Harry 
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Hello, friends! Welcome to the amazing show
“Path to a Billion.” Today, we’re going to talk about something that connects us all more
than our love for cat memes — inflation! Yes, it’s that very word that makes your wallet
tremble and the price tags in stores go up. So, what is inflation? It's when prices for everything go
up, but salaries don’t. Inflation happens when there’s more money in the
economy than goods and services. Imagine you’re playing the game "Monopoly,"
but every time you get your salary, your $200 turns into $20. And someone’s still
out there building hotels on every square. Who’s to blame for inflation? Oh, here we can play "Find the Guilty Party."
Inflation is caused by a bit of everyone: the government, banks, and global prices that
soar without demand, like hotcakes. In short, everyone is pulling the blanket to themselves,
while ordinary people end up paying for it. Can you hide from inflation? You can, but inflation is like
the tax office — it always finds you.
So, how do you protect yourself from inflation?
First — don’t keep money under your mattress. No, this doesn’t mean hiding it in the microwave
or refrigerator. Just invest.Buy stocks, gold, real estate, cryptocurrency, and invest
in businesses. Money should work for you. There’s a whole spectrum of inflation:
from "Moderate" to "Hyperinflation." Moderate inflation is like a mild
cold — unpleasant but manageable. Hyperinflation is like an apocalypse: total chaos, people running around in panic,
and prices skyrocketing every hour. Here’s an example of inflation from history
— hyperinflation in Germany in the 1920s. After World War I, the Weimar Republic faced
enormous economic difficulties, and by 1923, the situation had spiraled out of control.
Prices
were rising so fast that money lost its value in just hours. In January 1923, 1 US dollar was worth
about 17,000 German marks, but by November of that same year, it was 4.2 trillion marks. People
carried money in baskets to buy groceries, and children were allowed to play with
banknotes because they were cheaper than toys. In the end, to keep inflation under control, it's important not to inflate government
spending, avoid excessive money printing, and support production. For ordinary people,
it’s crucial to manage their finances, invest in assets that protect against inflation,
and avoid unnecessary spending. Most importantly, remember that the economy is cyclical, and after
any price surge, stability eventually follows. And now, let’s move on to our interesting facts: The savvy entrepreneur Richard Branson showed with
his example that private islands are not just a luxury but a good investment.
The island
of Necker, which he bought for $180,000, is now worth 1,100 times more — $200 million. Who
knew we should have been investing in islands? About 50% of new businesses close
within five years of opening. 30% of them shut down within two years. Turns out,
business isn’t such a simple thing after all. The "millennial" generation (people born
between 1980 and 2000) is three times more likely to add brands and companies
as friends on social media than their own relatives. I never thought it would be hard to
become a child’s friend unless you’re Apple. Thank you for joining us on this
show! I hope you found a lot of interesting information.
If you want to
dive into an atmosphere that will boost your business skills, click the link
in the description to play "X Empire.".
