184 Understanding Inflation So You Can Navigate It Throughout 2022

It is not surprising to learn people become fearful of inflation because it affects their livelihood. Make no mistake about it the price of food, gas, and other products and services are making life tougher for people because the income people earn does not increase at the rate goods and services increase.

Inflation means people pay more for less and this is what drives fear. For example the price of eggs, bread, and milk have increased so much over the past six months  that it is driving people to make tough choices between eating and having a roof over their heads.

Here are a few tips to assist in navigating inflation: 

As the threat of continued inflation looms, consider these strategies to hedge against inflation:

• Maintain a budget.
• Spend less than you earn.
• Delay purchases of goods are severely affected by inflation.
• Build skills and work toward a promotion or raise to keep up with costs.
• Set clear, appropriate goals.
• Maintain a well-balanced, diversified investment portfolio.
• Choose an asset mix that suits your goals.
• Stick to the plan.

Consider a few of these strategies and if they can serve you, use them to help you navigate this inflationary period we are in.  Tune in to listen to this episode with Paul Lawrence Vann and over 184 episodes at this link  https://bit.ly/3n84XSF