And now it's time to tighten my belt.
We just returned from summer vacation.
We ate cheese and meat, drank wine and shopped.
And so therefore I gained 4 to 5 pounds as I consumed more than I burned.
I hate that I have to now try to lose the weight.
It’s hard to eat less.
It’s hard to cut out wine.
It’s hard to get back into running.
If I don’t lose the weight, I will continue to get fatter.
During covid, the Fed and Gov’t provided us with a lot of stimulus (money).
So we ate out, drank and shopped.
Inflation is just like fat.
We are consuming more stuff than we can make (or produce because the supply chain is fixed in short-term).
So the economy got fat.
As the Fed tightens financial conditions it’s like The Fed is trying to put us all on a diet and make us work harder.
We can’t sit back anymore.
We all hate that we have to trim the fat.
Same with the economy, we need to cleanse and get back to work.
Just like I have to get back to running so I can once again fit into my pair of skinny jeans that don’t fit right now….and stick to our budget!
Inflation isn’t scary.. but this fear is what just drove the stock market into bear territory.
Just like adding a few lbs isn’t scary…
We need to focus on what we can control.
You can control how much you eat, how much you work,
how productive you are and how much you spend.
Stop googling ‘recession’ (the most googled term out there right now)’
and let’s get back to work.
If you need to do any type of financial or portfolio cleanse, now is the time.
Please reach out if you would like to have a conversation.
Your Friendly Wealth Engagement Guide,
Tiffany Kent
Wealth Engagement LLC
3715 Northside Pkwy NW
Building 100 - Suite 500
Atlanta, GA 30327
Office: (404) 795 - 6124 / (917) 826 - 5955
Email: tiffany@wealthengagement.com
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security.