Prepare Now For MORE Pain As Inflation Goes Up (Do This NOW). The latest inflation numbers are out and they are good and bad. CPI and Core PCE inflation numbers look good and bad. On this quick video, I explain why Americans should be preparing for more pain, and what we should be doing now, based on the latest inflation numbers. I discuss the latest GDP numbers, the latest inflation numbers, the latest labor market numbers, and the FEDs next possible decision regarding the fed funds rate. Let's jump in to it.... **Other U.S. Economy Videos To Check Out** __________ ** 1 on 1 Financial Coaching and Mentoring** 📌 📌 Schedule your 1 on 1 here: **Sign Up For Our Weekly Money Updates** 📌 smartmoneybro.com/subscribe/ __________ ** SAY HI ON S O C I A L ** Website: Facebook: Instagram: 🧩 Contact Me: ericbowie@smartmoneybro.com ▶️ Enjoy my content? Leave me a Tip here: **Check out a few of our trusted affiliates** ⭐TEACHABLE - Start making money from Coaching and Courses: ⭐FIVERR - Start making money selling your services: ⭐CONVERTKIT to build your own personal email list: ⭐STREAMYARD - For live streaming. It's easy to use and EXTREMELY user friendly! AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. __________ 🧩 DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. You should always get professional financial advice from a financial advisor near you. The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions. 🧩 Spoiler Alert: There are no "get rich" programs. Rather, the basic foundation for financial success. ⚠️ Smart Money Bro "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.Do...(read more)
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Prepare Now For MORE Pain As Inflation Goes Up (Do This NOW) Inflation has always been a factor in the economy, but recent events have led to a significant rise in inflation rates. As prices of goods and services continue to climb, it is essential to take immediate action to protect ourselves from financial hardships. Here are some steps you can take today to prepare for the impact of increasing inflation. 1. Assess your spending habits: Start by analyzing your monthly expenses and identify any areas where you can cut back. Look for non-essential items or services that you can temporarily eliminate or reduce. By tightening your budget, you'll be better prepared to handle higher prices without compromising your financial stability. 2. Build an emergency fund: Saving for unexpected expenses is crucial during times of inflation. Begin setting aside a portion of your income regularly in a separate account specifically designated for emergencies. This will provide a financial cushion to help you cope with rising costs and unexpected inflation-related challenges. 3. Diversify your investments: Inflation erodes the value of money over time, making it essential to preserve and grow your wealth. Consider diversifying your investments across various asset classes, such as stocks, bonds, real estate, or commodities. Diversification can help protect your portfolio from inflation's adverse effects and potentially provide growth opportunities. 4. Pay off high-interest debts: It's prudent to prioritize paying off high-interest debts to avoid unnecessary interest charges that can significantly eat into your budget. With inflation on the rise, interest rates may also increase, increasing your debt burden. By tackling high-interest debts now, you can reduce future financial stress. 5. Focus on income growth: Look for opportunities to increase your income or diversify your earning potential. Explore side hustles, freelance work, or pursue upskilling or education to enhance your qualifications and open doors for higher-paying job prospects. Growing your income will help offset the impact of inflation on your household budget. 6. Shop smartly and compare prices: As prices rise, it becomes crucial to compare prices before making any purchases. Consider utilizing price comparison websites, shopping during sales or promotions, and seeking out discounts or loyalty programs. Being a savvy shopper can help you stretch your budget and mitigate the impact of inflation. 7. Invest in inflation-adjusted assets: Consider investing in assets that tend to perform well during periods of inflation. These may include commodities like gold or silver, treasury inflation-protected securities (TIPS), or real estate. Such investments provide a hedge against inflation by adjusting their value with rising prices. 8. Stay informed: Keeping a close eye on economic trends and staying informed about inflation forecasts can help you make well-informed financial decisions. Stay up to date with the latest news, consult financial experts, or join online communities focused on personal finance. Understanding the current state of the economy will enable you to adjust your strategies accordingly. Inflation can have a detrimental impact on our personal finances if we are not adequately prepared. By taking proactive measures and implementing the tips mentioned above, you can better navigate the challenges of rising inflation. Remember, it's better to be proactive now than to face unnecessary financial pain in the future. https://inflationprotection.org/take-immediate-action-as-inflation-surges-brace-yourself-for-enhanced-suffering/?feed_id=128416&_unique_id=64de854cb9e9a #Inflation #Retirement #GoldIRA #Wealth #Investing #americandollar #AmericanInflation #dothisnow #Dothisnowwheninflationgoesup #fedfundsrate #federalreserve #higherinflation #inflation #inflationgoesup #inflationreport #inflationwarning #inflationwarningpreparenow #interestrates #Moreinflation #prepareforhigherinflation #PrepareNOWForMOREPainAsInflationGoesUpDoThisNow #pricesgoingup #pricesrising #unemployment #useconomyupdate #InvestDuringInflation #americandollar #AmericanInflation #dothisnow #Dothisnowwheninflationgoesup #fedfundsrate #federalreserve #higherinflation #inflation #inflationgoesup #inflationreport #inflationwarning #inflationwarningpreparenow #interestrates #Moreinflation #prepareforhigherinflation #PrepareNOWForMOREPainAsInflationGoesUpDoThisNow #pricesgoingup #pricesrising #unemployment #useconomyupdate
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