Why Prices Are Going Up And What To Do About It

Why Are Prices Increasing 

In today’s world prices are going up exponentially fast the fastest we’ve seen in decades. 

Housing: Global housing prices increased 7.3% on average in the 12 months to March 

the fastest pace since 2006, according to Knight Frank’s Global House Price Index. 

The top five countries for price growth are 1) Turkey  2) New Zealand 3) Luxembourg 4) Slovakia and 5) the US. 

Shipping: 

The cost of moving a container from China to Dubai has ballooned to $5,000 from $1,000 last year, according to SCMP. 

Food: A UN food price index soared 40% in May, the largest jump in a decade. Low-income countries will suffer the worst effects of this food inflation. 

Consumer goods: 

Prices across 36 mostly wealthy countries rose at their fastest pace in more than 12 years during April. 

Economists are chalking up this eye-popping inflation to “base effects”—meaning these numbers only appear huge because they’re being compared to last spring, when prices plummeted at the onset of the pandemic.

What Can You Do About The Prices Rising?

Well you can’t do much about it from a level of keeping the prices from going up. You can literally off set price increases by making more money. 

Their are a few ways to make more money I have a few ways you can make more money right now. 

1. Get a raise at your current job

Most people can actually make more money if they put more effort at their current place of employment. The average employee is just their to count the hours and get a check. With a lil effort they  could make way more money. 

2. Find A Higher Paying Career Or Job 

If you find that you’re not getting anywhere at your current employer then maybe it’s time to move on to a new job. This is your best bet to get a raise in income.

3. Get A 2nd Job 

Worst case scenario if all else fails get a ……Wait for it….. A 2nd Job. Yup I said it but the caveat is that you don’t use the 2nd job money for investing in dividend paying stocks, starting a e-commerce business or something that would generate some passive income. 

Once the passive income starts to become a stream of income that you can depend on then you can stop working a 2nd job. 

So these are the 3 ways to help yourself and deal with the price increases. 

So thanks for subscribing to the blog or watching the video.

It’s the man the myth 

The Wealthbuilder himself 

DeVaughn Put In Work Burke

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Why Are Prices Increasing And What You can Do about it. 

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