9 Ways To Beat Inflation (And Get Wealthy Doing It)
Is it possible to profit from inflation? With the dollar value decreasing, can you beat inflation and grow wealth?
Well, I’m here to tell you that it IS possible. And there are several things you can do to remain profitable during an inflationary period.
This past September in a MarketWatch interview, Ray Dalio warned investors to watch the value of their dollar as much as the value of their investments.
In the last 12 months, the Dow has been up 34%, the S&P 500 up 38%, YET per the Consumer Price Index, your dollar is DOWN 4.2%. And per Horizons US Dollar Currency ETF, your dollar is DOWN 12%.
Mr. Dalio knew what he was talking about. Now, there’s no way to predict what’s going to happen next, but you can prepare for it. By doing so, you can actually profit from inflation rather than letting it get the best of you. That’s right, it is possible to BEAT INFLATION.
Let’s start with what you want to STOP doing right away:
- Stop hoarding cash
- Get out of fixed-income investments.
- Get rid of any adjustable-rate debt.