Quick Hits: Inflation is Bananas | Stick with Urgency | Retirement Debt

Seminar stick rates not what they used to be?

People not booking as much as you like at your workshops?

You need to create urgency in this type of marketplace. 

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Here are your Quick Hits:

Americans Reducing Retirement Savings and Taking on Debt Due to Inflation

  • “Allianz Life study finds ongoing inflation is hampering Americans ability to prepare for their financial future, but many are optimistic inflation will subside.”
  • “51% have taken on more debt because of inflation”
  • “42% have withdrawn from their retirement savings because of inflation”
  • “67% are more concerned about paying bills than about their financial future”

The Real Cost Of Working Too Hard For Too Long

  • Super insightful medium piece written by one of my favorite authors. Story rings true for a lot of us.
  • I believe you have to create a free account to read the whole article.
  • Favorite part:

“In Japan they have a word, karōshi, which translates to death from overwork. In Korean it’s gwarosa. Is that what you want to be? A workhorse that draws its load until it collapses and dies, still shod and in the harness? Is that what you were put on this planet for?

Do you want to be the artist who loses their joy for the process, who has strip-mined their soul in such a way that there is nothing left to draw upon? Burn out or fade away — that was the question in Kurt Cobain’s suicide note. How is that even a dilemma?

It’s human being, not human doing, for a reason.

Moderation. Being present. Knowing your limits. This is the key. This takes just as much discipline as pushing yourself hard.

The body that each of us has is a gift. Don’t work it to death. Don’t burn it out.

Protect the gift.

Take care of yourself out there!”

U.S. stocks have ‘limited upside’ from here, says Goldman Sachs Asset Management

  • Looking for an article to create some urgency in your drip process right now? This one should do it.
  • “Monetary policy typically operates with a lag of about two years so if you’re going to see that recession — and it is an ‘if’ statement, the base case is we don’t get a recession — but if you were ever going to get a recession, it would be ’24, not ’23.”

Trader Joe’s Raised the Price of This Bestselling Item by a Whopping 20%

  • If a 20% increase in a commodity doesn’t scream that inflation is still a big thing, not sure what does!
  • “According to data collected by the U.S. Bureau of Labor Statistics, the price of bananas has remained at a steady $0.62–$0.64 per pound since November 2021. Assuming four bananas typically weigh about a pound (and yes, bananas vary in size), the average price per banana in the U.S. would be about 16-cents per banana. Using that math, Trader Joe’s has been potentially overcharging for bananas for quite a while!”