Today I talk about inflation. Specifically, I talk about where we stand today with inflation, reasons it may subside, and reasons it may continue. I then discuss why it is so damaging to our wallets and cover the specific ways we can combat inflation.

Outline of the show
Where do we stand with inflation? [1:25]
How inflation hurts our wallets [11:45]
How to combat inflation [15:00]

Where do we stand with inflation?
Inflation is currently running hot. The last official reading was 5.4% year over year. We've certainly seen much higher inflation at the grocery stores and the pump. The question is, are we going to have sustained high inflation, or will it subside? I talk about a few reasons for both outcomes.

How inflation hurts our wallets
Inflation is terrible for cash. It eats away at the value of our money. If you have $100,000 in the bank, and over the next twelve months, the price of goods inflates by 5%, you effectively are left with 95,000 dollars. That is the problem will inflation.

How to Combat Inflation
Starting from super conservative to adding on some risk, I cover the options to put our cash in places that will protect us better from inflation. From high-yield savings accounts to stocks, I talk about several choices we have.

Articles Mentioned in the Show

• Artificially Low Rates Are Risky, Says Howard Marks
•  US CPI Inflation Metric Rises 0.4% in September, More Than Forecasted
• Food Industry Execs: Inflation Could Worsen Yet - The Food Institute
• Here Are Six Reasons Why Inflation Will Not Be Transitory

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