Clearly, everyone is hurting right now economically. Grocery bills, gas and the overall cost of goods are often times double what they were under the Trump presidency, but income is not increasing at the same rate.
Grant Botma, two-time best selling author and founder of the two-time Inc 5000 Fastest Growing Company Stewardship, joins this episode of The Jeff Dornik Show to share his take on what’s actually going on.
Given his expertise in finance, mortgage and insurance, Grant was the perfect person to break down the real world impact of Presidential elections on the economy. He explains that inflation is a bigger problem than just the government printing money. He then shares what you can do to protect you and your family during these difficult economic times.
One of the things that most people think is the sole cause of inflation is the government printing money. While that is definitely a contributing factor, we cannot forget rising minimum wage, supply chain issues, government regulation, higher taxes and a host of other hands reaching out for more money, raising costs with each touch.
As we head into the 2024 Election, Botma reminded the viewers that whoever becomes president has a direct impact on the state of the economy. We have to look at each candidate’s plan… not just their rhetoric.
Most Republicans will say that they want smaller government, but if they don’t have a plan… there’s no reason to believe them. The more involved the government is, the higher the cost of living becomes. The more deregulation and freedom provided, the easier the economics in America become.
With inflation skyrocketing, now is the time to protect your assets. As Grant Botma explained during this episode, turn your money into an income stream either with high yield savings accounts or investing in a business. Another strategy to implement is investing in assets like gold and precious metals. Reach out to Our Gold Guy to see if investing in gold is right for you. Be sure to let him know that Jeff Dornik sent you.