Financial expert talks investing amid inflation, saving for retirement, and meme stocks
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- Опубликовано: 13 май 2024
- The Producer Price Index (PPI) report for April was hotter than expected, rising 0.5%. Founder and CEO of Lazetta & Associates Lazetta Rainey Braxton joins Wealth! to discuss savings strategies within this environment.
Braxton advises looking at the current economic landscape from two perspectives: first, "thinking about what you're paying for," or getting less but paying more for goods and services; and second, "how do you grow your money," or considering both the present and the future.
Braxton recommends exploring investment options, starting small with something like a savings account. She suggests putting funds into a high-yield savings account, which could provide interest returns simply by letting the funds sit there.
Touching on retirement savings, Braxton advises young individuals to start saving right away, even if it's a small amount. For those already in retirement, she recommends allocating funds in a way that aligns with "what they can handle."
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More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
How can one accomplish and stay comfortable after retirement?
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You buy Bitcoin. That's how you fight inflation.
Look how they clown the everyday person for being involved in certain stocks. Do the opposite they say