Inflation, inflation, inflation. It’s everywhere. But let’s get right down to it. Inflation means different things to different people. If, for example, you’ve worked your entire life, saving until it hurts, you probably have a pile of money to help you through Your Retirement Life.
Sure, it takes some planning, but higher prices shouldn’t keep you from living your dreams. You know how to do without because that’s what saving is—making choices and deferring gratitude. You’re a pro at that.
Remember when air travel used to be a big deal (when you’d drive to Florida instead?) and not the disaster it is today? When travelers dressed up for a trip? Since when did air travel become a commodity? An entitlement? Quite simply, air travel needed to change its business model years ago with higher prices. No government dictate is going to right this ship.
How about inflation (starter homes) for the younger generation? You’ve never been so valued. Hot off a three-week trip to Paris Your Survival Guy can tell you this: You are valued. Workers are worth their weight in gold. If I’m in my early 20s, looking for some work experience, I think I’d start in a Paris kitchen or café. I’d be on the hunt for a job, beginning my lifelong endeavor of compounding experiences and money. The best way I know how to compound money is with income.
Action Line: I want you to have an income stream—a dividend centric investing program you can live with no matter what. Remember though, not all dividend payers are created equal, but this graphic shows you the increases over the last decade (all but 2020). Increases might get harder moving forward. You need to make sure you’re with the ones that will keep paying when times get tough. Maybe we should talk.
Your Survival Guy at the most controversial restaurant in Paris where escargot is served as it must be served: Bubbling hot.
E.J. Smith - Your Survival Guy
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