<description>&lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;A crying, sniffling mother reveals how inflation is ravaging her family. Despite a two-parent income, she tells us that they're trending toward poverty due to wages that struggle to cover inflated prices.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;For home prices to fall, many homeowners need to walk away. But if they tried that today, they’d have to pay more in rent than they would on their low mortgage payment.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;It’s absurd to only have one source of income.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;401(k)s are considered a scam by some. I explain. Plan participants buy an income stream “probably later”. Real assets that cash flow provide income “surely now”.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;There’s no such thing as: rent inflation, food inflation, or energy inflation. Inflation comes from the central bank.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;One dollar in 1776 has the purchasing power of $35.36 today.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;The worst consequence of inflation is that one parent could work to be middle class in the 1950s. It became two by the 1990s. After the 2020s inflation wave, two parents might not be enough anymore.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;I explain why the Fed should keep interest rates the same for at least one year. But I doubt that they will.&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Resources mentioned:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Show Notes:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.getricheducation.com/episode/479"&gt;GetRichEducation.com/479&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Terrific inflation resource, charts:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.officialdata.org/us/inflation/1776"&gt;https://www.officialdata.org/us/inflation/1776&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;For access to properties or free help with a&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;GRE Investment Coach, start here:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://gremarketplace.com/coach/"&gt;GREmarketplace.com&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Get mortgage loans for investment property:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "http://www.ridgelendinggroup.com/"&gt;RidgeLendingGroup.com&lt;/a&gt; or call 855-74-RIDGE &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;or e-mail: info@RidgeLendingGroup.com&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Invest with Freedom Family Investments. &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;You get paid first: Text FAMILY to 66866&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Top Properties &amp; Providers:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.gremarketplace.com/"&gt;GREmarketplace.com&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;GRE Free Investment Coaching:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://gremarketplace.com/coach/"&gt;GREmarketplace.com/Coach&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Best Financial Education:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.getricheducation.com/"&gt;GetRichEducation.com&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Get our wealth-building newsletter free—&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;text ‘GRE’ to 66866&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Our YouTube Channel:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.youtube.com/c/GetRichEducation"&gt;www.youtube.com/c/GetRichEducation&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Follow us on Instagram:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.instagram.com/getricheducation/"&gt;@getricheducation&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;Keith’s personal Instagram:&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;&lt;span style="font-size: 10pt;"&gt;&lt;a href= "https://www.instagram.com/keithweinhold/"&gt;@keithweinhold&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;strong id="docs-internal-guid-01ff3675-7fff-aae4-375d-859603c473d3"&gt;&lt;/strong&gt;&lt;/p&gt;</description>

Get Rich Education

Real Estate Investing with Keith Weinhold

479: How Inflation is Ravaging America

DEC 11, 202337 MIN
Get Rich Education

479: How Inflation is Ravaging America

DEC 11, 202337 MIN

Description

A crying, sniffling mother reveals how inflation is ravaging her family. Despite a two-parent income, she tells us that they're trending toward poverty due to wages that struggle to cover inflated prices.

For home prices to fall, many homeowners need to walk away. But if they tried that today, they’d have to pay more in rent than they would on their low mortgage payment.

It’s absurd to only have one source of income.

401(k)s are considered a scam by some. I explain. Plan participants buy an income stream “probably later”. Real assets that cash flow provide income “surely now”.

There’s no such thing as: rent inflation, food inflation, or energy inflation. Inflation comes from the central bank.

One dollar in 1776 has the purchasing power of $35.36 today.

The worst consequence of inflation is that one parent could work to be middle class in the 1950s. It became two by the 1990s. After the 2020s inflation wave, two parents might not be enough anymore.

I explain why the Fed should keep interest rates the same for at least one year. But I doubt that they will.

Resources mentioned:

Show Notes:

GetRichEducation.com/479

Terrific inflation resource, charts:

https://www.officialdata.org/us/inflation/1776

For access to properties or free help with a

GRE Investment Coach, start here:

GREmarketplace.com

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE 

or e-mail: [email protected]

Invest with Freedom Family Investments. 

You get paid first: Text FAMILY to 66866

Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 

Top Properties & Providers:

GREmarketplace.com

GRE Free Investment Coaching:

GREmarketplace.com/Coach

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—

text ‘GRE’ to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold