4.8 • 883 Ratings
🗓️ 28 June 2024
⏱️ 5 minutes
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Discover why inflation dropped to the lowest annual rate in 3 years.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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| 0:00.0 | Be wealthy and smart, episode 1369. |
| 0:03.2 | I'm gonna live no rich life. |
| 0:07.2 | A rich life. |
| 0:08.2 | Pull that that's life. |
| 0:10.6 | If y'all know what I mean, put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of time I'm gonna live the good life |
| 0:21.0 | I'm gonna live the good life |
| 0:22.0 | a beautiful and glorious life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, |
| 0:31.0 | on Be Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:39.1 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.9 | On today's show, we're going to talk about inflation dropping to its lowest annual rate in three years. |
| 0:53.0 | Now we've been expecting inflation to drop, so this is very good news and not unexpected. |
| 0:58.0 | We've been trending in the right direction for quite a while now. |
| 1:01.0 | It's just that things aren't happening fast enough for an interest rate cut. |
| 1:05.6 | We have to get into that 2% inflation realm area for the Fed to be happy enough to be able to cut interest rates. |
| 1:14.0 | And right now we're still slightly over 3%. |
| 1:18.0 | But according to the new data today, |
| 1:20.0 | in May, inflation slowed to its lowest annual rate in more than three years |
| 1:24.8 | so we're making progress in the right direction. |
| 1:27.2 | Core PCE which excludes the more volatile food and energy prices |
| 1:31.6 | rose only 0.1% last month and 2.6% from the prior year. |
... |
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