Thanks to higher-than-usual levels of inflation, we’re seeing mass panic and fear – and where there’s panic, bad financial decisions are sure to follow.
There are a lot of people trying to buy up as much as they can while their dollars are worth more. Unfortunately, these people are due for a world of hurt by making long-term decisions in a bid to solve a short-term, cyclical problem.
Should you be conforming to what everyone’s doing right now? What’s the smart way to prepare for the coming financial downturn?
In this episode, I talk about why it’s more important than ever not to fall into the trap of irrationality so many people are in right now.
When we look at things through a microscope, we fail to realize where we’re actually at in the grand scheme, and a lot of people are going to get hurt. – Chris Naugle
Things You’ll Learn In This Episode
The importance of paying attention to the macro
How do we use history to get a better perspective on the inflation rates people are panicking about?
Why the summer of revenge will end in tears
What do we miss out on if we conform to everyone else trying to buy as much as possible right now?
How to protect your wealth
What’s the worst place to be when the Fed inevitably tanks the stock market?
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