Important Facts to Combat Inflation: 6 Key Points

These are a few things I'm doing to counteract inflation in 2023. If you do this right, you can save thousands of dollars depending on how much you make/spend. everything mentioned in this video: CREDIT CARD -3% Cashback Credit Card: BANKING SoFi 4.0% APY Savings Account: Capitol One 3.4%: INVESTING APPS -Sofi Investing: -Public: -Robinhood: Rakuten: Series I Bonds: This video is not sponsored, these are all companies that I use myself. I've used the referral links they each provide so that we can both get a bonus! disclaimer: this is not financial advice. consult a financial advisor for your situation. 0:00 Inflation is out of control 0:48 #1 trader joes 2:10 #2 - 3% cashback credit card on EVERYTHING 3:59 #3 - high interest savings account 5:15 how they can pay higher savings account rates 8:09 #4 - Investing in 2023 11:01 #5 Extra cashback with Rakuten 12:34 Series I Bonds Vlog Channel: Instagram: Twitter: @shelbychurch Snapchat: shelbychurch Follow me on LinkedIn: For business inquiries please contact shelby.church@a3artistsagency.com and churchshelby@gmail.com...(read more)

---

LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

---

6 Things You NEED to Know to Fight Inflation Inflation - the gradual rise in the prices of goods and services over time - is a concern for individuals and economies alike. It erodes the purchasing power of money and can have a negative impact on savings, investments, and overall economic stability. In order to protect ourselves from the effects of inflation, it is important to understand its causes and how to combat it. Here are six things you need to know to fight inflation: 1. Understand the causes: Inflation can be caused by various factors, including excessive increases in the supply of money, increases in production costs, and changes in consumer spending habits. Central banks play a crucial role in managing inflation by implementing monetary policies that aim to control money supply and interest rates. 2. Monitor economic indicators: Keeping an eye on key economic indicators can provide valuable insights into the state of the economy and potential inflationary pressures. Indicators such as consumer price index (CPI), producer price index (PPI), and wage growth can help gauge the pace of inflation and inform your financial decisions accordingly. 3. Diversify your investments: Inflation erosion can be particularly detrimental to traditional savings accounts. To counter this, diversify your investments by allocating funds to assets that tend to perform well during inflationary periods, such as stocks, real estate, and commodities. These assets have historically provided a hedge against inflation by maintaining or increasing their value as prices rise. 4. Embrace risk management: Inflation can introduce volatility and uncertainty into markets. By adopting smart risk management strategies, such as setting stop-loss orders or ensuring a balanced portfolio, you can mitigate potential losses and protect your wealth. Consult a financial advisor to develop personalized risk management strategies that suit your investment goals. 5. Increase income streams: Inflation erodes the value of fixed-income sources, such as salaries or pensions. To counter this, explore opportunities to increase your income streams. Consider investing in additional skills or assets that generate passive income, such as rental properties or dividend-paying stocks. By diversifying your income, you can potentially offset the effects of rising prices. 6. Budget wisely: Managing your finances with inflation in mind is crucial. Keep track of your expenses and budget wisely to ensure you have enough funds to cover rising costs. Prioritize essential expenses and consider reducing discretionary spending. Additionally, seek out periodic cost savings and promotions to maximize your purchasing power. In conclusion, fighting inflation requires knowledge, awareness, and proactive financial planning. By understanding the causes of inflation, monitoring economic indicators, diversifying your investments, managing risks, increasing your income streams, and budgeting wisely, you can better protect your wealth and navigate through inflationary periods. Stay informed, adapt your financial strategies, and consult professionals to ensure your financial well-being in the face of inflation. https://inflationprotection.org/important-facts-to-combat-inflation-6-key-points/?feed_id=114087&_unique_id=64a4537ad493d #Inflation #Retirement #GoldIRA #Wealth #Investing #Church #shelby #InvestDuringInflation #Church #shelby