Welcome to this week’s episode of Money & Investing Show where Mitch Olarenshaw and I tackle the impact of inflation on personal finances as well as investments.
How do you manage these challenging times?
We start by explaining what inflation is and how it affects everyday expenses, the phases of inflation, from initial denial to the more challenging periods where lifestyle adjustments become necessary.
How inflation impacts investments
Hear insights on how different asset classes – like stocks and real estate – respond to inflation.
We’ll look at the importance of maintaining purchasing power and offer strategies for investing in assets that typically perform well during inflationary periods, such as gold and quality stocks.
And we cover practical tips for managing personal finances in an inflationary environment: The benefits of holding real assets; the potential pitfalls of saving cash; and, the importance of making strategic financial decisions.
For more tips and strategies, visit wealthplaybook.com.au and grab a copy of our latest bestselling book.
For more information about Money and Investing you can go to the podcast at http://www.moneyandinvesting.com.au/; The Wealth Playbook: Your Ultimate Guide to Financial Security: https://www.wealthplaybook.com.au/, and The Wealth Playbook on Audible: https://www.audible.com.au/pd/The-Wealth-Playbook-Audiobook/B0CXYYWZTB?qid=1711282387
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.