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“It Cost What?” Here’s the Problem with Inflation

August 30, 2023 By E.J. Smith - Your Survival Guy

By Zoriana Zaitseva @ Shutterstock.com

The problem with inflation is everyone’s fighting it, which can be costly in the form of high fees, high risk, and lost opportunities. But the answer isn’t so complicated. It’s in the reflection on that shiny piece of precious metal: you. If you want to fight inflation, you can do it. Save more. Spend less.

Inflation is nothing new. We’ve been living with it our entire lives. It has a seat at the table. It’s talked about like we know it.

“How much is a gallon of milk?” we ask.

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

“Can you believe the price per gallon of gas?” we declare.

And yet, inflation means different things to different people. You, my highly successful, fairly wealthy reader, know the score. You know the prices. But the last time I checked, you’re buying almond milk or not drinking milk at all, and you’re not worried about filling up the F-250.

If the promoters had the answers to beating inflation, do you really think they’d be doing what they’re doing?

But someone’s listening to the advertisements. It’s distracting. And it’s not how Your Survival Guy thinks about money.

Believe me, there’s plenty of money out there, even with inflation.

The problem with inflation is that it turns dollars into dimes when someone’s prediction goes wrong.

Don’t be in the prediction business.

Action Line: Compounding only works when there’s something to compound. Don’t risk your money on someone else’s crusade. When you’re ready, let’s talk.

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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E.J. Smith - Your Survival Guy
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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E.J. Smith - Your Survival Guy
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