11: Inflation: How You Are Being Robbed By A Stealthy Thief

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 26 December 2014

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

#11: Inflation is like your hidden tax.

Listen to this week’s show and learn:

02:10 Spending is more fun than saving.

03:33 Don’t live below your means.

05:30 Why a “good rate of return” is not enough return for an investor.

07:18 Why millionaires will soon be poor people.

08:45 How currency inflation is invisible.

12:35 Why the stock market must hit all-time highs every day just for you to break even.

13:00 The Consumer Price Index (CPI).

14:47 Why the U.S. and most major nations want more inflation in the future.

15:55 The power of “tilting the chart”.

18:14 How you will beat inflation by understanding real estate leverage ratios.

Resources mentioned:

Consumer Price Index at www.bls.gov/cpi/

[email protected]

Transcript

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0:00.0	Welcome to Get Rich Education with Keith Winehold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else and can provide you with more wealth and
0:22.8	happiness than you ever thought possible now here's your host investor entrepreneur
0:29.2	business owner and educator Keith Weinhold welcome to the get rich education podcast show number 11. I am your host, Keith Weinhold. With listeners in over 90 countries, it's the show where I've just been giving away all of my best investor information. Now, among real estate investments, I've been fortunate enough to be a successful
0:55.3	investor ever since I bought my first 4plex building in 2002, and then I branched out nationally
1:01.8	and internationally. My show gives you all my best investing ideas and insights, and some for starting
1:08.4	your own business, too. I even hook you up with my contacts
1:12.6	for all this, like I've already begun to by showing you how to invest in profitable real estate
1:18.4	with little research through leveraging Terry Kerr's expertise in episode nine. Today, I want to ask you,
1:27.1	how can the net worth of everything that you own be worth
1:31.2	more dollars today than it was a year ago, yet you still have less wealth than you did a year ago?
1:39.3	Phrased another way, how can the value of your investment portfolio be worth more dollars than ever,
1:46.0	yet your prosperity has gradually diminished?
1:49.8	You want more dollars, right?
1:51.6	I do too.
1:52.7	Yep, I'm generally in favor of that.
1:54.9	I agree.
1:55.9	But how do you adjust for when dollars, euros, or pesos are worth less today due to their diminished
2:02.7	purchasing power because of inflation?
2:06.3	All right.
2:07.1	Spending money is more fun than saving money.
2:11.3	Yes, spending is more fun than saving.
2:14.1	You already knew that, right?
	...

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