How to Win in This Economy - Carl Gould #5664

Summary: We saw the average price of a Thanksgiving meal go up this year as a direct result of inflation. How much longer will we see these trends, and can you experience financial wins despite volatility? Business transformation expert Carl Gould comes on the show to talk about this topic, and proposes a few different strategies for investing during this time. Furthermore, we discuss what is going to happen with employment, and things to be mindful of within your career or business. Tune in for more insight. Highlights: -The average cost of a Thanksgiving meal is up, which is directly indicative of inflation -Some retailers are rolling back their prices for Thanksgiving food items -We should expect higher than normal prices for the next 3-6 months -You want to look for industries that are low now and on the rise (i.e. real estate) -Invest and then participate in all of the up gains -The Federal Reserve is being careful not to stall the economy while raising rates -The job situation hasn’t deteriorated yet, but we can envision this happening -Salaries will probably come down, and an unemployment correction won’t happen for a while -When hiring, be cautious of those that have been moving around and may back out during tough times -The average tenure of an employee is now three years -Performance based pay is also very valuable -One of the top strategies in a volatile economy is to bundle products/services together. This eliminates the cost of client acquisition Useful Links: Financial Survival Network Carl Gould