The Financial Coconut Podcast
Fight Inflation: Achieve Financial Security and Health Harmony [TFC 213 Budget Royale, Sponsored by Manulife]
Apr 9, 2025
Join Alex Loh, a growth mindset coach and co-host of Wise & Shine, as he navigates the financial waters of a bustling household with 6 adults and 3 kids. The lively discussion features strategies to combat rising inflation and offers valuable retirement planning tips. Alex shares insights on the importance of balancing family expenses and fostering financial transparency. Tune in to discover practical ways to enhance both your financial security and overall well-being, along with engaging game segments that bring excitement to budgeting!
44:03
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Quick takeaways
- Creating additional income sources through side hustles and optimizing expenses is crucial in combating rising inflation.
- Effective retirement planning involves starting early, utilizing diverse investment vehicles, and balancing personal savings with family support needs.
Deep dives
Combating Inflation
One effective strategy to combat rising inflation is to create additional sources of income. Individuals can diversify their skill sets or explore side hustles beyond their main job to increase their earnings. For instance, leveraging social media and online platforms can generate side income while optimizing current resources helps to maximize earnings without overextending oneself. Tracking every expenditure and reassessing spending habits is crucial, as many may find they have a spending problem rather than a lack of income.
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