Welcome back to another episode of the 360 Money Matter Podcast! With a lot of talk going around about investment markets, we really wanted to clear the fog and really sift through some of the noise to get to the crux of what’s happening, what’s causing it, and what you can do in this market.
Unemployment is currently at low levels and inflation is continuing to ramp up. Mortgage stress is starting to become a concern with interest rates that are rising so that central banks can combat inflation. Combining this increased mortgage cost with the inflationary environment we see ourselves in, households are starting to feel the pinch in their budgets.
By the end of this episode, we hope to provide you with some comfort around some of the strategies we recommend that can help you curb and prepare yourself for markets such as this and how we can prepare, anticipate, and adapt as best we can!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Inflation has skyrocketed.
• What is stagflation?
• The importance of cash reserves.
• Rising fuel prices and cost of goods.
• Cutting costs and minimizing expenses at home.
