Inflation What is inflation? Here is an example, if inflation was four percent in one year and you bought something for 1.00 the previous year, it would now cost you 1.04 dollars this year. In other words, it takes more money to buy the exact same goods and services. Inflation is calculated by what is called the consumer price index. Economists take a basket of average consumer products and using that information they get a good idea of what inflation was in any given year. Central banks typically like inflation […]

Why Are We in This Situation A wise man once said, “You can oft times learn more by your failures than you can your successes.” It is important to reflect on the areas that we struggled in so that we can lean from it. There are a few things that I have found can get people into a bad situation financially. There are a few key items that I believe contributed significantly to the dilemma that we are in today. One is the fact that we seem to love impulse […]