You don’t need me to tell you that household costs are going up, or that inflation is at a 30-year high.
But I came across this chart this week, and it was a tough pill to swallow.
Money just doesn’t go as far as it used to. And that’s before inflation really started to take its toll.
The challenge here is that a dollar today isn’t worth what a dollar was worth a year ago.
And that means one of two things:
We either need to find ways to make our dollar go farther…
Or we need to find ways to make more dollars.
Ideally, we can do both. But I know that’s not always easy. There’s only so many things you can buy the “Great Value” brand of.
And making more money, even in the markets, is no guarantee.
But today, I want to offer you a word of encouragement, because I’ve been where many of you are today.
I know how challenging trading can be. It may seem like I live the dream life for a trader, but you have to understand, before my incredible success in 2020, it took me 20 years of hard work, dedication, and research to find the strategies that would ultimately work for me!
And that’s not a brag in any way. It’s actually an encouragement to you to realize that we’re running a marathon, not a sprint.
When the cost of living increases six percent in a year, you can’t expect to make that all back in a day.
Trading is hard. There’s a reason we put so much research and hard work into it!
But by taking little opportunities to improve yourself and your circumstances, you can start to make more progress than you might think.
So just keep your chin up, work hard, and keep on chugging.
The next few years could be tough, but we’re gonna get through them together, I believe that.
Hope you have a great weekend,
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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