Inflation Concerns…?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 16 October 2009
⏱️ 41 minutes
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Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:15.6 | Welcome money guy listeners, I'm your host Brian Preston and today we're going to be talking |
| 0:18.8 | about something that is really on everybody's mind. |
| 0:22.2 | I mean, you can't turn on the nightly news or any financial TV channel nowadays without |
| 0:26.7 | somebody talking about inflation and inflation is one of those things that we all talk about |
| 0:33.2 | it but I'm wondering how many of you guys sitting out there listening and I'm betting above |
| 0:38.1 | average just because I know my audience but I think they're out there in public. |
| 0:42.4 | I want to give you the tools to where you can really talk about what inflation is, what |
| 0:47.8 | the concerns are and then even how you protect yourself and I'm going to go ahead and throw |
| 0:52.0 | it out there. |
| 0:53.0 | How long we might need to be thinking about before this terrible, terrible thing of, |
| 0:58.5 | well, I don't know if I call it completely terrible, inflation is one of those things |
| 1:02.5 | that, you know, you hear people talk about, like my parents bought their house in 1978 |
| 1:07.4 | for 60,000 and now it's probably worth like 220, you know. |
| 1:11.2 | So this is one of those things, inflation, it's not always terrible because think about |
| 1:14.8 | if they had it paid off, they're probably pretty excited that it's gone up to $220,000. |
| 1:21.1 | Inflation is one of those things that is terrible if you are a person that is sitting on |
| 1:25.4 | a lot of cash, if you are sitting in a floating interest rate type product. |
| 1:31.3 | So I guess it can be terrible in those aspects and I'm going to try to tell you how we can |
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