Inflation is Here. Here’s How We Are Dealing with It #1765

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 14 June 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #1765, we talk about the current period of inflation and share some of the ways we are dealing with it. The term inflation refers to a process whereby currency becomes somewhat devalued and things gradually begin to cost more. While what we say should not be considered financial advice, listen along and hear about a strategy involving putting cash into hard assets. TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Inflation is Here. Here’s How We Are Dealing with It. [00:38] Understanding inflation: decreased buying power. [01:12] Signs of the inflationary landscape right now. [01:50] Don’t leave as much of your money in cash. [02:30] Aim for hard assets. [02:53] Remembering the period of hyperinflation in post-WW1 Germany. [04:13] Be careful not to take on too much risk. [04:56] Go to marketingschool.io/live to hang out with Neil and Eric in September. Get ad-free listening plus exclusive content with Marketing School Pro. Try for free at www.marketingschool.io/pro Links Mentioned in Today’s Episode: Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to marketing school, the only podcast that provides daily top level marketing tips
0:06.4	and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.8	Let's start leveling up your marketing knowledge with your instructors, Neil Patel and Eric
0:16.8	Sue.
0:17.8	All right, guys, before we start, we got a special message from our sponsor.
0:24.1	If you want to rank higher on Google, you got to look at your paid speed time.
0:28.6	The faster your website loads, the better off you are.
0:31.4	With Google's Corvital update, that makes it super, super important to optimize your
0:35.5	site for low time.
0:37.7	And one easy way to do it is use the host that Eric and I use dream host.
0:42.2	So just go to dream host or Google it, find it, check it out.
0:46.2	And it's a great way to improve your low time.
0:50.4	Today we are going to talk about how inflation is here and here's what we are doing about
0:55.9	this.
0:56.9	Before we begin, this is not financial advice.
0:59.2	This is for entertainment purposes only, Neil and I don't want to lead you astray.
1:03.1	We're just going to tell you what we're doing.
1:04.8	But first and foremost, Neil, we should talk about kind of what inflation is and what
1:09.2	the implications are.
1:10.5	Sure.
1:11.5	So inflation is typically, if you go to the store and you buy a carton of milk, it may cost
1:15.6	you a dollar or a euro or a pound or whatever price it'll cost you.
	...

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