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This week on the Pete the Planner Show, Pete and Damian decide if they’re shirts on or shirts off kind of guys at the beach!
Remember: In the first six months of 2021, we’re going to make over five families’ financial lives, LIVE on the air! WE’RE GIVING AWAY FIVE FREE HEY MONEY, MEMBERSHIPS to walk with them across six months telling their stories about their struggles in personal finances. Check us out!
No time to listen? Here’s a preview of what happened and when:
Show Notes:
INFLATION IS INFLATING THINGS: [5:22]
- “How much exposure do people have to inflation, based on the lives they live?“
- FUEL PRICES: Fuel prices are rising, but I don’t think people have full exposure to it.
- Damian: Fuel is a place where people can feel the pinch, but right now, we’re fortunate enough where life isn’t the same as it was two years ago: people aren’t driving as much.
- GROCERIES & RESTAURANTS: Any increase in demand, can increase prices. Any reduction in supply can increase prices as well.
- Damian: Commodities are often affected in rising prices. Hopefully this is temporary.
- Pete: Futures and commodities are stable to the point they don’t indicate this will be a long-term issue.
- FUEL PRICES: Fuel prices are rising, but I don’t think people have full exposure to it.
MAILBAG QUESTION: [17:17]
- My wife and I have been looking to sell our home and purchase one that fits our needs better. Any time we find a house we like, it sells quickly or for more than we’re willing to pay. In the current market, our Realtor things we can get $30-40k more for our home than we could have a few years ago, which would get us about $100k in proceeds. Does it make sense to sell while the market is high and then rent for 1-2 years and wait for prices to come down?”
- Damian: If you need to sell your house right now, then do it.
- If you want to sell your house right now, there’s only one way we’d encourage you to do that: be okay with renting for awhile.
- Damian: This could be an interesting time for you to make really serious move in your financial standing.
You’ve got to hear this whole chat. There’s just too much not to miss! There might be something you can think about. — click PLAY below for the full show.
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.