Is Inflation Suffocating your Cash? Here's how to Combat It.

<p>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. <br/><br/><b>Outline of the show</b><br/>Where do we stand with inflation? []<br/>How inflation hurts our wallets []<br/>How to combat inflation []<br/><br/><b>Where do we stand with inflation?<br/></b>Inflation is currently running hot. The last official reading was 5.4% year over year. We&apos;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. <br/><br/><b>How inflation hurts our wallets<br/></b>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.<br/><br/><b>How to Combat Inflation<br/></b>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.<br/><br/><b>Articles Mentioned in the Show</b></p><ul><li><a href='https://www.bloomberg.com/news/videos/2021-10-19/this-investment-cycle-was-like-a-meteor-hitting-earth-says-howard-marks-video'><b>Artificially Low Rates Are Risky, Says Howard Marks</b></a></li><li><b> </b><a href='https://www.businessinsider.com/inflation-cpi-september-price-growth-index-economic-data-delta-wave-2021-10'><b>US CPI Inflation Metric Rises 0.4% in September, More Than Forecasted</b></a></li><li><a href='https://foodinstitute.com/focus/food-industry-execs-inflation-could-worsen-yet/'><b>Food Industry Execs: Inflation Could Worsen Yet - The Food Institute</b></a></li><li><a href='https://www.forbes.com/sites/adamstrauss