Overcome the ‘Deadly Law’ of Inflation with Decimals
Don’t believe it when you hear on the news that we have low or no inflation. In their great wisdom, the monetary powers have conveniently eliminated food and fuel from the inflation calculation. Regardless, even if you exclude food and fuel, a relatively low inflation rate takes its toll on all financial matters over time. This is why an old mentor of mine referred to this dynamic as “the deadly law.” It can sneak up on you if you don’t know how to combat it.
Carl and his wife, Judy, owned and operated their own successful Allegra franchise for nearly 20 years before selling the $2.3 million operation in 2003. He is a PrintImage International/NAQP Honorary Lifetime Member and was inducted into NAPL’s prestigious Soderstrom Society in 2010 in recognition of his contribution to the industry.