Mike Tyson famously said, “everyone has a plan ’till they get punched in the mouth.” And this week you could be feeling like that — punched with an uppercut of rising gas prices, talk of a recession and the Fed’s announcement of steeper interest rate increases.
But don’t throw in the towel. Stick to your training plan with a budget and savings. Be assured, long-term strategies can roll with these punches.
Just like a fighter learns to anticipate, absorb and react during a bout, likewise a diversified financial strategy is designed with your long-term goals in mind to account for ebbs and flows of economic fluctuations over time.
Plus, you’ve got a strategic partner in your corner.
The articles below have some tips on adjustments you can make, along with important news worth sharing. Looking forward to connecting if you have concerns or questions facing the second half of 2022.
David M. Brenner, ChFC®, CLU®
3 Financial Moves to Make Fast After the Fed’s 75 Basis Point Hike, Starting With Locking in Rates
June 16, 2022
Here’s a look at how much Americans’ borrowing costs have increased already and how to be ready…