https://virtualcmo.expert/ Inflation Forecast 2021: How To Prosper During Rising Costs inflation Is an Increase in Price Levels Inflation is the opposite of deflation, which is a decrease in price levels. Since the 2008 financial crisis, the US economy has experienced very low inflation and even deflation. Outside of a few sectors, such as health care, Americans have not had to deal with many unusual price increases. In 2021, however, as Reade Pickert and Vince Golle explain at Bloomberg, “Americans are likely to see prices jump across a variety of sectors next year, thanks in part to Covid-19 vaccines that will potentially turbocharge demand for such pandemic casualties as travel and tickets to sporting events.” Inflation Can Stimulate Parts of the Economy As with most things (especially when it comes to financing), inflation is good for some people and not for others. Moderate inflation has plenty of economic benefits: Higher prices encourage businesses to invest and expand. Interest rates go up, so banks start paying interest on checking accounts again. And higher wages, which will indeed come to certain sectors of the labor market, give workers an incentive to spend money. management Challenges Will Be a Little Different Next Year Early on in a period of inflation, corporate profits will increase because inventory costs may reflect pre-inflation prices – but wages will not increase right away. Over time, wages and costs will both increase, and depreciation will be based on historic costs that do not reflect actual replacement values. Managers will need to think about costs differently, and some will do better than others. debtors Benefit at the Expense of Savers If wages increase by 4% a year, then a mortgage with a 2.5% interest rate gets cheaper each year by comparison (essentially, if you owe somebody money, in a period of inflation you’re paying back your lender with cash worth less than it was at the time you originally borrowed it). However, a bank CD paying 2% interest would also lose spending power every year during inflation periods. Bond prices also fall. bottom line? Don't Wait for the Sale In recent years, consumers have been trained to “wait for the sale” – to avoid buying a good because it’ll surely be cheaper later. In a deflationary environment, goods do in fact go down in price over time. But under inflation, prices go up, so it doesn’t make sense to wait. (In a hyperinflationary economy, people essentially find that shopping is a better use of their time than going to work. If prices are increasing daily or even hourly, wages can’t keep up.) In 2021, act quickly based on real-time circumstances rather than what you expect to happen in the future – and think about whether you’re more of a debtor or ... https://www.youtube.com/watch?v=gwuok9iaEww

Personal Branding Strategy | What Is Personal Branding? Contact me http://www.powerbrandingsecrets.com/contact/ Connect with me on LinkedIn: https://www.linkedin.com/in/edwindearborn/ Interviewing experts is one of the fastest, proven strategies for a personal branding strategy and positioning yourself as an expert in your industry. Transference of expert status will eventually occur over time by showcasing experts with your branded content. Interviewing experts is a proven personal branding strategy to create content for your book, though this personal branding strategy goes well beyond that. Depending on how you structure your interviews with experts, you can repurpose these interviews for: * Videos * Public Speaking Presentations * Blog Articles * Podcasts * eBooks * eCourses * Industry Articles * Webinars * Press Releases * Infographics Here’s an example of how this personal branding strategy can roll forward. You schedule an interview using YouTube Live. You now announce the interview to your followers on social media and email. The expert may even announce it themselves their own social followers! The Interview Strategy When the day comes, you conduct and record the interview. Keep these to 30 to 60 minutes and ensure that you have agreed upon what questions you will ask them. I typically ask people about six to eight questions. When it’s done, you download the video and the MP3 file. Now, you transcribe the video for your book, articles, public speaking, webinar, or blog. A great transcription service is Rev.com. You can upload your video to multiple channels such as Youtube, Vimeo, etc., as well as adding the video to your blog and add the MP3 file for a podcast. This is only the beginning. You can use the interviews to build a product for sale, such as eCourses and eBooks. Moreover, these videos can be given as exclusive “freemiums” to help build your email lists. Experts Sharing Your Content The other clear benefit to this personal branding strategy is that those experts whom you interview will most likely share this interview to their own social followers, giving you further exposure for no cost. Contact me on how I can help you to develop and execute an effective personal branding strategy. Personal Branding Strategy | What Is Personal Branding? ... https://www.youtube.com/watch?v=aQ6sXpgZylc