Warning: Prices Soaring Fastest for 30 Years

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 26 April 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

The war, covid and lockdowns are all having huge impacts on our income and quality of life. Your spending power as a consumer is the lowest it has been in 40 years. In this episode, Rob talks about why this is and more importantly, the solution to not just survive in this crisis, but thrive. Tiny.cc/robsubs KEY TAKEAWAYS Prices are increasing at a rate not seen for over 30 years across the board, from fuel to real estate and travel. Inflation in the UK is over 10%. Make sure you get out of debt, even if you have to significantly reduce your spending. Interest compounds and if the cost of living is increasing so will your interest rate so you will be hit twice. Make a budget, adjust your living costs and aim to save 5-10% of what you earn. Once you have a good amount of savings as an emergency fund, start to invest. Savings will not make you rich, you can’t save yourself to wealth but you can invest your way there. Where there is crisis and recession there is also opportunity. Look for the opportunities surrounding you and remember, more millionaires are made in a recession than any other time. BEST MOMENTS “Your spending power is the lowest it’s been in 40 years” “The more information we can share with one another, the more we can arm ourselves with” “Are you making a plan, are you budgeting, are you investing, are you being careful where you spend, are you getting ready?” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	The war, COVID, lockdown, these are all having huge implications on our comfort and cost of living and freedom.
0:11.0	So this is an important warning.
0:13.0	Prices are soaring the fastest they have in 30 years.
0:18.0	And the average person your spending power is the lowest it's been in 40 years.
0:26.0	This is important.
0:28.0	So I'm going to do two things in this short video.
0:31.0	One is I'm going to tell you where the prices are at and how bad things are getting.
0:36.0	Two, I'm going to give you a six step solution so that you can not just survive in this cost of living crisis, but you can actually thrive.
0:47.0	It's also important we get this message out to the masses because right now people are struggling.
0:53.0	The war, COVID, lockdown, these are all having huge implications on our comfort and cost of living and freedom.
1:04.0	And it's vital that you arm yourselves and we share with as many people as possible some practical solutions.
1:11.0	So it is now official that prices are soaring the fastest in 30 years.
1:19.0	Petrol, diesel, inflation, energy, student loans, real estate, travel, these are all up.
1:31.0	So spending power is at a 20 year low.
1:36.0	I think I said 40. It's probably not far off.
1:39.0	Inflation in the UK is I reckon it's over 10%.
1:45.0	They say it's about seven but they don't include certain things in the inflation figures.
1:51.0	They don't for example include food and food is where a lot of the increased cost of living is going.
1:57.0	Do you know our energy bills are going to be 400% more?
2:03.0	400% diesel and petrol way up.
2:09.0	Now do you know student loans is now 12% a year to repay house prices, material costs.
2:16.0	These are all up and up and up and up.
	...

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