No matter where you are in the world, we’re already seeing the effects of inflation and there’s no stopping it. The question now is how do you protect yourself from drowning because of them? What is the best way to hedge against inflation?

Key Talking Points of the Episode

[01:30] The effects of inflation today

[02:02] What is the best hedge against inflation?

[03:05] What is the importance of increasing your income during inflation?

[04:34] Why is it important to develop your skills?

[07:20] Why do you need to focus on creating value?

[08:03] How do you become indispensable?

[10:05] Why should you find something you specialize in?

[11:53] What can you offer? 

[12:25] How can the value you can offer generate more income?

[13:25] What should your goal be?

[14:09] How will you successfully beat inflation?

Quotables

“We’re seeing that prices are going sky-high and they’re reporting 8% inflation, and we know that that’s just ridiculous.”

“The number 1 inflation hedge that you have isn’t an investment. In fact, you don’t need to have any money to be able to get this inflation hedge to work for you.”

“Again, always at that minimum wage, and the only way I could make more money, of course, is if I would work more hours.”

“What I had to do was develop more skills. Every skill I got, it tacked on more pay.”

“No one beats our numbers. At best, they might match our numbers, but that’s such a tiny percentage, a fraction of a percent that you’ll ever see.”

“How do you become that star player? Keep developing and honing your skills so that you become absolutely invaluable, nay, irreplaceable.”