Your Survival Guy

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When You’re in Control, You Have Opportunities

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By ColdFire @ Adobe Stock

Control is behind a lot of the problems in the world. But you have more control than you think. You, unlike a government statistic, don’t need to buy the basket of goods the Feds use to measure inflation. You are a value hunter. You seek out good deals and live to talk about them because what’s more fun than talking about a good deal?

When the government comes out with inflation stats, you and I know we’re at nosebleed levels already. It’s not like prices are going to fall. Now that we’re at this point, steady increases are just piling onto already too-high prices. But as an inflation fighter, you can invest in areas you spend your money on, like utilities/energy, for example.

How about your home? Most of you tell me you own your home, your cars, and have no debt. You’re happy living within your means, and you pay off your credit cards monthly. When it comes to your investments, you know the perils of trying to beat the market or ride this hot stock or that one. You know your risk tolerance is closer to intolerance. That’s something many unfortunate investors realize too late.

Investment Concerns? Save Money. Get My Friday Email. It’s Free

But here’s the kicker. You have to live. You need to take those trips. Spend some money. Because beating yourself up over inflation is simply not thinking outside the box. You know how to be creative with your spending, so do it. Just make sure you’re doing what you can about how you invest. It’s not so much about what you invest in, but how.

Action Line: Take a deep breath. You got this. You’re in control. When you’re ready to talk, let’s talk.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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