EP 017: Can you believe it…

Once upon a time doctors used to think smoking was good for you?

They also used to think that eating fat was incredibly bad for you and that eating a diet super high in carbohydrates was the answer.

Now, this one is hard to believe…but it’s real

In the 50s, meth was prescribed to housewives who wanted more energy

Anyway, the point I’m trying to make here is that we only need to look to history to see the number of times in which experts got it wrong.

Well…

What if I told you what you think you know about inflation might be a lie also?

Many people have been led to believe inflation is low and the same for everyone.

We see the mass media and the ‘Reserve Bank of Australia’ continue to tell us it's low.

But… when you look more closely at the topic…

Their narrative doesn’t add up

I know for myself that the cost of living has increased and so has the cost of housing.

Do I even dare mention the rise of petrol at this point?

Anyhow,

Inflation is one of the core wealth concepts you need to understand and master if you are ever going to be successful at building wealth.

This episode of the podcast might be controversial and you might find disagreeing with Grant and I.

But I ask that you hear this one out and make the decision for yourself, all while keeping an open mind.


Episode Highlights:
00:00 Welcome to Business and Investing!
01:42 What is inflation
03:26 Why you should care about inflation
07:26 Inflation is not general, it’s personalised
10:49 Areas inflation has affected most
12:20 How to understand your personal inflation
14:02 Inflation and deflation in our lives
14:37 Rent
16:56 Food
20:43 Petrol
22:08 Electricity
23:48 Why you need to track your personal inflation rate
29:58 How to beat personal inflation
32:04 How to make inflation work for you
41:04 Considering inflation in investing
47:42 You’re losing money by storing it in the bank
49:54 Key takeaways

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 



Resources:
○ Business and Investing website: https://www.businessandinvesting.com/


Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342



Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: grant@businessandinvesting.com

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

EP 017: Can you believe it… Once upon a time doctors used to think smoking was good for you? They also used to think that eating fat was incredibly bad for you and that eating a diet super high in carbohydrates was the answer. Now, this one is hard to believe…but it’s real In the 50s, meth was prescribed to housewives who wanted more energy Anyway, the point I’m trying to make here is that we only need to look to history to see the number of times in which experts got it wrong. Well… What if I told you what you think you know about inflation might be a lie also? Many people have been led to believe inflation is low and the same for everyone. We see the mass media and the ‘Reserve Bank of Australia’ continue to tell us it's low. But… when you look more closely at the topic… Their narrative doesn’t add up I know for myself that the cost of living has increased and so has the cost of housing. Do I even dare mention the rise of petrol at this point? Anyhow, Inflation is one of the core wealth concepts you need to understand and master if you are ever going to be successful at building wealth. This episode of the podcast might be controversial and you might find disagreeing with Grant and I. But I ask that you hear this one out and make the decision for yourself, all while keeping an open mind. Episode Highlights: 00:00 Welcome to Business and Investing! 01:42 What is inflation 03:26 Why you should care about inflation 07:26 Inflation is not general, it’s personalised 10:49 Areas inflation has affected most 12:20 How to understand your personal inflation 14:02 Inflation and deflation in our lives 14:37 Rent 16:56 Food 20:43 Petrol 22:08 Electricity 23:48 Why you need to track your personal inflation rate 29:58 How to beat personal inflation 32:04 How to make inflation work for you 41:04 Considering inflation in investing 47:42 You’re losing money by storing it in the bank 49:54 Key takeaways If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!  
Resources: ○ Business and Investing website: <a href="https://www.businessandinvesting.com/">https://www.businessandinvesting.com/</a>
 Subscribe: ○ Subscribe on Youtube: <a href="https://www.youtube.com/@businessandinvesting">https://www.youtube.com/@businessandinvesting</a> ○ Subscribe on Apple Podcast: <a href="https://podcasts.apple.com/au/podcast/business-investing/id1607453342">https://podcasts.apple.com/au/podcast/business-investing/id1607453342</a> 
Connect with Business and Investing: ○ Join the Business and Investing Community: <a href="https://www.facebook.com/groups/440140397804480">https://www.facebook.com/groups/440140397804480</a> ○ Follow us on Facebook: <a href="https://www.facebook.com/businessandinvestingcom">https://www.facebook.com/businessandinvestingcom</a> ○ Follow us on Instagram:<a href="https://www.instagram.com/businessandinvestingcom"> https://www.instagram.com/businessandinvestingcom</a> ○ Follow us on TikTok: <a href="https://www.tiktok.com/@businessandinvestingcom">https://www.tiktok.com/@businessandinvestingcom</a> ○ Send your enquiries or drop by to say hello: <a href="mailto:grant@businessandinvesting.com">grant@businessandinvesting.com</a> DISCLAIMER: All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!

The Business & Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.

Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.

*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!
The Business &amp; Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.
Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.
*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

Helping business owners generate wealth inside and outside of their business.

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