focus on customer experience. Check out missdanisha.com to set up some time to speak with Danisha Bown get a personal touch and review your insurance needs.
Protect against Inflation from a Real Estate Perspective
JUST HOLD. Income-generating property is great in these times. As the money supply increases the value of your debt on that home decreases. So its like your making more because you paying less.
Cash in on your equity to look for more deals
Get real estate exposure with companies that have large real estate footprints like McDonals (MCD) or look into REITS(Real Estate Investment Trust)
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