The FED raised the interest again! What should you do?
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The Fed increased interest rates recently and there are more interest rate increases coming up. In this video I discuss why they are doing this to combat inflation and how it affects your consumer debt (credit cards, car notes), mortgage, stocks and bonds.
The Fed raised the interest rate a few months ago and just this week raised it again. There are talks of a few more raises before the end of the year!
I also share some tips on things you can do to shield yourself against these increases the cost of debt and will have a direct impact on your plan to get out of debt (whether you are using the debt snowball or debt avalanche approach).
In the video, I remind you to be looking out for the best savings accounts in this season
The cost of food is rising and the cost of gas is rising too due to inflation which means that rising interest rates will cause you to have less funds available for these essentials.
Chapters:
0:00 Rising Interest Rates
0:41 Inflation
2:51 Consumer Debt
3:59 Mortgage
6:32 Stocks
7:23 Bonds
8:31 Savings Accounts
9:19 2 Bonus Tips
Other videos referenced in this video
Inflation and how it impacts your life - • What Inflation Is And What They Don't Want...
Savings Accounts - • HOW TO CHOSE A SAVINGS ACCOUNT - AN HONEST...
How to Get Out Of Debt Fast - • How to get out of debt fast in 2025
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