Thank you for joining us on this episode of Fantastic Females. I’m Kalyani, and together with Rupali, we’ve delved into the fascinating world of inflation. If you missed part 1 of this topic, be sure to check it out on episode 6 of our podcast.

In this episode, we explored some important concepts like the Federal Reserve (or the Fed), the role of the Federal Open Market Committee (FOMC), and its head, Jerome Powell. Powell faces the challenging task of bringing inflation back to a target rate of 2%. To avoid a prolonged period of inflation, known as stagflation, he’s taking measures like increasing interest rates to influence consumer spending and corporate funding.

We also discussed how inflation and unemployment can create a self-perpetuating cycle that hampers economic stability. However, it’s essential to maintain a positive mindset and not get carried away by fear-driven sentiment in the market. Inflation numbers are lagging indicators, and panic can be fueled by sensational headlines. Understanding the economic cycles and adopting an abundance mindset can help us navigate these changes with confidence. To combat the impact of inflation, we suggested focusing on two aspects: income and expenditure. Building an emergency fund equivalent to three times your salary is a smart move. Once you have a secure financial cushion, consider investing in opportunities like stocks, real estate, or creating passive income streams. Diversification is key to mitigating risks and optimizing your assets.

As a reminder, we are not financial advisors, so it’s important to conduct your own research and make informed decisions based on the information you gather. Feel free to share this episode with your loved ones, and don’t forget to follow us on social media at Fantastic Females for more empowering content.

Thank you for joining us on this financial adventure, and we’ll see you next time!