Dear Reader,
Did you authorize $24.18 to be withdrawn from your savings today?
Don't worry, nobody withdrew money from your savings account, directly at least.
According to the Federal Reserve, the average American household has a savings of $41,600. But here's the thing, that same $41,600 would have purchased $59,253 worth of goods just two years ago according to my math…
Which means every single American household is allowing $24.18 to be withdrawn from their savings on a daily basis. That's $725.40 per month, or $8,825.70 per year thanks to the silent tax, better known as inflation.
At least that's according to the "official" numbers, but we all know inflation is much higher than those official numbers. Gas is up about 53%, rents are up 200% in some parts of the country, homeowners insurance is averaging a 25% annual increase, groceries, I could go on…
The real cost of inflation on your savings is 21.2%, and that doesn't even factor stock market losses.
But there is some good news!
While inflation is silently eating away at the savings and wealth of many Americans, some are profiting from it, by using inflation to grow their wealth.
You see, America is at a major inflection point - a point in financial history where the decisions we make with our money today, will determine the outcome for decades to come.
If Americans continue to invest the same way they have over the past 40 years they will see their savings lose purchasing power for decades to come.
But if we recognize the major inflection point we're currently experiencing - moving from 40 years of low inflation to the coming decades of high inflation - then massive strides will be made to our personal wealth.
Please don't let that be you! I don't want you to look back 10 years from now and realize you didn't do enough to protect yourself from inflation.
To win at this stage in the game, we need to use inflation to increase our income, our savings, and beat the nasty inflation monster.
If any of that resonates with you, download a copy of my latest ebook - The Complete Guide To Options Income where I build the foundation you'll need to profit in this environment…
See ya on the flip side,
Don Kaufman,
Founder
TheoTRADE
| 
No comments:
Post a Comment