While you’re all shaking off the grog from the weekend, here’s a post to help you procrastinate before really digging into work for the week. Trust me, this is more valuable than giving more of your energy, band-with, and time to the 9-5, so go take another morning dump and grab another espresso or bagel and buckle up. I get it, summers here, your boss sucks, your hybrid remote job sucks. Your coworker is an absolute psycho. Office politics have amplified during Covid/remote work. Recession talks are slowing hiring/cutting costs, and increasing manager’s scrutiny of lower level employees.
Fortunately there are two things you can do that will objectively benefit YOU in this environment. There’s plenty of time this week to get what you need to get done, so for now do something for yourself. *Assuming you’re not already decently wealthy ( net worth of $1M- $2M). Even if you are, some good ways to think about the current environment all Americans find themselves in. Stakes are getting higher with the changing nature of work, the economy, and the way we interact socially.
Unless you live in the woods like a hobbit, you’ve likely noticed inflation starting to find it’s way to restaurants you frequent, stores you shop in, and other items that you order/buy/consume. After the dust settled from a nearly 2 year pandemic from Covid 19 we are clearly entering an unprecedented period of prolonged and sustained inflation. Janet Yellen last week admitted that it was a mistake to call inflation transitory.
"Well, look, I think I was wrong then about the path that inflation would take…. there have been unanticipated and large shocks to the economy that have boosted energy and food prices, and supply bottlenecks that have affected our economy badly that I didn't at the time didn't fully understand. But we recognize that now."
Janet Yellen
It is more important than ever to effectively position yourself to not only fight the effects of inflation but also reap the benefits during and after it’s eventual wane. You can seriously propel yourself ahead of others if you focus and take steps to improve two key areas of your financial approach to the times we are living in, regardless of age or marital status. In this edition of Arb Letter I walk through the two things YOU can control to take inflation by the horns and improve your financial standing for years to come.
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