Episode 135 - Inflation and Investing - Is your money really working for you?

Welcome to Episode 135 of A Wealthy Life - "Inflation and Investment - Is Your Money Really Working for You?
In this episode I discuss effective strategies for making your money work harder amid financial challenges like inflation and unaffordable mortgages.
Discover how inflation silently erodes your savings and why investing wisely is the key to ensuring your money grows over time.
I share practical tools to monitor your income and expenses, alongside steps to build a robust emergency fund that will bolster your financial resilience.
By splitting funds between easy access and short-term notice accounts, I share how to optimise interest rates without sacrificing liquidity. Learn how you can also make the most of cash ISAs to enjoy tax-free interest and keep a sharp eye on your finances.
Understand the real impact of inflation on your purchasing power and savings with historical insights, personal anecdotes, and investment strategies.
I address the advantages of property investment and how compounding interest can significantly grow your wealth over time.
Transitioning from low-risk to higher-risk investments, I talk about the importance of due diligence, particularly with volatile assets like crypto.
By mastering these essential financial principles, you’ll be better prepared to build wealth for yourself and future generations, achieving the ultimate goal of financial independence.
-------- EPISODE CHAPTERS --------
(0:00:10) - Making Money Work
Inflation and investing impact personal finances, so monitor income and expenses and have an emergency fund.
(0:13:10) - Understanding the Impact of Inflation
Inflation erodes purchasing power, historical rates vary, and investments must match inflation to maintain value.
(0:20:54) - Building Wealth Through Property Investment
Compounding interest, inflation, stock market risks, property investment, and building wealth over time.
(0:37:00) - Maximising Money Through Wise Investments
Transitioning from safe to high-risk investments, understanding inflation, and achieving financial independence for future generations.
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Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them