INFLATION PROOFING YOUR FINANCES - HOW TO PROTECT YOUR MONEY

Merging Life and Money with MJ Caesar

🟦 Inflation is a silent thief that can slowly rob you of your money’s value if you're not careful. It is a major concern for most of us but what does it mean?Well, inflation occurs when the cost of goods and services rises which then diminishes the purchasing power of money. It can have a serious impact on your pocketbook, hence the need to understand how inflation affects you and what you can do to manage its impact.

🟦 I will be taking a closer look at the basics of inflation and some steps you can take to protect your financial stability in such a volatile economy.
Here are some HIGHLIGHTS from this episode.

03:23 The state of play

04:32 A few stats

05:47 Consumer Price Index defined

08:57 What is inflation and how does it work?

09:51 Methods that can help stabilizing prices

11:54 What do economists think?

13:58 Inflation drivers

17:59 Three main reasons prices are going up right now

19:05 How will higher inflation rates affect your finances?

Inflation-proofing strategies

20:26 Revisit your household expenses

21:27 Reassess your savings

21:55 Rethink borrowing

24:18 Re-evaluate your investment portfolio

25:07 Take a look at your pension arrangements

30:49 Quote of the show

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