The Inflation Buster Budget & Investing Plan.
6 Ways to Beat Inflation Now.
Household Debt Hits an All-Time High as the Savings Rate Sinks to Pre-Pandemic Lows.
Inflation is taking its toll. Americans have burned through all of their stimmy checks and then some. Financial safety nets are disappearing at a very rapid rate.
Household debt has soared to an all-time high of $16.15 trillion.
Fortunately, defaults remain sparse, largely because there was a long pause on evictions, student loan payments and foreclosures – most of which are gone or on their last leg. However, that is a backward-facing statistic. With housing costs taking up more than 35% of the budget of Americans under the age of 40 (50% or more for renters), according to the National Association of Realtors, that doesn’t leave much room for transportation, food, health insurance, utilities and gasoline. Some basic needs are getting put on a credit card – not a sustainable way of living. According to the New York Federal Reserve Board, “Credit card balances saw their largest year-over-year percentage increase in more than twenty years,” at 13%.
Will credit card companies start to see defaults, or have to put more money aside and take a hit on their earnings? If that is the case, Visa and Mastercard might get slammed the hardest by investors, as both companies still have very elevated price-earnings ratios, at 28 and 29, respectively. Email info@NataliePace.com with Credit Card Stock Report Card in the subject line to receive an updated document.
Just as importantly, while students may appreciate the gesture of having $10,000 forgiven on their student loans, for many it’s a rounding error on the total. Student loan debt is at $1.6 trillion. College debt is responsible for so many Millennials delaying their first home purchase, and for intergenerational housing being as high today as it was in the Great Depression. Clearly, teens need to be better informed about the best path to the career and life of their dreams. (There are ways to get a better degree for up to half of the cost. Keep reading.)
The Inflation Buster Plan
We often think we just need to earn more income, and all of our problems will be solved. However, in an inflationary world, we also have to be creative and smart about reducing our expenses. It’s not a matter of just cutting out café lattes and avocado toast. (Few of us are really shopaholics.)
Below are 6 ways to stop making billionaire companies rich, and to live a richer life. You can get additional information on each point in my bestselling book The ABCs of Money and at our Investor Empowerment Retreats.
Rethink & Retool the Big-Ticket “Basic Needs” Expenses
Here’s additional information on each of the 6 areas mentioned above.
Rethink & Retool the Big-Ticket “Basic Needs” Expenses
Natalie Wynne Pace is an Advocate for Sustainability, FinancialLiteracy & Women's Empowerment. Natalie is the bestselling author of The Power of 8 Billion: It's Up to Us and is the co-creator of the Earth Gratitude Project. She has been ranked as a No. 1 stock picker, above over 835 A-list pundits, by an independent tracking agency (TipsTraders). Her book The ABCs of Money remained at or near the #1 Investing Basics e-book on Amazon for over 3 years (in its vertical), with over 120,000 downloads and a mean 5-star ranking. The 5th edition of The ABCs of Money was released on September 17, 2021.
Natalie Pace's easy as a pie chart nest egg strategies earned gains in the last two recessions and have outperformed the bull markets in between. That is why her Investor Educational Retreats, books and private coaching are enthusiastically recommended by Nobel Prize winning economist Gary S. Becker, TD AMERITRADE chairman Joe Moglia, Kay Koplovitz and many Main Street investors who have transformed their lives using her Thrive Budget and investing strategies. Click to view a video testimonial from Nilo Bolden.
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Please note: Natalie Pace does not act or operate like a broker. She reports on financial news, and is one of the most trusted sources of financial literacy, education and forensic analysis in the world. Natalie Pace educates and informs individual investors to give investors a competitive edge in their personal decision-making. Any publicly traded companies or funds mentioned by Natalie Pace are not intended to be buy or sell recommendations.
ALWAYS do your research and consult an experienced, reputable financial professional before buying or selling any security, and consider your long-term goals and strategies. Investors should NOT be all in on any asset class or individual stocks. Your retirement plan should reflect a diversified strategy, which has been designed with the assistance of a financial professional who is familiar with your goals, risk tolerance, tax needs and more. The "trading" portion of your portfolio should be a very small part of your investment strategy, and the amount of money you invest into individual companies should never be greater than your experience, wisdom, knowledge and patience.
Information has been obtained from sources believed to be reliable. However, NataliePace.com does not warrant its completeness or accuracy. Opinions constitute our judgment as of the date of this publication and are subject to change without notice. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.
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Natalie Pace is the co-creator of the Earth Gratitude Project and the author of The Power of 8 Billion: It's Up to Us, The ABCs of Money, The ABCs of Money for College, The Gratitude Game and Put Your Money Where Your Heart Is. She is a repeat guest & speaker on national news shows and stages. She has been ranked the No. 1 stock picker, above over 830 A-list pundits, by an independent tracking agency, and has been saving homes and nest eggs since 1999.