Dentists Who Invest Podcast 4 Ways To Bust Inflation with Dr. James Martin DWI-EP145
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Probing the silent killer of inflation, we bring to light how this economic phenomenon silently erodes our purchasing power. Ever wondered why your favorite Fredo bar keeps getting expensive? It's not just about the price hike; it's about the silent depreciation of cash value. Inflation, averaging 3% year-on-year, makes it increasingly expensive to buy the same item. To protect your wealth from this silent cash value killer, we reveal investing as your first line of defense.
However, it's not just about investing; it's about investing smartly. We delve into the dual advantages of investing in an appreciating asset - the growth in value and the potential to earn more than the loan's interest when it's lower than inflation. Moreover, we uncover how running a business can match cash flow with inflation while also appreciating the asset's value. Ever thought about dental practices as a form of investment? We'll show you how they can be a great inflation-busting asset. Additionally, we emphasize the power of continuous skill development in generating wealth and outpacing inflation. So tune in, and let us take you through four of the most effective strategies to beat inflation.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.