What Should You Do About Inflation

<p>Are you stressed out about inflation? There's no reason to worry. It's better to focus on what you have control over and apply it to your situation. If changes need to be made, start making some good changes.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about what you should do about inflation, your concerns, and your assets.</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>Inflation: What is it, why is it occurring, and how are recent events amplifying it?</li> <li>How much should you have in your pocket versus in other places?</li> <li>Financial Components: Consider income and assets when it comes to inflation</li> <li>Short- vs. Long-Term Inflation: Ups and downs of volatile times and emotions</li> <li>Steps to Take: <ul> <li>Solid Financial Plan: Pair up your goals and purpose for your resources</li> <li>Cash: Maximize efficiency to be far less concerned/susceptible to inflation</li> </ul> </li> <li>Key Takeaway: Worry less about inflation to have more confidence in decisions</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://financeforphysicians.co/2021/08/05/navigating-high-inflation-periods/">Navigating High Inflation Periods</a></p> <p><a href="https://financeforphysicians.co/2022/03/17/how-will-the-russian-and-ukraine-war-affect-your-planning/">How Will The Russian And Ukraine War Affect Your Planning</a></p> <p><a href="https://www.usinflationcalculator.com/inflation/historical-inflation-rates/">Historical Inflation Rates: 1914-2022</a></p> <p><a href="https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/">For most U.S. workers, real wages have barely budged in decades</a></p> <p><a href="https://darrowwealthmanagement.com/blog/stocks-vs-bonds-different-risks-returns/">Stocks vs. Bonds: Differences in Risk and Return Make a Case for Both</a></p> <p><a href="https://financeforphysicians.co/contact/">Contact Finance for Physicians</a></p> <p><a href="http://financef