How Inflation Impacts the Economy and Your Wallet

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 27 March 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation can have a profound impact on both the economy and your personal finances. In this video, we dive into the causes and effects of inflation and explore how it affects everything from wages and prices to investments and savings. We also examine the role that banks play in inflation, including how their decision to print more money can lead to inflationary trends. We'll discuss strategies for protecting your money and making the most of your investments during inflationary times, as well as the broader impact of inflation on businesses and the economy as a whole. Whether you're a business owner, investor, or just someone looking to understand the basics of inflation, this video is a must-watch. Join us as we decode the complex world of inflation and its impact on your wallet. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/ #inflation #inflationdata #economictrends #bankingsystem #bankfailure #multifamilyinvesting #apartmentinvesing #multifamilysyndication #realestateeducation #wealthmentor

Transcript

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0:00.0	If you print a ton of money, okay, and even if you hand it out to the middle class,
0:05.0	that money is going to get spent versus invested in many instances, not all,
0:09.5	and the money will trickle up, okay?
0:12.0	It's the opposite of trickle-down economics.
0:14.2	Okay? Hello.
0:23.6	Hello.
0:24.6	We're talking about Bill Mars take on inflation.
0:44.4	Gino, where are you coming up with this stuff? What's going on with this one?
0:48.0	You know, sometimes I like to watch YouTube on my downtime and, and Bill Maher stuff pops up
0:52.6	every now and again. And the things he's been saying over the last six months to a year, he sounds as if he's a
0:58.6	conservative.
0:59.7	Because I think I think the liberal, the liberals, the Democrats have gone so far left for
1:04.9	a lot of their policies.
1:05.7	They've left a lot of Democrats like him in the wind.
1:09.2	I mean, you could talk about any of these topics. And one of them really is
1:12.9	government spending. He calls the government Uncle Sugar. I mean, he says, what do you expect
1:19.3	when you pump $6 trillion into the economy? And the problem that they don't understand is that
1:25.4	money goes in there. People who are middle class and who are poor will spend it.
1:30.7	People who are wealthy will just trickle up.
1:33.2	They'll save it and they'll buy assets, creating a deeper divide.
1:37.3	So it's like sugar in the short term where you're creating this, oh, relief, this dopamine hit.
1:42.1	But we know that in the short term, nothing gets really completed.
	...

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