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Fed Rate Hike – Recession Proof Your Family
Hello,
As expected, the Feds increased rates again by .75%, so let's relook at what that means to you and how to protect your family moving forward.
So far, the Fed's rate hikes in 2022 have increased by a combined 3.5 percentage points — which means your monthly payment has more than doubled on your equity line and spiked excessively on your bank credit cards ( avg rate is now 19% ). This is where the Fed hikes are causing the most pain to the consumers.
.........................................
What Moved?
Feds move "short-term" rates, which would be your credit cards and equity lines of credit. What most think they moved is long-term debt, which are mortgages, which they can't directly unless they buy or sell mortgage-back securities.
.........................................
Why They Moved Them?
They need to do this to slow down inflation, which means they need to slow down the speed at which the economy is growing.
.........................................
How Long Do They Plan To Increase Rates?
They will do it as long as there is inflation in our economy, which could be into 2023 now.
.........................................
How do you protect yourself?
This is where we need to think things out and create a plan for you and your family. Because until now, most consumers have not felt those rate hikes, but with all of the 0.75% rate hikes piling up, your payments have spiked with what short-term debt you have open and has become a problem now.
.........................................
The videos on the sidebar show you a Two-Step Plan for turning bad debt into good debt. The second step is to prepare you if we move into a recession in 2023, so we can be ready to take advantage if it presents itself.
As expected, the Feds increased rates again by .75%, so let's relook at what that means to you and how to protect your family moving forward.
So far, the Fed's rate hikes in 2022 have increased by a combined 3.5 percentage points — which means your monthly payment has more than doubled on your equity line and spiked excessively on your bank credit cards ( avg rate is now 19% ). This is where the Fed hikes are causing the most pain to the consumers.
.........................................
What Moved?
Feds move "short-term" rates, which would be your credit cards and equity lines of credit. What most think they moved is long-term debt, which are mortgages, which they can't directly unless they buy or sell mortgage-back securities.
.........................................
Why They Moved Them?
They need to do this to slow down inflation, which means they need to slow down the speed at which the economy is growing.
.........................................
How Long Do They Plan To Increase Rates?
They will do it as long as there is inflation in our economy, which could be into 2023 now.
.........................................
How do you protect yourself?
This is where we need to think things out and create a plan for you and your family. Because until now, most consumers have not felt those rate hikes, but with all of the 0.75% rate hikes piling up, your payments have spiked with what short-term debt you have open and has become a problem now.
.........................................
The videos on the sidebar show you a Two-Step Plan for turning bad debt into good debt. The second step is to prepare you if we move into a recession in 2023, so we can be ready to take advantage if it presents itself.