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Paris: When Times Are Tough Your Survival Guy Finds Opportunities

July 13, 2022 By E.J. Smith - Your Survival Guy

You Survival Guy at the most controversial restaurant in Paris.

Inflation, inflation, inflation. It’s everywhere. But let’s get right down to it. Inflation means different things to different people. If, for example, you’ve worked your entire life, saving until it hurts, you probably have a pile of money to help you through Your Retirement Life.

Sure, it takes some planning, but higher prices shouldn’t keep you from living your dreams. You know how to do without because that’s what saving is—making choices and deferring gratitude. You’re a pro at that.

Remember when air travel used to be a big deal (when you’d drive to Florida instead?) and not the disaster it is today? When travelers dressed up for a trip? Since when did air travel become a commodity? An entitlement? Quite simply, air travel needed to change its business model years ago with higher prices. No government dictate is going to right this ship.

How about inflation (starter homes) for the younger generation? You’ve never been so valued. Hot off a three-week trip to Paris Your Survival Guy can tell you this: You are valued. Workers are worth their weight in gold. If I’m in my early 20s, looking for some work experience, I think I’d start in a Paris kitchen or café. I’d be on the hunt for a job, beginning my lifelong endeavor of compounding experiences and money. The best way I know how to compound money is with income.

Action Line: I want you to have an income stream—a dividend centric investing program you can live with no matter what. Remember though, not all dividend payers are created equal, but this graphic shows you the increases over the last decade (all but 2020). Increases might get harder moving forward. You need to make sure you’re with the ones that will keep paying when times get tough. Maybe we should talk.

Your Survival Guy at the most controversial restaurant in Paris where escargot is served as it must be served: Bubbling hot.

https://www.yoursurvivalguy.com/wp-content/uploads/2022/07/Escargot-Paris.mp4

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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