Inflation is high; we discuss the strategy we both use to help clients understand and plan for it. We haven't seen inflation figures like this in 30 years. Before trying to beat inflation, the first step is to look at the underlying emotions evoked by talk of inflation. The #1 question to ask yourself is: what is it that I’m ACTUALLY afraid of? a. …of being dumb with my money? b. …of not being able to afford things in the future? c. …of running out of money because prices go up? The second step it so look at the facts. That sounds silly, but the emotions that fear can stir up often lead us to a downward spiral of thinking, so it can be really helpful to step back from our feelings and look at the facts without judgement. The third step is to act. The strategy both John and Bridget use to take advantage of inflation is to buy stocks, have a fixed mortgage, and buy I-bonds. Check the minute marks: 0:40 Step One Understanding the emotions that inflation evokes :40
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 :)