Financial Sobriety
Financial Sobriety
Episode 79: Inflation Part 1- The Ultimate Silent Financial Disruptor.
Episode 79: Inflation Part 1- The Ultimate Silent Financial Disruptor.
Episode 79: Inflation Part 1- The Ultimate Silent Financial Disruptor.
Tuesday 6th September 2022
Matthew Grishman and Jim Gebhardt discuss how inflation impacts savings and share tips to protect your money in 'Financial Sobriety'.
30 minutes
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Get the buttons here!Inflation: The Hidden Thief of Your Savings
The erosion of your purchasing power is the enemy in the room, and All The Years that I've been doing this.
Imagine waking up one day to find that your hard-earned savings have lost their value. Sounds like a nightmare, right? That's exactly what inflation does, and it's happening right now. In this episode of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt break down the complex beast that is inflation. They chat about how it silently chips away at your income and limits your financial freedom, making it harder to do the things you love.
But don't worry, they also share some practical tips to protect your money from this sneaky financial disruptor. Matthew and Jim dive into the nuts and bolts of what inflation actually is and how we've ended up in this situation. They make sense of terms like the consumer price index and discuss how inflation affects everything from social security to your grocery bill.
And if you've been hearing about the Inflation Reduction Act but aren't quite sure what it means for you, they've got you covered. The hosts offer a balanced view on what this legislation aims to achieve and its potential impact on your wallet. But it's not all doom and gloom. Matthew and Jim sprinkle in their personal stories and experiences with inflation, making the topic relatable and even a bit entertaining.
They emphasize the importance of recognizing how inflation erodes purchasing power and why it's crucial to have a long-term financial strategy. Whether you're just starting to think about your financial future or are already knee-deep in planning, this episode offers valuable insights and actionable advice. So, if you're concerned about how inflation might be affecting your savings and investments, tune in to this episode of 'Financial Sobriety'.
Matthew and Jim will guide you through understanding this silent financial disruptor and help you take steps to safeguard your financial future.