Is Your Money Keeping Up With Inflation?

In today's unpredictable global economy, you obviously never know what is going to happen next. Uncertainties and concerns regarding the Iraqi threat, North Korean crisis, and hidden terrorist cells and networks continue to loom in the back of the minds of consumers. Moreover, the stock markets and industries around the world.

Price inflation is another major concern for everyone. The latest Consumer Price Index (CPI) number released by the U.S. Department of Labor's Bureau of Labor Statistics states that prices, in all U.S. cities, are up 0.1% in the month of December for the calendar year of 2002. The Consumer Price Index (CPI) is a program that produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services. Furthermore, the national unemployment rate continues to remain steady at 6.0% for the month of December 2002. Believe it or not, this may not be as bad as it sounds.

Economic theory suggests that an increase in the inflation rate will lead to a decrease in the national unemployment rate. But since the unemployment rate is currently 6.0%, this may also suggest that in order for this rate to eventually decrease, we should expect more inflation in the future. The recent upsurge in oil prices together with precious metals supports this theory and may also be a hint of what's to come.

Well, it seems that you probably can't avoid inflation, but there are definitely opportunities that you can take advantage of, in order to keep up with it. One option might be to consider depositing your money into a savings account rather than a money market account. Most major banks are currently yielding an Annual Percentage Yield (APY) that ranges from 0.5% to 0.75%. Even though this is pretty low, it is higher than what most money market accounts are currently offering.

One of the best rates that I have recently seen is ING Direct's offering of 2.25% APY for their Orange Savings Account. But if these rates are not what you are looking for, consider investing in the stock market. With the latest downturn in the economy, shares are pretty cheap and going fast. There are now many online brokerages that allow consumers to purchase stocks for a small fee. For instance, Sharebuilder lets consumers invest for as little as $4. However, please be wary, this investment option is a greater risk so you should consult with a financial advisor before taking this step.

Whether you choose to put your money in these investment opportunities or not, it is up to you. But just remember that if you don't, you are actually losing money because the "purchasing power" of your dollar is decreasing as the inflation rate is increasing.

Carlos T. Fernandez is the business columnist for Dominican Times Magazine, a publication that focuses on the hispanic culture and the issues affecting its communities. He is also the publisher of a popular financial planning and management website entitled Building Wealth (http://buildingwealth.blogspot.com).

In The News:

Want To Be Rich? Use These 5 Tips To Automate Your Wealth  ForbesYou can grow your wealth automatically. These tips show you how you can automate your finances to increase your wealth and achieve the retirement of your ...
Christal Jackson Is Building Wealth and Catalyzing Impact As A Venture Philanthropist  ForbesIn order to produce the next Mark Zuckerburg and Elon Musk, black founders need support. Christal Jackson is doing just that.
3 Renaissance Man Rules of Wealth Building  Stock InvestorOne year ago this week, with the help of an amazing and brilliant staff, I launched my lifestyle podcast and website, Way of the Renaissance Man. I chose the ...
Want To Build Wealth? Bring Your Spending In Line With Your Values  ForbesMany financial experts say the path to wealth is all about cutting spending. But that's only part of the story. The truth is that you can spend extravagantly if you cut ...
3 Wealth-Building Myths That Could Leave You Broke  Motley FoolDon't believe everything you hear. These common pieces of money-making advice have some serious flaws.
Despite 114% Growth Rate, Women-Owned Businesses Do Not Generate Same Wealth as Male-Owned Businesses  PRNewswireCHICAGO, July 18, 2019 /PRNewswire/ -- A new report produced by Asset Funders Network (ANF), in collaboration with Duke University's Samuel DuBois Cook ...
How to invest in real estate to build long-term wealth  Business InsiderIf you don't have the cash to invest in real estate by buying a property, try investing in a real estate investment trust (REIT).
'Wealth building' Sunshine Coast financial firm folds, liquidator appointed  The Weekly TimesA BUDERIM financial investment firm which uses Cash Flow Accelerators to guide clients through wealth building has gone into liquidation.
Did You Know That Tulsa Has a Wealth of Art Deco Architecture?  Architectural DigestA construction boom in the early 20th century turned this Oklahoma city into a hotbed of Art Deco architecture.
Build wealth by investing in your advisory business  InvestmentNewsYour investment in your firm will essentially grow tax-deferred as the value of the business increases.
African American Wealth May Fall to Zero by 2053  Black EnterpriseAccording to The Road to Zero Wealth report, the median wealth of black Americans will fall to zero by 2053 if current trends continue.
Asian Wealth Management and Asian Private Banking - Motilal Oswal: Building and Diversifying India's Asset Management Industry  HubbisAashish Somaiyaa, Managing Director and Chief Executive Officer of Motilal Oswal Asset Management, believes that the outlook for India's wealth management ...
When to use debt to build wealth, according to a financial planner  Business InsiderAvoid using loans or credit cards to pay for things that lose value over time, says certified financial planner and wealth adviser Helen Modly.
Black Families Can Build Wealth Through Homeownership  tntribune.comBy Clare Bratten. NASHVILLE, TN – The National Association of Real Estate Brokers (NAREB) came to the Opryland Hotel as a part of the Full Gospel Baptist ...
Tech co-ops circulating cash in Finsbury Park to combat offshore 'wealth extraction'  Islington GazetteLaunch of new tech co-op working space at 113-115 Fonthill Rd N4. Speakers at the launch event on July 12, 2019. include (front from left) Matt Brown leader of ...
How short-term thinking kills long-term wealth building – Dawn Ridler  BizNewsDawn Ridler shares what a wealth ecologist is and how you can harness some ecology ideas to grow your savings and investments in a struggling economy.
5 things I wish I could tell my 20-year-old self about building wealth  Business InsiderNow that I'm in my late 30s, I've learned that money isn't the point. It's how you use it to build a life you love that matters most.
Employee benefits to help employees build wealth  Employee Benefit NewsWith steep competition for talent, it's important to think outside the conventional benefits packages to help your workforce build retirement savings.
Hiring a Financial Adviser? Start the Conversation Simply with These Top 3 Questions  Kiplinger's Personal FinanceTo get the right help, you need to ask the right questions. Here are three questions that will serve you well.
Headwinds Build For Insurers And Wealth Managers  ShareCafeThe Australian general insurance sector's days in the sun are likely to be fading. At the upcoming reporting season attention will turn to FY20 and the global drop ...
Three Questions To Determine How Much Wealth You Can Build With A Rental Property  ForbesWhen calculating how much wealth you can build with your rental property, start by looking into how the following areas contribute to your wealth: net cashflow, ...
Morgan Stanley reports drop in profit, but wealth management gains  CNAMorgan Stanley reported a 10per cent fall in quarterly profit on Thursday as low market volatility crimped trading and advisory revenue.
Is it necessary to invest in property to build wealth?  Moneyweb.co.zaWhen it comes to saving and building wealth for retirement, is it essential initially to buy property? I live in Cape Town and earn R17 500 gross income a month, ...
The biggest bull market ever — yet disaster looms for millions of retirees  MarketWatchThe coming 'tsunami of poverty' for retirees — and what to do about it.
Retire Rich With These 2 Wealth-Building Stocks  The Motley Fool CanadaBuilding wealth doesn't have to be complicated. Want to retire rich? Invest in stocks with high quality management teams and a healthy growth profile.
Is Hargreaves Lansdown in wealth-creation mode?  Financial NewsSources say a few high-level Hargreaves peeps are looking at a way to fulfil the investment needs of affluent individuals.
Asian Wealth Management and Asian Private Banking - Crossinvest's Rohit Bhuta on Unravelling Asia's Wealth Management Conundrum  HubbisRohit Bhuta, CEO of Singapore-based independent wealth management firm Crossinvest, believes in the power of patience. He met with Hubbis to delineate his ...
5 lies you've been told about rich people and money  Fast CompanySo you think you know how wealthy people spend? Here are the myths you've been buying into.
How much should you allocate to gold in your investment portfolio?  Economic TimesLong-term return from gold might just be equal to the rate of inflation. Gold should be seen as a hedge against unforeseen events.
Want to grow the economy? Tax rich people like me.  Business InsiderIn June, venture capitalist Nick Hanauer signed an open letter to 2020 presidential candidates in support of a wealth tax on the super-rich.
Twin Cities home sales down in June  Finance and CommerceHome sales in the Twin Cities took a tumble in June compared to last year, while the median prices soared to new highs, according to data released Thursday ...
What The FaceApp Trend Can Teach You About Saving For Retirement  ForbesA quick scroll through Instagram had both celebrities and regular Americans taking part in the latest trend: FaceApp. While security risks abound, the trend brings ...
A Forgotten First Step in Wealth Creation: Emergency Funds  Kiplinger's Personal FinancePutting aside money for a rainy day (and it WILL rain one day, don't kid yourself) can pay off in many ways, including lowering your stress.
How Sun Pharma's Dilip Shanghvi reacted to pipping Mukesh Ambani  Quartz(Dilip Shanghvi worked his way up from a tiny shop in the bylanes of Kolkata in the 1970s to create one of India's most valuable enterprises—Sun ...
How to build wealth within a trust  Independent OnlineALL ABOUT TRUSTS: With July being Savings Month, you should consider how a trust can assist you to build your wealth during ...
Donald Trump Hates America  The New York TimesSo apparently Donald Trump wants to make this an election about what it means to be American. He's got his vision of what it means to be American, and he's ...
Trickle-up economics  ProspectHow Cleveland, Ohio, and Preston, Lancashire, are bringing it all back home.
All Major Bitcoin Forks Shown With a Subway-Style Map  Visual CapitalistBitcoin forks play a key role in Bitcoin's evolution as a blockchain. While some have sparked controversy, most Bitcoin forks have been a sign of growth.
Azim Premji speech FULL TEXT: The 'trustee' of Wipro wealth bids farewell  International Business Times, IndiaAzim Premji, the iconic businessman who built software services giant Wipro from scratch, will step down as its chairman at the end of July. The $8.5-billion ...
Nine ways to rejuvenate Chicago's forgotten neighborhoods  Crain's Chicago BusinessDisinvestment has devastated entire city neighborhoods and is the reason many longtime owners are trapped in negative equity and living in substandard and ...
Proposed Wealthy Street grocery store approved by Grand Rapids commission  MLive.comMetric Structures wants to build a two-story building, housing a small grocery store, at 1201 Wealthy St. SE.
Top Money and Productivity Books You Should Absolutely Read This Summer  ForbesIf you have some free time this summer and want to boost your financial IQ, reading money books from the experts can help. Depending on the book and its ...
India becomes investment darling for sovereign wealth and pension funds  LivemintLondon: Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing ...
Updated Forward Features Schedule To June 2020  WealthBriefingAsiaBelow is our updated forward features list for the WealthBriefing and WealthBriefingAsia news services which runs until the middle of 2020. (There is a separate ...
How we're doing Corbynomics – in Jeremy Corbyn's own backyard  LabourListThe next Labour government is already committed to creating inclusive and socially just local economies. And Jeremy Corbyn's community wealth building ...
Baby boomers and millennials face even wider generational wealth gap  Business InsiderAccording to Federal Reserve data analyzed by MagnifyMoney, baby boomers and millennials are now farther apart in wealth than comparable generations 20 ...
Syfe raises US$3.8M funding to launch digital wealth management services in Singapore  e27Syfe combines proven investment strategies with an algorithm to give investors customised, globally diversified portfolios that are in sync with their personal risk ...
Taking a holistic approach to safeguarding family wealth  The AssetHaving a holistic approach and a robust investment strategy is vital for safeguarding family wealth, says family office executive Maria Liu.
The A Team Property Group on building wealth  Finance News NetworkThe A Team Property Group CEO, Sasha Hopkins, talks about success through property investment, his journey from property consultant to investor and mentor ...
Budget 2019 | Wealth tax – The idea is to play fair, but is the time ripe?  Moneycontrol.comChances are wealth tax might make a comeback. Even so, the government would do well to put safeguards in place to ensure the common man is not put at a ...
How living in an Afrikan mud-hut safeguards the eco-system whiles building wealth  Face2Face Africa“Privilege, you see, is one of the great adversaries of imagination; it spreads a thick layer of adipose tissue over our own imagination.” – Chinua Achebe.
Here’s why MOST financial advisers can’t help you grow wealth – SA money expert  BizNewsThere are many intermediaries willing to sell you insurance and find a parking place for savings - but few will help you massage assets in the long run.
Amit Dogra Joins Sanctuary Wealth as Chief Experience Officer  Business WireAmit Dogra has joined Sanctuary Wealth as Chief Experience Officer (CXO). A role traditionally seen only within Silicon Valley technology companies, S.
Louisville must bridge the wealth gap that separates the east, west and south  Courier JournalIn the West End, there is a banker for every 1600 people, whereas in eastern Louisville, there is a banker for every 200 people.
Commentary: Follow the Jews, generational wealth will also be your lot  Caribbean News NowA good friend of mine who practice medicine in Brooklyn New York for decades told me recently, he came with two takeaways from frequenting the Jewish ...
Family finance: Businessman Mathur needs to build a bigger emergency corpus  Economic TimesVishvas Mathur, 40, has recently started his own business and brings in rS 96,000 a month. He stays with his homemaker wife and 11-year-old child, ...
What Creates Our Wealth?  ValueWalkWhen most people are asked "what creates wealth", they miss the most crucial aspect of all - our investment in common assets.
The Future of the City Is Childless  The AtlanticAmerica's urban rebirth is missing something key—actual births.
Why I'll personally never use Afterpay to spend money  Motley Fool AustraliaI don't think I'm ever going to use Afterpay Touch Group Ltd (ASX:APT) to spend money.
3 Dividend Aristocrats Yielding 5% or More to Build Wealth Faster  Yahoo Canada FinanceSeeking to build wealth and achieve your investment goals sooner while building a recurring, steadily growing stream of passive income? Then look no further ...
Mayfair 101 builds on IPO Wealth success with new Mayfair Platinum fixed income product  Proactive Investors AustraliaIPO Wealth (PRIVATE-AU:IPOoo) - Investors are increasingly seeking non-bank alternatives offering reliable returns in a low interest rate environment.
Salem man mixes wealth of history into popular ghost tour  The Salem NewsAn eloquent speaker, sounding more like a seasoned interpreter than an 18-year-old recent high school graduate, Jake Stotler instantly captured the crowd's ...
Building household wealth through home ownership  WATE 6 On Your SideHomeSource East Tennessee joined us with great advice on taking steps towards home ownership.
Ritholtz Wealth launches Betterment-powered robo advice platform  InvestmentNewsRitholtz digital platform getting a second liftoff with Betterment for Advisors.
Wealth Wizards hires former Prudential executive as commercial head  AltFiThe Leamington Spa-based personal finance fintech also hired a former Accenture managing director as its chairman last month.
Deutsche Bank Considers Subletting Zig Zag Offices in London  BloombergDeutsche Bank AG is considering subletting the London offices occupied by its wealth management business and its asset-management arm DWS Group, ...
Berks financial advisers provide guidance in navigating a maze of options  Reading EagleBuilding wealth is not easy and managing wealth can create another set of challenges. Wealth management is a combination of financial planning and ...
Yes, You Can Build Wealth In Your 20s -- Here's How  ForbesHere's how 20 year-olds can start building wealth today in 6 simple steps.
Avoid auto, FMCG and commodity driven plays for now: Sanctum Wealth  MoneycontrolWe'd generally avoid FMCG on valuation. Also, we would avoid autos until clarity on a turnaround emerges, and also avoid commodity driven plays, Sunil ...
Build Sea Walls? Study Finds US Cities Face Looming $42 Billion Price Tag  Nonprofit QuarterlyJune 19, 2019; New York Times. What do Jacksonville, New York City, Virginia Beach, Galveston, and Charleston have in common? They all face ...
WeWork founder Neumann raised $700m through share sales and loans  Financial TimesWeWork founder Adam Neumann has sold shares and taken out loans against his equity stake in the multibillion-dollar property company, raising at least ...
The First 5 Steps To Building Wealth  ForbesRetirement is the one expense in the world you cannot borrow for, so building wealth throughout your career is essential if you ever want to reach financial ...
How to keep your wealth in the family  SowetanLIVE Sunday WorldSouth Africa has the most dollar millionaires in Africa and is one of the fastest growing ultra-wealthy populations on the continent, according to the latest Knight ...
Ecobank guilds customers on wealth creation  The Nation NewspaperEcobank Nigeria has organised a wealth-building and sustainance breakfast forum for its High Networth Individual (HNI) customers. The lender used the forum ...
MSMEs drive job and wealth creation, poverty eradication and sustainable development  The Patriot On SundayIn 2017, a resolution, in recognition of the important role that Micro, Small and Medium-sized Enterprises (MSMEs) play, was adopted by the UN General ...
Business centre to be launched at Uganda-German symposium  Daily MonitorA Ugandan University has been earmarked as beneficiary of a model of post-harvest training and *service* centre for skilling the youth and women in order to ...
3-Step Strategy for Building Generational Wealth in Today’s World  Banyan Hill PublishingLearn my three-key strategy for becoming a forward-thinking income investor to build generational wealth in today's new world.
Legacy Lives On: One Solution and Prudential Documentary Highlights New Pathways to Financial Freedom and Financial Wellness for Black Americans  PRNewswireNEW YORK, June 19, 2019 /PRNewswire/ -- One Solution, the leading branded *content* division of Urban One, and Prudential Financial, Inc., a leader in ...
How can co-ops build a fairer economy? Co-op Congress looks to grow the movement  Co-operative NewsThe role of co-ops in creating a fairer economy – from international to local level – was a repeated theme at Co-op Congress, as ways to achieve the goal of ...
Bexar's Eye: A Small Corner of Lackland AFB Holds a Wealth of Military Aviation History  Rivard ReportTucked in a far-off corner deep inside Lackland Air Force Base sits a trove of local aviation history. The U.S. Air Force (USAF) Airman Heritage Museum boasts a ...
HUL shareholders' wealth doubled in 3 years. Are the best days behind it?  MoneycontrolShareholders of Hindustan Unilever enjoyed substantial growth in their investment as the share price of the company more than doubled in the past three years.
Kirsh, Oppenheimer, Rupert dominate Africa’s latest Rich List  BizNewsKirsh got his from wholesaling and property, starting again from scratch in the US after losing his SA operations to the interest rate crisis of 1986.
Working from home: Grants aimed at home-based businesses and job creation  Ruidoso NewsYour browser does not currently recognize any of the video formats available. Click here to visit our frequently asked questions about HTML5 video.
How to build wealth in 4 steps, according to millionaires  Business InsiderBuilding wealth involves a four-step process: Growing income, controlling spending, investing in index funds, and investing in real estate.
Financial planners: The best way to build wealth is automatic savings  Business InsiderFinancial planners say automating your savings is the best way to build long-term wealth. Here's how to do it.
Norway wealth fund, Axa to sell office property in Frankfurt  ReutersNorway's $1 trillion wealth fund, the world's largest, and France's Axa have agreed to sell an office building in Frankfurt to Invesco Real Estate, the fund said on ...
Signs you're not building wealth and tips for fixing it  Business InsiderYou're probably not on the path to wealth if you live above your means or if you haven't started investing. Here's how to change that.
Building Wealth With a Higher Purpose  Kiplinger's Personal FinanceThis former monk found out the hard way that money is not the root of all evil.
Kevin O'Leary of 'Shark Tank' to give free talk on maintaining wealth  TribLIVEKevin O'Leary, of ABC's “Shark Tank,” is slated to speak at Pittsburgh's Byham Theater on July 30, starting at 6 p.m. O'Leary will speak on keys to moving ahead ...
Listed wealth management firm opens new office  Insider MediaA Cirencester-headquartered wealth management firm has opened up a new office in Cardiff.
Building wealth tips: 5 habits of the rich that millennials should know  Business InsiderBuilding wealth requires a certain kind of mindset — here are 5 things millennials should be doing to become self-made millionaires.
Building blocks - understanding the investment fundamentals of construction and engineering  The Business TimesTHE BUSINESS TIMES Investing & Wealth - CONSTRUCTION and engineering is almost certainly the oldest industry we will explore in our investment ...
Explainer | Wealth creation: Why you must focus on investing as much as possible for the longer term  MoneycontrolThe longer you let your money work hard, the more money you take home. If you keep investing your monthly commitment, you will walk away with a large sum.
Building wealth requires patience, and most people don't practice it  Business InsiderIf you want to build wealth long-term, there's no replacement for patience. It's all about the long game in saving and investing.
Nine Of The Best Ways To Build Wealth  ForbesIt is often said that the three main sources of wealth creation are the stock market, real estate and entrepreneurship. With this knowledge as a starting point, ...
Saving is not the key to building wealth—here's what is, says author of 'I Will Teach You to Be Rich'  CNBCIf you're looking to build wealth, you need to go beyond just adding money to your savings account, says financial expert and author of "I Will Teach You To Be ...
President Museveni takes Operation wealth Creation to Bukwo  capitalradio.co.ugBy Moses Kidandi President Yoweri Museveni has thanked the people of Sebei Sub-Region for massively supporting and voting the NRM government.
8 simple money habits that will help you earn more in 2019  CNBCIf you want to earn more, a good place to start is with your habits. The sooner you establish smart ones, the better your chances of building wealth. Here are eight ...
Wealth gap grows as Cambodia modernises | News  Eco-BusinessCambodia is urbanising fast with China's help but the gulf between rich and poor is widening.
Bath’s multi-award winning filmmaker Ken Loach championing new ‘community wealth’ system  Somerset LiveIt's thought the system could make the city more prosperous.

Creating Money, Prosperity, and Abundance Now (Part 1)

I have given many prosperity lectures over the years and,... Read More

Still Using Federal Reserve Notes?(How to Beat Inflation)

"My people are destroyed for lack of knowledge." Hosea 4:6... Read More

How to Grow Your Very Own Money Tree

Okay. So money doesn't really grow on trees. Unless you... Read More

The Mathematical Formula For Making Money

No matter what markets you serve; what products you sell;... Read More

How to Make More Money

When I was a student in London, I had a... Read More

What Are Your Beliefs About Money and Wealth?

What is your attitude towards having wealth? Do you believe... Read More

Creating Money, Prosperity, and Abundance Now (Part 2)

Giving and ReceivingIt seems that people generally find it easy... Read More

The TRAP Behind Websites With INSTANT Searches for Unclaimed Money

There is no questioning that the amount of unclaimed money... Read More

Wealth Management, Wealth Protection, and Tax Planning

U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More

Principles to Ensure a Fantastic Financial Finish

Most people want to get to the end of their... Read More

5 Simple Steps for Serious Saving and Financial Growth

1) Pay off your loan, credit and store card debt... Read More

How to Save Money for Retirement

Saving money for retirement can be easy or difficult depending... Read More

Pay Yourself First - If the Only Thing You Did Was This, Youd be Rich

Bottom line. No exaggeration. No hype. If you want to... Read More

Don?t Work for Your Money, Make it Work for You!

Well, the New Year is around the corner and so... Read More

Turbocharged Financial Planning

Financial planning is an ongoing process individuals and businesses should... Read More

Jobless? You Stand To Be Rich!

This is a true story about a homeless man from... Read More

Trustees: Who Can You Trust?

Early in my legal career I represented two young women... Read More

Discover the Secrets and Possible Solutions To Money Problems

It is sometimes pitful how many projects are never born... Read More

Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:Spend less than you... Read More

Get Rich Slowly

Is it hard to get rich? If you're young, not... Read More

Have You Ever Had That Feeling?

Have you ever had that feeling where you could not... Read More

Easy Ways to Save $1,000

Vacation season is upon us and it can be tempting... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

Business After The Iraqi War

The rewarding of high compensation packages to top executives who... Read More

Re-discovering the Fundamentals of Financial Planning

To lose weight in the 80's, we went on low-calorie... Read More