You are feeling it, I’m feeling it. Everything is going up in price and it hurts your purchasing power.
This is what happens when $7 trillion is printed and dumped into the system, it pushes everything up.
It’s called Financial Engineering and its done to prop up prices and keep our economy from collapsing.
It also creates a ‘wealth effect’ where you see your portfolio and home prices rise…
But it also makes everything else go up: groceries, gas, services.
If your income, salary or cashflow isn’t growing more than 10% per year, you’re actually getting poorer because inflation will erode what you are making.
I’m trying to get rid of cash because it just erodes from inflation if it sits there.
All other assets aren’t any more attractive after being in a bull market for over a decade (aka bubble).
Gold and Crypto were supposed to be the things to invest in to protect you from ‘fiat currency’...
Are you thinking "Simon, why the hell are you saying that coaching is a waste of money? Don't you support coaches and don't you coach"?
I didn't say that coaching was a waste of money.
I said spending money on coaching was a waste of money.
The definition of spending is: to use up, to consume wastefully, to squander.
Unfortunately the truth is a lot of people look at hiring a coach as spending, and even worse, they act like it.
They say that only 3% of digital courses (without a live component) are completed.
Far too few people even give themselves the gift of coaching or learning after they leave school.
Then there are those that do decide to further their knowledge and buy a course but either don't finish (gain the knowledge) or don't take action with the knowledge in order to gain results.
The equation for massive success is: knowledge + action - overthink = incredible results.
There are a few people, the elite, who INVEST in coaching.