Have you ever wondered how Motel 6 got that name? Were there five predecessors to Motel 6? What happened to Motels 1-5?
Well, there was no Motel 1-5. Motel 6 got that name because it cost only $6 to rent a room in when it first opened in Santa Barbara, California in 1968.
Welcome to another episode of The Denver Wealth Podcast. In this episode, Zak discusses inflation: what it is and how should it affect your retirement decisions. Don’t forget to follow us on Twitter: @DenverWealth and subscribe to our podcast.
As you probably know, a room at Motel 6 no longer costs $6. Why is this? Because: inflation.
What is inflation?
Why is it important to understand inflation beyond the short-term? [2:07]
How much does inflation change annually? [2:22]
- US Inflation Rate
- Big Mac Price Index – Look at how the price of a Big Mac has changed over the years
How should inflation effect your retirement savings decisions? [3:29]
What are real returns? [4:30]
- Real Rate of Return Calculator
How do you outpace inflation? [5:05]
What types of investments are more impacted than others? [5:25]
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
All examples are hypothetical and are not representative of any specific situation. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.