4 Ways To Bust Inflation with Dr. James Martin DWI-EP145
Dentists Who Invest Podcast
English - May 30, 2023 06:00 - 18 minutes - 12.6 MB - ★★★★★ - 1 ratingMedicine Health & Fitness Education dentist dental finance investing money wealth crypto stocks invest dentists Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Probing the silent killer of inflation, we bring to light how this economic phenomenon silently erodes our purchasing power. Ever wondered why your favorite Fredo bar keeps getting expensive? It's not just about the price hike; it's about the silent depreciation of cash value. Inflation, averaging 3% year-on-year, makes it increasingly expensive to buy the same item. To protect your wealth from this silent cash value killer, we reveal investing as your first line of defense.
However, it's not just about investing; it's about investing smartly. We delve into the dual advantages of investing in an appreciating asset - the growth in value and the potential to earn more than the loan's interest when it's lower than inflation. Moreover, we uncover how running a business can match cash flow with inflation while also appreciating the asset's value. Ever thought about dental practices as a form of investment? We'll show you how they can be a great inflation-busting asset. Additionally, we emphasize the power of continuous skill development in generating wealth and outpacing inflation. So tune in, and let us take you through four of the most effective strategies to beat inflation.