April 17, 2024 CFO Agency

Inflation

Inflation

Yet another way that household wealth is being eroded in the United States.  

Employees cry for higher wages due to higher costs of living and increased wages lead to higher costs of goods and services. It’s a vicious cycle!

What is the answer?

Cash is always king. It always has been. The more we can live without credit and with reserves the better we are able to weather the storms of economic cycles that we have no control over.

What we do have control over is how we spend our money. Every time we invest in something; remember it’s not spending it’s investing, there is an expected ROI or Return On Investment. We are casting a vote on what is important to us in our lives.

Times like this are a great time for reflection.  

What is the money for?  

Each of us will have a different answer to this question. Our dreams and hopes and goals are all wrapped up in the answer.

This is not a time of shrinking from your goals and dreams it’s a time of becoming acutely aware of how we use this tool called money to create the life we desire not only for today but also for tomorrow!

Yes, legacy is often a piece of the conversation that gets dropped when times become challenging and it is just as critical to include now as it is when things are rolling smoothly.

Abundance is a mindset. Giving from our overflow is a mindset. The numbers really are meaningless. So what does it look like to live in an Abundance mindset for you?

Questions I ponder daily ☺

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