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3 Tips for the Remainder of 2022

3 Tips for the Remainder of 2022

July 21, 2022

Now is a great time to consider the remainder of 2022. Inflation and economic uncertainty are causing many of us to delay or cancel vacations, large purchases, and more; it can be challenging to know where to start.

Here are a few tips to help make the rest of the year as smooth as possible:

  • Deflate Inflation - Travel-related costs have skyrocketed, causing many to delay or cancel vacation plans. But are you overreacting to current headlines? Let's talk if you're wavering on a scheduled trip.
  • Embrace Uncertainty It Doesn't Have To Be Puzzling - If you've delayed a significant purchase lately, you're not alone. Economic uncertainty has caused many to rethink current expenditures. When your net worth declines, the "wealth effect" tells consumers to rein in spending. We can combine the pieces and adjust your plan to current economic trends.
  • Practice Patience - The need to take action can push even the most seasoned investors into questionable territory. Instead, try to take a longer view of the markets. Remaining patient and taking a break from watching the markets may help weather the storm.

Let me know if you want to discuss your future goals or current economic conditions. I'm ready to help.