If the money you save isn’t earning anything, it is losing value. That’s horrible news, but it’s the truth. 

We were on a business call with Alex just the other day and he asked, what is happening to the middle class? 

Middle class is defined largely by household income adjusted for household members. Anything from about 50k/150k of income per person is considered middle class right now.

The most obvious thing that hurts the middle class is Inflation.

Inflation is stealing the value from your money every day and if your savings can’t outpace inflation, or at least keep up with it, you are falling behind.

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Inflation is like a thief that never comes. 

It is good to protect yourself from inflation in every way you can. The bible says that if the man of the house knew what time the thief was coming he would be on the alert and not let his house be broken into. 

We know the thief is here, our duty is to protect our financial house to the best of our ability.

 This episode of Wealth Talks Podcast is a timely episode for how to combat inflation in 2024.

Resources:

How to get a Whole Life Insurance Policy: Contact McFie Insurance 702-660-7000 | team@mcfieinsurance.com | https://mcfieinsurance.com/ 

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401Ks, ESGs, Pensions plans, and Life Insurance are all things you probably know of, but there are some unpleasant surprises associated with many of them which you need to be aware of. Listen now to find out about these surprises and how to protect yourself against them, and also a shocking study about America’s financial literacy.

As a nation we are in bad shape. Inflation is climbing, environmental “concerns” threaten our staggering economy and global elites seem to be planning the overthrow of the middle class. Is there anything we can do to fight back? Or is this the end of the line? On today’s episode, learn what you can do to fight back!

Resources: Wealth Seminar Recording

Ice cream containers are shrinking - again. It used to be common for ice cream to be sold in a half gallon cartons. Some years ago, cartons shrunk to 1.75 quarts and just recently many ice cream cartons shrank again to only 1.5 quarts. 

Prices, however, did not shrink accordingly. Most prices stayed the same. This latest change is the equivalent of a 16.667% price increase.

Some people may blame the creamery, the carton manufacturer or even the grocery store for the increase in price. But the real blame lies elsewhere.

Today on WealthTalks, Tom and John talk about why ice cream containers are shrinking, and what we can do to keep our savings from shrinking as well.

Listen Now!