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Financial Planning
I am a Chartered Wealth Manager and Partner in a financial planning practice based in the UK. If you would like to find out more about our services, please follow this link: https://go.novawm.com/getintouch

Inflation can be hard to get your head around, but you need to because it's a hugely powerful force. Although inflation may seem like a small effect from year to year, it compounds over time, resulting in massive losses of purchasing power.

But it gets worse; As we get older, we start to rely on different goods and services, like health care, and the prices of these goods inflate at a much higher rate than 2%.

The solution is simple: only hold enough cash as is absolutely necessary. The rest needs to be invested.

But most people don't fully understand inflation, and even if they do, they don't know where they can invest with confidence.

Resources to check out:

Bank of England Price Changes
https://www.bankofengland.co.uk/knowl...

US Money Supply
https://tradingeconomics.com/united-s...

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - James is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst James is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

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00:00 Intro
01:14 What is Inflation
04:50 Infinite Money (Money Printing)
11:00 Why inflation is good
13:45 How inflation affects you & how to protect yourself