5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids
5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids
I’m a self-made millionaire: 5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids
Jasmin Merdan Matt Higgins, CNBC Contributor Tue, May 23, 2023
It’s graduation season, which means many parents will observe a sacred rite of passage: dispensing terrible life advice to their kids. Mom and dad mean well. But the class of 2023 will enter a job market during one of the worst periods of uncertainty since the 2008 financial crisis.
5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids
I’m a self-made millionaire: 5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids
Jasmin Merdan Matt Higgins, CNBC Contributor Tue, May 23, 2023
It’s graduation season, which means many parents will observe a sacred rite of passage: dispensing terrible life advice to their kids. Mom and dad mean well. But the class of 2023 will enter a job market during one of the worst periods of uncertainty since the 2008 financial crisis.
I’ve endured similar crises, from growing up in poverty, to dropping out of high school to care for my disabled mother, to holding down two jobs while earning my college and law degrees.
Throughout my trials and my journey to becoming a self-made millionaire, bestselling author, CEO and investor, the one key to thriving was to not play it safe.
Here’s the worst and most outdated advice young people should ignore, and what to do instead:
1. “You need a fallback plan.”
A Wharton study found that just thinking about a backup plan can significantly reduce the likelihood of Plan A from happening, along with the motivation to even try.
There are only a handful of things you can break in your 20s that you can’t fix in your 30s. The only way you’ll have a shot at being the next Taylor Swift is to believe that you will be, and to not worry about what happens if you fall short.
Trust your capacity and agency to figure things out if Plan A doesn’t work.
2. “Cut down your screen time.”
Screens are the future of work. Playing video games for 10 hours straight might not help, but you can learn all sorts of lucrative new skills online.
If you want to start a side hustle, write a business plan, launch a website or market a product or service, the right resources are out there, and often at low or no cost at all.
To continue reading, please go to the original article here:
https://www.yahoo.com/news/m-self-made-millionaire-5-225716665.html
7 Mistakes People Make When Choosing a Financial Advisor
7 Mistakes People Make When Choosing a Financial Advisor
Helping people make smart financial decisions
Choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come. A 2020 Northwestern Mutual study found that 71% of U.S adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor. 1
The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, but research suggests people who work with a financial advisor feel more at ease about their finances and could up end up with about 15% more money to spend in retirement.2
7 Mistakes People Make When Choosing a Financial Advisor
Helping people make smart financial decisions
Choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come. A 2020 Northwestern Mutual study found that 71% of U.S adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor. 1
The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, but research suggests people who work with a financial advisor feel more at ease about their finances and could up end up with about 15% more money to spend in retirement.2
Consider this example: A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less. In other words, an advisor-managed portfolio would average 8% annualized growth over a 25-year period, compared to 5% from a self-managed portfolio.3
SmartAsset's no-cost tool simplifies the time-consuming process of finding a financial advisor.
A short questionnaire helps match you with up to three fiduciary financial advisor that serve your area, legally bound to work in your best interest. The whole process takes just a few minutes, and in many cases you can be connected instantly with an advisor for a free retirement consultation.
Advisors are rigorously screened through SmartAsset's proprietary due diligence process.
Being aware of these seven common blunders when choosing an advisor can help you find peace of mind, and potentially avoid years of stress.
1. Hiring an Advisor Who Is Not a Fiduciary
To continue reading, please go to the original article here:
3 Ways to Recession Proof Your Retirement
3 Ways to Recession Proof Your Retirement
by Adam McFadden April 13, 2023
Stay the course. Don’t overreact. Think long-term.
Following this advice during times of economic uncertainty can do wonders for your retirement plan. But don’t mistake it as an invitation to sit back and do nothing! There are moves you can make now while things are volatile that can pay off significantly down the road.
Let’s look at a few:
3 Ways to Recession Proof Your Retirement
by Adam McFadden April 13, 2023
Stay the course. Don’t overreact. Think long-term.
Following this advice during times of economic uncertainty can do wonders for your retirement plan. But don’t mistake it as an invitation to sit back and do nothing! There are moves you can make now while things are volatile that can pay off significantly down the road.
Let’s look at a few:
Have A Financial Pro Look Over Your Plan
You know those genius billionaires? They have financial advisors.
It's almost always a good idea to go over your long-term financial plan with an expert from time to time and you might be surprised by how much you can benefit from just one meeting.
Even if you previously developed a plan with the help of a professional, you may find that your plan needs adjusting, especially in an environment where economic factors are changing.
Choosing a financial advisor is easier than you may think. WiserAdvisor is a website that matches you to the best financial advisor for your situation. There's no cost to use WiserAdvisor, and you aren't obligated to hire an advisor.
Protect Your Portfolio With Precious Metals
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Money Expert Jaspreet Singh Says ‘Becoming Wealthy Is Surprisingly Simple’
Money Expert Jaspreet Singh Says ‘Becoming Wealthy Is Surprisingly Simple’ — Here’s Why
Cameron Diiorio Tue, May 23, 2023
Jaspreet Singh, known as “Minority Mindset” on YouTube, is an attorney and entrepreneur with a goal to spread financial education. The Minority Mindset brand has grown into a number of companies including Market Briefs, a free financial newsletter, and Market Insiders, an investing education app. His brand has helped countless people get out of debt and start investing.
As one of GOBankingRates’ Top Money Experts, Singh speaks here about creating a plan for building wealth.
Money Expert Jaspreet Singh Says ‘Becoming Wealthy Is Surprisingly Simple’ — Here’s Why
Cameron Diiorio Tue, May 23, 2023
Jaspreet Singh, known as “Minority Mindset” on YouTube, is an attorney and entrepreneur with a goal to spread financial education. The Minority Mindset brand has grown into a number of companies including Market Briefs, a free financial newsletter, and Market Insiders, an investing education app. His brand has helped countless people get out of debt and start investing.
As one of GOBankingRates’ Top Money Experts, Singh speaks here about creating a plan for building wealth.
What’s the one piece of money advice you wish everyone would follow and why?
The one piece of money advice I wish everyone would follow is: make yourself rich before you make everyone else around you rich. When you go out and wear Lululemon pants with your Gucci belt and Apple AirPods — you look rich, but the people who are actually getting rich are Lululemon, Gucci, and Apple (not to mention their shareholders, too).
The person who isn’t getting rich is you. I want you to flip it around. Make yourself rich first by using your money to buy investments. Then, go out and buy all the Lululemon, Gucci, and Apple you want when you can afford it.
What’s the most important thing to do to build wealth?
Becoming wealthy is surprisingly simple. That doesn’t mean it is easy, it’s actually really tough, but there are only three steps. First, you have to spend less than what you make. Second, you have to work to earn more money. And third, you have to invest the money you don’t spend. Starting with step one, if you spend all of your money, you will never have a chance to become wealthy. This is where most Americans fail. Most Americans work to buy nice things like fast cars, nice vacations, and luxury clothes.
But if you spend all your money, you will never become wealthy. Then, you have to work to earn more money. Regardless of how cheap you are, there will always be a limit to how many expenses you can cut. But there’s no limit to how much money you can earn.
That means you have more upside by learning how to make more money. YouTube has made this financial education much more accessible, and it’s free! Finally, you have to invest the money. Just like how you can’t get rich by spending all your money. You also won’t become wealthy by saving all your money. You have to invest your money if you want to become wealthy. Where do you invest?
Stocks, rental properties, businesses, and your own education. While this can sound very daunting, the good news is you can start investing with less than $100. You just have to get started!
What’s your best tip for fighting the impacts of inflation?
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/money-expert-jaspreet-singh-says-130008715.html
Does Beneficiary Designation Overrule a Will?
Does Beneficiary Designation Overrule a Will?
Ashley Kilroy Mon, May 22, 2023
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that’s not the case with many assets. For instance, you can buy a house or set up a savings account without designating who should receive it when you pass away.
While beneficiary designations for specific financial products are necessary, they are not sufficient by themselves for creating a comprehensive estate plan. A financial advisor can help ensure that you have a holistic estate plan.
Does Beneficiary Designation Overrule a Will?
Ashley Kilroy Mon, May 22, 2023
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that’s not the case with many assets. For instance, you can buy a house or set up a savings account without designating who should receive it when you pass away.
While beneficiary designations for specific financial products are necessary, they are not sufficient by themselves for creating a comprehensive estate plan. A financial advisor can help ensure that you have a holistic estate plan.
What Is a Beneficiary Designation?
A beneficiary designation assigns a person or party to receive benefits from a financial product, such as a retirement account or life insurance policy. For instance, say you have life insurance with a $500,000 payout. If you pass away, your insurance company fulfills the policy by distributing money to your designated beneficiary (the person, people, or entity you define in your policy).
You might list your spouse, children or siblings as beneficiaries. You can also choose a charity or nonprofit organization to receive money from your policy.
Some financial products allow you to assign two types of beneficiary designations: primary and contingent. As the name suggests, your primary beneficiary has priority in your list of beneficiaries.
In other words, if you pass away, the insurance company or financial institution will attempt to send payment to your primary beneficiary first. If your primary beneficiary doesn’t respond to the communication or is no longer alive, the company will try to distribute payment to your contingent beneficiaries.
If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
What Is a Will?
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/beneficiary-designations-vs-wills-care-140023243.html
How to Make a Retirement Plan When You Don’t Have Kids
How to Make a Retirement Plan When You Don’t Have Kids
By Kara
I don’t want to have kids. So I hear often: who’s going to take care of you when you get old? And while I don’t love that question, it’s an important one to ask yourself. Today we’re going to talk about how you can set up a financial plan now and later in life to make sure that you have a plan for care.
First, let’s be clear that kids are not a retirement plan in general, and having kids just so that you have someone to take care of you later in life is a really bad idea. It’s also absolutely no guarantee of care.
How to Make a Retirement Plan When You Don’t Have Kids
By Kara
I don’t want to have kids. So I hear often: who’s going to take care of you when you get old? And while I don’t love that question, it’s an important one to ask yourself. Today we’re going to talk about how you can set up a financial plan now and later in life to make sure that you have a plan for care.
First, let’s be clear that kids are not a retirement plan in general, and having kids just so that you have someone to take care of you later in life is a really bad idea. It’s also absolutely no guarantee of care.
Taking care of aging parents is expensive, time consuming and can be emotionally draining. Especially here in the United States where there is a home health care worker shortage and aging is really expensive because of our messed up health care. Even with rapid growth, home care agencies can’t meet demand. More than 85% of the home care agencies in the 2022 HCP benchmarking report turned down cases in 2021 due to the shortage, and 59.7% consistently turned down clients.
Plus, financially speaking, the cost of aging can be astronomical. I recently spent time with my grandmother near the end of her life, and we were quoted $5,700 per week to have a live in 24 hour nurse. $5,700 per week! That’s not per month, that is per week.
As more and more adults remain child-free, the question really does become what is the plan? Who will be there to make healthcare decisions for you or to act as your legal representative if you are incapable? And I do think these questions and more are really, really important to answer. It’s important that our younger, healthier selves make decisions, and set up systems for our older and potentially unhealthy selves.
How to make a retirement plan when you don't have kids
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Personal Representative vs. Trustee: What’s the Difference?
Personal Representative vs. Trustee: What’s the Difference?
A reader writes in, asking:
“I’ve read your book twice, and FINALLY got my wife to face the reality that I’m likely to die before her (I’m 82, she’s 76)!
I love the simplicity of the book, however there is one topic I think needs some fleshing out: the text seems to use the terms Personal Representative and Trustee interchangeably. The functional roles seem a bit fuzzy.
Personal Representative vs. Trustee: What’s the Difference?
A reader writes in, asking:
“I’ve read your book twice, and FINALLY got my wife to face the reality that I’m likely to die before her (I’m 82, she’s 76)!
I love the simplicity of the book, however there is one topic I think needs some fleshing out: the text seems to use the terms Personal Representative and Trustee interchangeably. The functional roles seem a bit fuzzy.
Am I correct that the Personal Rep assists the surviving spouse on immediate-death matters (a short-term function), and the Trustee assists the surviving spouse (and beneficiaries) on post-death (trust) asset management (a long-term function)?
Additionally, am I correct that that a spouse, beneficiary, or friend could be qualified to be a personal rep, but a trustee has more responsibility and thus requires higher qualifications? Lawyers and CPA are so qualified, but they are too expensive to use continuously. Do you have any suggestions on this?”
The personal representative (PR) and trustee roles are analogous but they are definitely not interchangeable. (And to be clear, in my writing I do not use the terms interchangeably. If a given sentence refers to a personal representative, it means specifically the personal representative. And ditto for referring to a trustee.)
In short, the PR is in charge of administering the estate, whereas a trustee is in charge of administering a trust (if any). But they both have the job of managing the assets in question for the benefit of the beneficiaries in question.
To continue reading, please go to the original article here:
https://obliviousinvestor.com/personal-representative-vs-trustee-whats-the-difference/
How Much Cash To Have Stashed at Home at All Times
How Much Cash To Have Stashed at Home at All Times
Jordan Rosenfeld Sun, May 21, 2023
Digital payment platforms like Venmo, PayPal and CashApp have changed the way we use and keep physical cash on hand. Most people rarely keep cash on their person, much less at home. However, there are always unexpected events that can lead to a necessity for having a bit of cash on hand, particularly emergencies ranging from catastrophic weather (hurricanes, wildfire), to power outages. If you can’t access your digital currency or your banking systems are down, having cash can allow you to get gas, food, and medicines with ease.
However, just how much cash should you have on hand? We asked experts to weigh in and the answer is: It depends.
How Much Cash To Have Stashed at Home at All Times
Jordan Rosenfeld Sun, May 21, 2023
Digital payment platforms like Venmo, PayPal and CashApp have changed the way we use and keep physical cash on hand. Most people rarely keep cash on their person, much less at home. However, there are always unexpected events that can lead to a necessity for having a bit of cash on hand, particularly emergencies ranging from catastrophic weather (hurricanes, wildfire), to power outages. If you can’t access your digital currency or your banking systems are down, having cash can allow you to get gas, food, and medicines with ease.
However, just how much cash should you have on hand? We asked experts to weigh in and the answer is: It depends.
Keep Cash to a Minimum
From a security point of view, cash is the most insecure asset you can have. Keeping it to a minimum in the house in the case of fire or theft is a good rule of thumb, said Ryan McCarty, CFP from McCarty Money Matters.
Just how minimum is up for debate among financial experts. Danielle Miura, CFP, the founder and owner of Spark Financials, suggested, “You should keep enough money on hand to get you a couple of gallons of gas, pay for a delivery tip, or to help in unfortunate events,” or around $100-$200 at a time. “Emergency funds should not be held at your home, they should be stored in a high-yield savings account of your choice.”
McCarty framed it more in terms of a ratio: “In terms of amount, don’t let your cash exceed 10% of your overall emergency fund and/or $10,000. You can’t deposit more than $10,000 in cash in a given year without raising red flags with the IRS.”
Enough for Emergency Expenses
Yasmin Purnell, a personal finance expert and founder of The Wallet Moth, a finance website, suggested you keep enough cash on hand in case of an emergency that would require you to access “temporary accommodation, food and drink, gasoline, and medication.” Purnell added, “As a general rule of thumb, having access to $1,000 in cash at home would ensure you can at least pay for immediate expenses in the case of a national emergency.”
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/much-cash-keep-home-times-180337690.html
It’s Time to Rethink Love for Cash With Fed Most Likely ‘Done’
It’s Time to Rethink Love for Cash With Fed Most Likely ‘Done’
Vildana Hajric and Peyton Forte Sat, May 20, 2023
Bloomberg -- Wall Street investors sitting on a pile of cash could start considering other opportunities, with the Federal Reserve possibly heading for a pause in interest-rate hikes, according to Tom Kennedy, chief investment strategist for global wealth management at J.P. Morgan.
“Cash very rarely outperforms, and it takes a long time for rates to go up, but they can come down really fast,” Kennedy said on the What Goes Up Podcast. He also estimated that his company’s clients are the most overweight cash now than they’ve been in a decade.
It’s Time to Rethink Love for Cash With Fed Most Likely ‘Done’
Vildana Hajric and Peyton Forte Sat, May 20, 2023
Bloomberg -- Wall Street investors sitting on a pile of cash could start considering other opportunities, with the Federal Reserve possibly heading for a pause in interest-rate hikes, according to Tom Kennedy, chief investment strategist for global wealth management at J.P. Morgan.
“Cash very rarely outperforms, and it takes a long time for rates to go up, but they can come down really fast,” Kennedy said on the What Goes Up Podcast. He also estimated that his company’s clients are the most overweight cash now than they’ve been in a decade.
Here are some highlights of the conversation, which have been condensed and edited for clarity.
Q: What do you expect from the Fed going forward?
A: The Fed has been on a five-step journey to bring inflation down toward trend. The first step is to tighten financial conditions. The primary tool to do that is to hike rates. And for all of us regular people, that should change your decision.
Step two is those rate hikes impact the most interest-rate-sensitive sectors of the world. When interest rates go up, housing is the part of the economy that tends to respond first. Home-sale prices in America are going down sequentially — not a lot. Home prices went up a lot, they’re coming down a little bit. But it’s evidence now that rates are high enough and people need to change their decisions.
It’s a very short cycle and we have seen the impact there. So step one is raise rates. The Fed did that — 500 basis points. Step two is the most interest-rate-sensitive sectors respond — we’re there. Step three is now those high rates have to impact corporations.
How do rates do that? Higher rates actually limit the ability to borrow money and do capital investment. J.P. Morgan does billions of dollars of capital investment every year. If rates are too high, we can’t borrow and can’t do the capital investment.
If that’s true, we’re taking money or revenue from another business and so on. We’re in that phase. And when revenues in the system start to slow, as we’ve seen in in the S&P 500 as an example — in Q1 revenues relative to year ago are down 4%, give or take.
What do businesses do? They tend to defend their earnings and they can either cut capex more or more likely end up having to do some sort of layoffs — and then finally inflation comes down. So a five step process, I think we’re about halfway there. We should expect to see some level of layoffs in the back half of this year.
Q: You say that your clients are the most overweight cash they’ve been in the last 10 years. I’m wondering — for somebody who is in cash right now, what are you recommending that they actually be doing?
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/time-rethink-love-cash-fed-200000526.html
20 Tips To Stay Financially Healthy Without Sacrificing What You Want
20 Tips To Stay Financially Healthy Without Sacrificing What You Want
Cameron Huddleston Fri, May 19, 2023
If you're trying to live on a budget, you might not feel like you can have the things you want. But you don't have to resign yourself to living a bare-bones existence if your budget is tight -- it's possible to live on a budget and get some of the stuff you want.
Create a Budget That Prioritizes Needs
If your income is limited, make sure it covers your needs first. "Food, shelter, clothing and utilities are needs," said Donna Freedman, author of "Your Playbook For Tough Times. "The rest is just a series of wants."
20 Tips To Stay Financially Healthy Without Sacrificing What You Want
Cameron Huddleston Fri, May 19, 2023
If you're trying to live on a budget, you might not feel like you can have the things you want. But you don't have to resign yourself to living a bare-bones existence if your budget is tight -- it's possible to live on a budget and get some of the stuff you want.
Create a Budget That Prioritizes Needs
If your income is limited, make sure it covers your needs first. "Food, shelter, clothing and utilities are needs," said Donna Freedman, author of "Your Playbook For Tough Times. "The rest is just a series of wants."
Creating a budget can help. List the expenses you have to pay to survive. Add them up, and then subtract them from your income. If there's not much left over, you might have to make some sacrifices. Don't think of cutting out wants to cover needs as deprivation, though -- think of it as a smart use of available funds, Freedman said.
Build an Emergency Fund
If you're living on a budget, you might not think you can afford to set aside money each month in an emergency fund. But would you be able to afford an unexpected cost without savings?
"The thing that keeps you out of debt is to find room in your budget to grow your savings," McClary said. You won't be able to build your savings quickly, but if you can stash away a little each month, you can fall back on your emergency fund rather than go into debt when something unexpected happens.
Tackle Your Debt in Smart Ways
When you're struggling with debt, you don't want to just keep paying the minimum balance on what you owe. However, you may not be able to afford much larger payments, so you should look at other smart ways to tackle your debt. A personal loan could consolidate that debt into one set regular monthly payment.
Take Advantage of Tax Breaks
If you're a low-wage worker, take advantage of tax breaks when you file your tax return -- such as the earned income tax credit. To qualify for the 2022 tax year, your income must fall below certain limits: from $16,480 if you're filing as single, head of household or widowed with no children, to $59,187 if you're married filing jointly with three or more children.
If the credit you receive is more than the taxes you owe, the IRS will refund you the difference. That tax refund can be used to help pay off debt, build an emergency fund or cover additional expenses.
Eat at Home
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/20-tips-keep-finances-order-173104250.html
8 Ways to Prepare and Protect Your Money
Experts Explain Hyperinflation and 8 Ways to Prepare and Protect Your Money
Imagine a world where money is worth practically nothing, and the costs of goods increase rapidly, doubling and tripling day after day. This situation might sound like a fictitious movie plot, but it has happened many times before in our world. It’s called hyperinflation, and it can wreak economic devastation on people.
Right now, the increasing prices of goods and services across the board have already stretched people’s budgets. That’s just called inflation. But during hyperinflation, things would get dramatically worse. While the odds of this happening in the U.S. are small, there is no better time to get your financial house in order.
Experts Explain Hyperinflation and 8 Ways to Prepare and Protect Your Money
Imagine a world where money is worth practically nothing, and the costs of goods increase rapidly, doubling and tripling day after day. This situation might sound like a fictitious movie plot, but it has happened many times before in our world. It’s called hyperinflation, and it can wreak economic devastation on people.
Right now, the increasing prices of goods and services across the board have already stretched people’s budgets. That’s just called inflation. But during hyperinflation, things would get dramatically worse. While the odds of this happening in the U.S. are small, there is no better time to get your financial house in order.
Financial planners and experts share their best tips and personal finance advice to prepare for any economic scenario, including hyperinflation.
But First, What is Hyperinflation?
Inflation can signal that an economy is growing and demand for goods and services is rising. However, hyperinflation is not just about high growth in the cost of goods.
“The biggest misconception about hyperinflation is that we’re in it now,” said Mike O’Leary, co-host of early retirement and frugal living podcast Friends on FIRE. “Economists typically define hyperinflation as a month-on-month increase of 50% or more. We’re currently experiencing an uncomfortable but fairly normal inflationary cycle.”
Why Does Hyperinflation Occur?
Hyperinflation is complex. There are many reasons why hyperinflation could occur. Every country’s economy is different and has its own unique path that could lead them down into this nightmare scenario.
However, common underlying causes of hyperinflation include:
a rapid increase in the supply of money without a currency backing such as gold
a rapid rise in the demand for goods and services
In the past, some governments have rapidly increased the money supply by printing money. Hyperinflation occurs when excess money is rapidly added to an economy, such as Brazil’s 1995 hyperinflation. From 1985 to 1994 prices rose by a mind-boggling 184,901,570,954.39%.
Common Hyperinflation Misconceptions
Understanding exactly what hyperinflation is and isn’t so you can spot the actual indicators is important. A common misconception about hyperinflation is that it is something that could quickly occur. Just because the price of clothing, electronics, utilities, or gas dramatically increases does not signify inflation, much less hyperinflation.
“Broad economic indicators can signal the onset of inflation. These include things like the money supply, the consumer price index, and the producer price index. By monitoring these, you can make sure you’re not caught unaware by a sudden surge in prices”, said Michael Ryan, an experienced Financial Planner.
8 Ways to Prepare for Hyperinflation
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