
858-Financial Lessons Learned from the USA (3 of 3)
Radical Personal Finance
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How to Absorb a Ten % Inflation of Your Expenses
You can absorb a ten % inflation rate, even if your income doesn't change to keep up with inflation. Even the guy who's got expenses at 90%, and now, now, due to over ten % inflation, he's over a hundred % of his expenses,. He can take up the slack. Brings us to the next point. All the basics still apply in that you must have savings. If you have savings, liquid money, emergency fund, buffer funds, savings, then you can orb the temporary increases in price while you re structure your life.
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