Aug 2, 2022
Over the last few months, you’ve probably heard the word “inflation” numerous times. Inflation refers to a general progressive increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. So, how does this impact you and your goals? In this episode, I will break down this topic in depth so that you feel confident in your understanding of inflation.
Listen in as I explain the pros and cons of inflation, as well as the cause behind the inflation we are currently experiencing. You will learn what you can do to protect yourself, the importance of knowing what your financial situation is, and how to set realistic financial goals throughout this time period.
“We need to know realistically what our goals are, and we need to know how much money is coming in and how much is going out.” - Tracey Bissett
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