The prices of many goods we buy are starting to go up. A recent news story said the price of toilet paper, cereal and diapers are getting more expensive. There are many reasons for these price increases, but one we must be mindful of is due to all the money printing: the more money they print, the weaker the purchasing power becomes.
Read the article HERE.
Here’s more info on the increasing prices and what we can do about it.
For the average person, the first thought is to buy extra toilet paper, canned goods and paper towels. While that is a good strategy, that shouldn’t be your only strategy. It’s critical we discover ways to protect our purchasing power during times of inflation. This is accomplished by purchasing assets: items that not only retain their value during tough times, but can increase in value as well.
Two such items are gold and silver.
Remember: Toilet paper is flushed down the drain, but gold and silver can be used to protect you from inflation, and used to buy even more assets for years to come.
We can’t stop prices from going up and inflation,, but we can learn about the various ways to deal with it. This type of information isn’t taught in school, but it’s something we must learn and begin to implement in our lives. Get more tips in my book Invest For Success: Millionaire Wealth Strategies Not Taught in School. Available on Amazon.
Join us for online courses at the Yes We Did Virtual Learning Center for more great information on preserving wealth and accumulating assets:
Use coupon LEARNNEWSKILLS for up to 80% off all courses.