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A Bunch of Hot Air
Written by Steve | Published: |
A few days ago I was coming home from an early morning workout and it looked like a hot air balloon was taking off out of my driveway.
I snapped a quick picture while I was at a stop light and sent it to my wife to go check it out with the kids.
I haven’t been on a hot air balloon ride yet, but it looks like a lot of fun.
If you are ever looking for a cool event to go to every year in Albuquerque, New Mexico they have a balloon festival in fall.
There are hundreds of hot air balloon teams that have the most creative and fun hot air balloon designs.
At first they use large fans to blow massive amounts of air into the balloons then they use their burners to get that air nice and hot until the point that the air in the balloon is hot enough to lift them off the ground.
I still don’t understand how they steer those things but that will be research for another day.
This past week we got the consumer price report and it was not good.
It showed that inflation has had its steepest monthly rise in about 30 years coming in at 6.2%.
However, I think this is a manipulated number because:
Fuel is up 59%
Used cars 26%
The list goes on.
So what is causing all of this:
Bad policy? — Maybe…
Unskilled administration? — Who’s the judge…
Not enough people at work? — I don’t know…
Underperforming GDP? — What is causing that?…
There are so many variables when you look at the market, all I know is that there is a lot of HOT AIR out there. The money printing is making your hard earned and saved money become worth—less.
Here’s a quick check.
Einstein has been acclaimed to have created the rule of 72. Essentially if you take 72 and divide it by the rate of return you are getting, that’s how long it will take for your money to double.
For example if you are earning 5% in the market — 72 / 5 = 14.4 years for your money to double.
This equation works the other way as well. If inflation is at 6.2% then 72 / 6.2 = 11.6 years for the value of your money to be cut in half.
The government is literally increasing their tax on you by making your money worth—less.
So if you need $100k to live the lifestyle you want and retirement is 11 years away. You better be planning on having your assets produce $200k per year by the time you retire.
I hope you can see how big of a problem the stealth tax is.
One of the ways we help our clients combat this is with scientifically optimized triple income staggering. It’s part of our proprietary process to make sure you win at this thing called retirement.
I hope you have this under control in your plan. If not, let us know how we can help you.
Until then let me know if you have ever gone on a hot air balloon ride yourself.