Episode 231: The Misinformation on Inflation
Words & Numbers
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How Do I Avoid Inflation?
"It's not hyperinflation, but it is astounding compared to what we're used to in this country," he says. "Don't take our advice on things. Take what we say as an opportunity to go figure out more on your own." If you buy a big house and finance it by a long 30 year fixed interest loan, the cost will be negligible if inflation is 12.8%. But when that starts to compound, it gets ridiculous.
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