Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

What Does Inflation Mean to You?

March 10, 2023 By E.J. Smith - Your Survival Guy

By SERSOLL @ Shutterstock.com

Do you remember the 70s? I do. I remember that I could ride my bike to the pharmacy and get a candy bar for $0.25. My mom would tell me she could get five for a quarter when she was a kid. I’d think, “How can that be possible?”

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Nowadays, it’s not even close. But I haven’t bought a candy bar in a while.

Scooping ice cream in the 80s, I would serve two scoops for $0.50. Later when we’d take our own kids out for ice cream, I’d spend about twenty bucks. Inflation is a thing. But it means different things at different times in your life.

Imagine if you could have locked in interest rates in the teens back in the eighties and had them for the rest of your life. Well, think about that for a second. If ten years is a good chunk of your retirement, why not consider some of the more attractive rates today? The road to riches is one of baby steps over a lifetime and making good decisions.

Yes, inflation means different things to different people—even in your own family, for that matter. If you’re a saver, and chances are if you’re reading Your Survival Guy you’re a saver, then you know you need to take action to protect what you make.

We’re not looking for the perfect here. We’re looking for what’s decent right now.

Action Line: Stick with me. We’ll get through this. When you’re ready to talk, let me know.

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.

Related Posts

  • Biden IGNORES Annual Inflation
  • Who Says There’s no Inflation?
  • My Investing Focus: Energy, Inflation, Dividends, Corporate Bonds
  • A Recipe for Inflation Shock
  • Author
  • Recent Posts
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

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Survival Guy Fishing with Dolphins - September 25, 2023
  • Wellington and Wellesley Funds Not Managed by Vanguard - September 22, 2023
  • Remembering Jimmy Buffett: The Oldest Surfer on the Beach - September 22, 2023

Dick Young’s Must Reads

  • Marry Compound Interest, Divorce Market Timing
  • In Chicago, Education Connects the Dots
  • The Forgotten America
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • Washington Is the Systemic Risk
  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • My Smith & Wesson Revolvers Home Defense Team
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • Meet Me at Freddy’s June 2022

Our Most Popular Posts

  • A High-Speed Collision with Reality
  • Will the UAW Get What It Wants?
  • New York Finds a New Way to Harass Gun Owners
  • Americans Are Not Happy with Bidenomics
  • Ron Paul Exposed the Fed and the Neocon Scam
  • Don't Tread on America's Children
  • Bidenomics Gutting Real Household Income
  • “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • So Much for Mozart
  • Wellington and Wellesley Funds Not Managed by Vanguard

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Inflation Could Kill Social Security
  • Will the Fed Hold Up Its End of the Bargain?
  • Should America Move Closer to the Saudis, or Push them Away?
  • Don’t Ask Me When to Haul Your Boat
  • Robot Warehouses Need Better Internet
  • California Mandates Drive Diesel Truck Buying Spree
  • Americans Are Not Happy with Bidenomics
  • Paris’s Big Plans for the Champs-Elysées
  • A Plan for Cutting Federal Government Spending

RSS Yoursurvivalguy.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Remembering Jimmy Buffett: The Oldest Surfer on the Beach
  • The Folly of Windmills from Nowhere USA
  • NYC Rolling Out the Robocops
  • Will the Fed Hold Up Its End of the Bargain?
  • Are Most NFTs Now Worthless?
  • 2ND AMENDMENT ALERT: Biden to Create New Anti-Gun Office
  • Don’t Ask Me When to Haul Your Boat
  • You May Be Surprised by America’s “Least Woke City”
  • GREENWASHING: What’s in a Name?

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

Speaking of Bad Ideas …

The Single Worst Market Timing Event in History

Your Survival Guy Fishing with Dolphins

“But What Happened to Eggs?”

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives