EPISODE #245: Inflation, VAT and Why Whole Food Can Save You Money
Peso Smart PH: Investing in the Philippines
English - July 11, 2022 12:30 - 17 minutes - 16 MB - ★★★★★ - 1 ratingInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Our inflation rate here in the Philippines just hit 6.1% for the month of June. And for 2022 so far, the average is at 4.4%. So if your savings is sitting on a bank, let's say 1M, the buying power of that 1M today is just around 956k. In this episode, we discuss how inflation affects our money and how avoiding paying VAT (by buying whole foods) can save you some money.
💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.
📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.
#inflation #VAT #wholefoods
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