How to Prepare And Protect Yourself from Inflation
episodePreviously titled “Ep 114 | How to Protect Yourself from Inflation” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
20 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
How will this episode help me understand and soften the impact of rising prices?
If you've been struggling with the rise of prices in so many areas of your spending today's episode will help you better understand inflation and what you can do to soften those price increases. Stick around as I share how you can create your own economy where you have control that will better prepare you for those increases that are guaranteed to happen. welcome to wealthy after 40 where i help you turn retirement uncertainty into a clear actionable plan if you're thinking about retirement but feel unsure whether it's even possible i understand the gap between where you are now and where you want to be can feel overwhelming but it doesn't have to Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach.
Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Welcome to the episode. And before we dive into the topic, I want to celebrate my client who now feels she is in control of her money.
She shared this with me during a month that was really hard financially, a lot of changes, a lot of things that she needed to put into her essentials. But she said, I had the means and I knew how to take control. And If you're interested in learning how to be more in control, book a free Q&A call. Let's chat about how that will work for you and discover the next move in working together. Today's topic, inflation. Everyone's talking about it. I'm sure you have had the conversation with family, friends, co-workers, neighbors, seen it on social media, read it or heard it in the news. all of those things. And really when everyone is talking about it, sometimes we get this feeling of, oh my gosh, this is horrible.
This is nothing. We can't handle this. And it's really just gonna kill us. Having said that, inflation is nothing new. Now there are times in the economy where it is sky high. It does drop a little bit. It will never decrease to what it was.
Who is Daylene Higgins and why does her retirement experience matter for inflation planning?
We know that from our parents, having mortgage payments of $100 to now individuals having mortgage payment of $4,000. That is inflation. And recognizing this and understanding this is important. However, I don't expect you to Go take a micro or macro economics course. Believe me, therefore, those individuals can work all of those things in their brain. I sat through those. They were entertaining enough, but very wow. But overall, they helped me understand kind of how the economy works and kind of the understanding of how it's going to affect me. I hope through this episode, I can support you in understanding, but also being prepared with your arsenal of how you're going to specifically take action. That's where we're going to find the power, and that's the most important.
But before we dive into that, I want to go back to everyone's talking about it. And so there seems to be this doom and gloom. especially those of us who are looking at retirement, waiting for retirement, hoping retirement, and then when there's discussion, do you really just go, well, it's never going to happen? Is that true, is what I want to ask you, or is that a sense of feeling you're getting because everybody is talking about it? It's hard to determine that for yourself if you're uncertain about your finances and where they're going initially. as you're exploring this and as you're hearing this, you might be thinking, yeah, well, my budget's a little tight now, especially if you're keeping track of it.
You might be thinking, am I going to be able to retire? Yes, it is still possible. And the thing I want you to take from today's episode, if you take nothing else, is what a better time to learn how to navigate inflation and
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Chapters
3 chapters
1
How will this episode help me understand and soften the impact of rising prices?
0:00–3:01
2
Who is Daylene Higgins and why does her retirement experience matter for inflation planning?
3:01–11:42
3
Why does public conversation about inflation create panic and how should retirees interpret it?
11:42–20:07
Speakers
2 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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Why Do You Fear Retirement? The Answer Might Surprise You