010: Inflation is Here and it's Not Going Away
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And once again we’re rolling … LIVE from the new FSR Wealth Strategies studio, this episode of The Retirement = Freedom Podcast takes on a financial bogeyman that impacts absolutely everyone. We’re talking: Inflation. And, sorry folks, but it’s here to stay. Host Josh Bretl breaks down what it means in user-friendly economic terms while co-host Dave Schmidt ponders what it means in terms of bacon. (Tune in to find out why it all make sense.)
Unless you’ve been completely off the grid, you’ve winced at the steep hikes in price for gas, food and just about everything else. And you no doubt have asked: Why? What has caused this phenomenon that until now many of us have never experienced? Well, Josh clues us in by sharing both the definition of inflation and its actual causes in a way that everyone (even artsy friends like Dave) can understand.
You’ll also learn some tricks for hedging against the steady decline in your dollar’s spending power – defensive maneuvers that any financial plan must include. If you’re retired or plan to be soon, count on inflation as a factor in your budget and find out what you can do to ensure that the money you want to spend is there for you – and worth as much next year as it is today!
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