255: Inflation Rate – Is it Accurate?

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 17 November 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Johnny and Derek do a one-on-one episode to talk about the effects of inflation across the World. Although media outlets may make it seem like inflation is solely an American issue, it is something that affects every country. Johnny and Derek will go over their next travel plans and what they are seeing in each of their respective locations as far as inflation is concerned. Johnny also gives advice on some hacks to fight inflation that anyone can use to their advantage.

Listen to ILAB 255 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Moldova / IG @johnnyfdj
Sam Marks – Japan / IG @imsammarks
Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

Indeed
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Discussed:

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Time Stamp:

04:50 – Why is it that Spending US in other countries an inflation hack?
14:13 – Is it better to exchange currency in the US or in the country you are traveling to?
16:09 – Which countries have the lowest and highest inflations?
19:10 – How does the US compare to the rest of world with inflation?
25:44 – Has Derek felt the effect of inflation?
32:30 – How is the inflation rate calculated?
34:55 – Do you think Gas and electricity is high or low now in the US?
39:07 – Has the cost of some electronics reduced?
45:06 – How has the cost of clothing and apparel changed?
47:20 – What about real estate and how has inflation had an effect?
52:40 – How has inflation affected purchase of new and old cars?

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Transcript

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0:00.0	What is up bosses? Before we kick off this episode, I want to tell you about our sponsor this week, Indeed.com. When you're hiring for your business, there's usually a choice.
0:09.9	Hire fast or hire well. But what if you want to do both? Then you need Indeed. Indeed is the hiring platform where you can attract interview and hire all in one place.
0:21.5	Don't spend hours on multiple job sites looking for candidates with the right skills
0:26.5	when you can do it all with Indeed. Indeed has a powerful suite of hiring tools,
0:32.0	which I'm going to tell you all about during the break in the show. But if you want to get
0:36.1	started right now, you just got to head over to Indeed.com slash iLab.
0:41.2	Indeed knows when you're growing your own business,
0:43.6	you have to make every dollar count.
0:45.4	That's why with Indeed,
0:46.5	you only pay for quality applications
0:48.5	that match your must have job requirements.
0:52.1	So visit indeed.com slash iLab to start hiring now. That's Indeed.com
0:57.8	slash I-L-A-B. Terms and conditions apply. Need to hire. You need indeed. All right, let's kick
1:04.6	off this episode of Invest Like a Boss. Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD.
1:11.9	We're self-made entrepreneurs who invest our own money and use modern technology to invest
1:15.7	like a boss.
1:16.5	Join us each week for exclusive interviews with our network of modern investors,
1:20.0	business owners and multimillionaires to discover new ways to invest our hard-earned
1:23.7	cash.
1:26.9	Hey boss is this Johnny and welcome to episode 255 of the Invest Like a Boss podcast.
1:34.0	It's been about a month since I've been in Greece by the time this comes out.
1:39.9	And today, I should be in Madova, Chisinau Madova if all things go well.
	...

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