Tag: inflation
Inflation Ate My Paycheck 111: Ride the Recession with a High-Yield Savings Account
Interest rates are moving upwards, and they can affect us positively and negatively. As safe securities like treasury bonds and Series “I” Bonds increase their yields, prices for risk assets (like stocks and crypto) can decrease. That’s why it’s good to have exposure to many types of asset classes (real estate, bonds, stocks, cryptos, automated…
Inflation Ate My Paycheck 110: Get Past the Middle Class
Life is interesting because there is no such thing as slowing down. Things start to fall apart when you take your eye off the prize. To have long-term success, whether financial, career, or relationships, you must constantly learn, grow, and build. Nowhere is this more evident than with the class system in America. Inflation will…
Inflation Ate My Paycheck 109: How to Beat Insane Gas Prices
I just paid $6.30 per gallon to fill up my car in California. That’s almost $7 per gallon just for the luxury of driving to work. I’ve been warning of a new financial crisis, and we are seeing evidence of it now. Welcome back to the Inflaton Ate My Paycheck series (101, 102, 103, 104,…
My Recession Investing Plan
Halloween (and October) is a great time to re-access our spending. It’s good to have a crystal clear picture of our finances going into the New Year. I recently moved from Japan to San Diego, which means that my budget, spending, and saving habits had to change. The impending recession and bear (stock) market add…
Inflation Ate My Paycheck 108: What is Your Recession Budget?
The Federal Reserve needs to send America into a recession. Why? Because a recession is the best way to combat high inflation quickly. What does a recession mean for the average person? It means we will struggle with our livelihoods if we do not adjust our mindsets. Today, I want to review our budgets to…
Inflation Ate My Paycheck 107: Cellphone Upgrade vs. Dividends
I’ve had the same cellphone for five years, and I will probably attempt to keep it one more year. Why? It still works fine. I bought my Samsung Galaxy S8+ in July 2017 when my family and I left mainland Japan. I kept it through my tour in Pensacola, FL, and then for two years…
Inflation Ate My Paycheck 106: Time to Start Couponing.. Or Not
How do we successfully navigate a recession? Well, I guess we are about to find it here shortly. The days of easy money in the financial and housing markets will slowly come to a close. We will have to tighten our belts and start living below our means, saving, and investing. I usually focus on…
Inflation Ate My Paycheck 105: From Broke to Saver to Investor
As inflation rages across the nation and the world, there has never been a better time to become an investor. Gas prices are soaring, and the housing market is scary for anyone looking to enter. If you are broke, there is no relief in sight. No more stimulus checks or pay raises. You’ll have to…
Inflation Ate My Paycheck 104: Create Infinite Dividends
I always write about using dividends (and passive income) to beat inflation and live your best life. By making more money passively, you’ll be able to become your best self, and your relationships will begin to prosper. But many people get the purpose of stock market investing wrong. They look to the stock market as…
Inflation Ate My Paycheck 102: 10 Creative Ways to Beat Inflation
Hopefully, you can see my cover art for my Inflation Ate My Paycheck series (101). It is a purple dragon who I choose to represent inflation. And boy, is he hungry. We are experiencing runaway inflation for the first time since the 1980s. Let me be clear—you can’t passively beat inflation. You will have to…
Inflation Ate My Paycheck 101: Adjust Your Lifestyle Today
Wow, gas prices are heading to an all-time high, and your shopping expenses have nearly doubled. Inflation is upon us, and it’s time for us to decide how to react. What choices do you have to combat inflation? Will your job increase your wages to help you deal with inflation? Do you need to take…
