The Money Podcast Jaspreet Singh: Is Inflation a Hidden Tax?
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Link to full episode with Jaspreet Singh https://omny.fm/shows/the-money-podcast/jaspreet-singh-who-really-controls-the-worlds-mone
Is inflation a form of hidden tax? Rob speaks to Jaspreet Singh about this and why it disproportionately affects the poor and middle class in society. He then talks about why you need to prioritise becoming financially educated.
KEY TAKEAWAYS
- Inflation disproportionately hurts the middle class and the poor as these are the financially uneducated in society.
- Inflation benefits those who are financially educated as they can make choices based on how it will impact their investments, savings and cash.
- When money is created by the government, the money you earn and your savings go down in value as they have less buying power.
- Large corporations and their shareholders benefit from inflation.
- The school system is built to keep the masses ignorant about money and finances.
- Becoming wealthy isn’t always about how much you earn but what you do with that money.
BEST MOMENTS
"When money is created the value of your money goes down, the value of your savings go down”
“You as a consumer get hurt by inflation”
“How do you become wealthy? That’s called financial education”
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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