Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do with this extra money? Dan Cuprill will share nine different ways to use your cash and explain the pros and cons for each.

Key points on this episode:

2:26 – Spend it

3:24 – Put it in the bank

5:02 – Buy annuities

6:03 – Address an exposure you have in your plan

8:13 – Invest in an iBond

8:59 – Take advantage of discounted stocks/bonds

9:44 – Pay off debt

10:21 – Give it away

10:58 – Ask yourself this question

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No matter where you look, there’s very little positive financial news right now. Inflation is soaring. Markets are tumbling. Supply chain issues continue. You’re probably wondering if this time is different. Let’s take a look at this current investing environment and share a few of the things we’re telling our clients.

Get additional financial tools here: https://www.moneyandclarity.com/podcasts/

What we discuss in this episode:

2:15 – Markets dropping isn’t a bad thing

4:10 – Markets aren’t linear

6:27 – Like a difficult medical procedure

8:31 – This is factored into your plan

10:00 – Moments like this are normal

Real estate prices have been soaring over the past few years and that has plenty of people worrying about a bubble coming. Rather than stressing over something that may or may not happen, take time to enjoy the rising home values. Let’s talk about how you can do that and why we think this is a great thing.

Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/

Today's Key Points:

2:02 – Not happy about high prices?

3:40 – Is this a bubble?

5:17 – Tangible asset

5:56 – Rise in value is a good thing

7:40 – Emotions drive decisions

8:53 – What you need to understand

10:12 – What you can do now