Creative Capital Podcast 180: How to Overcome 9% Inflation

Creative Capital

Josh Ferrari

Investing, Business

5 • 1.1K Ratings

🗓️ 19 July 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation is 9% and rising, absolutely eroding the value of time. It’s very important for you to understand what is actually happening here…

1. In 2021 you worked 1880 annual work hours for $100k. Congrats!

2. In 2022 you worked the same 1880 annual work hours but you now only have $91k buying power and lowering

3. In 2023, you work the same hours with even less money for your family

4. Here comes the gut punch... you’ve also been in the 24% Federal Tax bracket for the last two years so in 2024 your $100K turns into $69k

A 5% raise ain’t gonna cut it. Inflation is swallowing it. That means you're spending more time to make less. The working family is paying a HEAVY price. You can’t stop inflation but you can fight it and practically eliminate your tax burden.

Tune in to find out how!

Transcript

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0:00.0	Hey everybody welcome back to this week's segment of the no limit minutes for the creative
0:07.4	capital podcast.
0:08.6	Excited you guys are here and obviously super talking about and that is something that I think
0:13.6	everyone's talking about, especially today as I'm recording this when it was released
0:19.6	by the statistics were officially released by the federal government where inflation
0:24.4	is actually at on a monthly basis where it was where it hit this particular month.
0:30.5	And guys we hit 9.1% for inflation, 9.1% for the last month on the average of the entire
0:42.8	US we hit 0.8% as our month over month increase in rent as the average increase over the across
0:50.9	the entire US and that is the highest it's been since 1986 so there are some crazy things
0:58.3	happening and a lot of people have been talking about that what's going to happen with the market
1:01.3	what do you expect there to be is now a good time by right blah blah blah and that's not really
1:05.7	what we're going to talk about today but today we're going to talk about the very simplistic
1:10.0	math of what inflation is doing to your capital what is doing to your capital and what you can do
1:19.7	to prevent that from continuing to happen and obviously it's going to directly tie into real estate
1:24.0	because you're hearing listening to a real estate investing podcast so the first thing I want to say
1:29.2	is the example we're going to use is we're going to use a hundred thousand dollar a year salary
1:34.3	example so you're working at W2 and you're making a hundred thousand dollars a year okay so inflation
1:40.8	as I've just said is at 9% and rising absolutely eroding your value and just the overall
1:50.0	concept of time or value of time it's eroding that completely because you think you work 40 hours
1:57.1	a week and make whatever your weekly or buy weekly salary is for that and then 9% of that is
2:03.7	completely gone plus taxes on that gone what is that probably if you're making a hundred thousand
2:10.4	dollars a year you're in the 24% tax bracket plus you're losing 9% what does that come out to be too
	...

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