What people don't understand is that inflation is not always a bad thing.
Inflation is when they print money, it dilutes the value of everybody else's money. When they print, everybody else's money loses value because there's more money in the supply.
This is always considered a bad thing, but not in every case. Let's say, hypothetically, you have $50,000 worth of debt. If you have $50,000 worth of debt and they print and the value of the dollar drops, well, your debt will stay $50,000 and it'll be much easier to pay off your debt.
Let me explain. Your debt will stay the same, but how much you make should increase. The business you work at or the business you have should increase in how much money it makes to offset all of this inflation.
This is how the economy works. Also, inflation means they're printing and this printing adds liquidity to the market, increasing asset prices. If you hold assets like crypto, real estate, or stocks, inflation doesn't even affect you in the first place because your assets are going up in price.
If you learn how to use debt to your advantage and you learn how to invest and use that to your advantage, honestly, inflation doesn't affect you. But if you ignore every financial decision in your life and just give it to somebody else as a financial advisor, then yeah, you will be affected if you're not thinking about these things.
Just my opinion.
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