When the quantity of all the money available in an economy increases, but the quantity of all available goods and services stays the same, it leads to a decrease in the value of each unit of currency, resulting in higher prices. To protect your hard-earned money from inflation, diversify your investments by buying assets that historically have performed well during inflationary periods, such as real estate, stocks, and commodities like gold or silver. They tend to hold their value because their quantity, also know as supply, is not easily increased. As opposed to money supply, that is easily increased by central banks. The key to fighting inflation lies is scarce assets that have demand. #debt #tips #budget #dividend #economy #money #invest #shorts #dividends #credit #howto #retirement #finance #budgeting #investing #stockmarket #inflation #advice #frugalliving #economics #creditcard #budget2023 #retireearly #investment #interestrates #creditcards #creditscore #interest #div
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)