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Be Wealthy & Smart

Is Inflation Under Control?

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8 • 883 Ratings

🗓️ 31 January 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Discover if inflation is under control or not. 

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

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0:00.0

Be Wealthy and Smart, episode 1462.

0:03.8

I'm going to live the rich life, full than best life, yes, life.

0:11.0

See if you all know what I mean, put your hands up and declare with me, yeah, I'm full of bed.

0:17.0

I'm going to live a good life, beautiful and glorious life. step into a world.

0:23.6

Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart.

0:33.6

And now, here's your host, Linda P. Jones.

0:38.7

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor,

0:42.6

empowering women and men worldwide to financial freedom. On today's show, we're going to ask,

0:47.4

is inflation under control? Because on Wednesday, the Federal Reserve came out and decided

0:52.7

not to cut interest rates. They gave us a little bit

0:55.5

more of a hawkish tone, which meant don't expect interest rate cuts going forward, but is that what

1:02.3

the information is showing? The personal consumption expenditures price index increased by 2.6%

1:08.9

on a year-over-year basis in December, which was 0.2% higher than the

1:14.1

November reading and in line with the Dow Jones estimate. As you know, the Fed targets about a 2%

1:20.9

annual inflation rate, so at 2.6%, we are a bit above where the Fed wants to be, but not as much as we used to be.

1:29.8

And as you'll see, a lot of that extra inflation was coming from the energy sector.

1:35.7

Energy jumped 2.7% and food prices increased just 2% on the month.

1:41.3

Durable goods prices, which include items like aircraft, appliances, and electronics,

1:46.3

were actually showing deflationary numbers falling 0.4%. And the reason why that energy number is so

1:53.6

important is because that is exactly the area that President Trump has said he wants to drill more

1:59.5

and bring prices down. If that happens, that could

2:03.3

affect overall inflation numbers in a very positive way. Because if it's energy that is staying

...

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