Inflation can hit anyone with most people unaware of how it impacts their lives. Many people's salaries are not keeping up with inflation but prices do. Cost of living means many things. Prices go up costing consumers more money, but if they don't have the increases in income to offset these increases then they are losing ground.
How much people are losing is not calculated because financial planners don't have the tools to allow them to do it. Inflation as an eroding factor is silent but deadly. With inflation going up all the time and income levels not keeping pace, it is impossible to maintain a lifestyle that provides a level of comfort.
Understanding what is needed to maintain or get ahead of inflation has to be shown in order for any consumer to be knowledgeable of the impacts of inflation. Traditional planning only addresses inflation as increase in pricing or increases in income, but does not have the ability to show, in a simulation fashion, what is needed in a combined effort to enhance anyones standard of living. Lifestyle is what everyone works for, but without knowing what is needed in a tandem fashion, no one will know how devastating inflation can be.
You are probably are feeling the effects of inflation throughout your life, but are spending your time working to keep everything in tack. If you knew what you had to do before hand to keep ahead of the eroding factors would that make your life easier? If you had your life ordered so that inflation increased your wealth, as it increased, would you live a better life? If you were in a position to see it before it happens would that be beneficial to you?
If you want to learn more about our "Economic Simulation" process sign up for our MoneyTeleSeminars.com and register for the free teleseminar. Yes, it's free. We decided to drop the cost since our goal is to reach 1,000,000 people with our message, we decided to make it free. Also if you go to FinancialFreedomRadio.info you can listen to past podcast about eroding factors.
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Dr. Raymond Jewell-Senior Economist
Money Talks
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