I think most people know that inflation is not something you want a lot of, but most people don’t know how bad it can really get, and we are starting to see a glimpse of that. My groceries budget went from $200 a month to 250-$300 almost, and I didn’t really change anything, it’s just that the price of the same things that I was buying before went up like crazy.

Now imagine if you have a super tight budget, and you are getting paid the same amount and prices are climbing to the moon, or that you have some savings but not they can’t buy you what you want anymore, or that you’ve been saving for retirement, but now retirement just got more expensive.

In this video, I’m going to tell you what to do, to fight inflation around you.

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1. Prices of Needs Going up ( and just things overall )

Sometimes I’m surprised at is how fast this system reacts

The minute rates go down and it becomes cheap to borrow money ( people start going crazy buying houses and the prices go up )

The minute you flood the economy with a bunch of money ( people start buying stuff like crazy and the prices naturally go up )

And as fed raises rates, the opposite happens or beginning to slow down

But something else also happens as inflation goes up ( so do the prices of services )

For example:

The minute inflation started to show itself in the grocery store, prices of cars and so on

My aunt who cleans houses for a living and has been for a long time now ( started making the rounds and calling her clients and asking for a raise )

And most people didn’t protest because they saw how the price of everything was going up also

My Point is ( how do you Fight that )

In this competitive job market ,where employers are offering extra money, bonuses and so on

If you find yourself in a job that isn’t offering you anything more, then consider asking for a raise, based on marit and also based on current economical trends in your industry

And this jobs in this job market because you can just leave and get another job, but if you have hyperinflation, and bad job market, then the conversation would be different ( that’s not that case here thought )

2. Savings Losing Value ( Emergency Funds )

I know a lot of people that save money like my mom

Some realized whats going on and other don’t realize it

But you save a bunch of money up, and then you realized your savings cant buy you what they use to be able to buy you ( so they become a lot less stable )

My advice for this is always simple:

Only save money for emergencies ( adjust for inflation as inflation hits, every 6-12 months or so ) – or be crazy like me and just add an extra 20-100 bucks a months to adjust for it per month naturally before the fact

Second: only save for short term purchases that are less than 5 years

For example saving up for buying a house, Car, or education

Not all Money has to make you Money: some money just has other jobs that are just as important.

3. Investments Being Worth Less (Margin of Safety )

Imagine you are 65 years old, and you are about to retire this year

And now the cost of groceries are up by 10%, gas is up 60% almost and then transportation is also up by 20%

My point is the cost of living is up by a lot

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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