Misfit Entrepreneur October 2024 - 426: The True Cost Of Inflation with Jeremy Ryan Slate and Dave Lukas

Subscribe and Listen Today!

Inspiring and Actionable Content Weekly from Misfit Entpreneurs

Subscribe on Itunes

Subscribe on Stitcher

Subscribe on RSS

Special Episode with Jeremy Ryan Slate and Dave Lukas

426: The True Cost Of Inflation with Jeremy Ryan Slate and Dave Lukas

In this episode, Jeremy Ryan Slate interviews me on the complexities of inflation, and the economic landscape. We talk about the insidious nature of debt and inflation, the role of entrepreneurship in driving the economy, economic freedom, and the impact of government spending and inflationary policies. We also discuss what business owner's should be focusing on in their business to thrive into the future.

Don't Miss Even More Resources to Help You Each Week. Click Here and Subscribe to the Misfit Minute!

Show Notes

Key Points/Takeaways:

Inflation is often misunderstood and misrepresented.
Debt and inflation are the biggest challenges facing individuals and the economy.
Government spending and taxation are intricately linked to inflation.
Entrepreneurship is essential for economic growth and stability.
The government does not create value; it redistributes resources.
Student loan forgiveness contributes to inflationary pressures.
Tax cuts retain existing money rather than creating new money.
Understanding inflation requires looking beyond surface-level statistics. Tax cuts increase individual freedom and economic productivity.
Government policies can often be inflationary, impacting home prices.
The U.S. debt crisis is a significant concern, with $35 trillion in debt.
Immigration should focus on productive individuals, not dependency.
Financial discipline is crucial for businesses to thrive.
Staying ahead of inflation requires businesses to innovate and adapt continuously.
Entrepreneurship involves navigating both peaks and valleys.
Individuals should delay gratification to build consistent profits.
Investing in assets is essential to combat inflation.
Economic challenges can create opportunities for innovative entrepreneurs.

Best Quote

Inflation is the number one lie you deal with daily

Inflation is insidious and eats away at the value of money. You must keep your money moving to stay ahead.

One of the best ways to thrive in an inflationary environment is to build a solid, net cash flowing business that has a pathway for consistent growth.

There is always opportunity, not matter where things are at economically. It is just harder or easier - and when it is harder is when you need to push the most and not let up as an entrepreneur.

Show Sponsors

Misfit Entrepreneurs! I want to tell you about an incredible resource that will have tremendous impact on your business and your revenue. I have used this solution in multiple businesses and it has made an incredible difference! Let me start by asking you something. “Do you know how much it costs your business when just one salesperson doesn’t step up to deliver? Do you really know?” The cost can easily exceed six figures for just one bad hire – not just from the time, effort, and resources in hiring, but from the lost business and downtime as well. And the last thing any growing business can afford is to have a failed hire, especially in sales, the revenue driver for the company.

But what if there was a way to know someone checked all the boxes of a great sales hunter and closer before you ever hired them? That’s the solution I’ve found from a company called SalesDrive. They have created a solution called DriveTest®. A powerful hiring tool that separates high-performance salespeople from pretenders by measuring the most critical personality trait needed for success in sales: Drive.

Drive is composed of three non-teachable traits shared by all top producers: Need for Achievement, Competitiveness, and Optimism. And knowing who has Drive before the interview dramatically increases your chances of selecting salespeople who will produce for you, while avoiding those costly bad hires. I’ve used the solution and it works. In fact, it works so well, I have referred them to every company I work with.

And they created a special offer so you can use them as well, for FREE. You can Get a free DriveTest® assessment today at www.MisfitEntrepreneur/SalesDrive

Misfits,

If you are looking for one of the best tools to help you focus and center yourself daily, the 5 Minute Journal is the best one out there.

This short 5-10 minute daily routine will help you in all aspects of your life and success.

It is one of the simplest and easiest ways I have found to consistently improve myself and my well-being as well as ensure better results and success.

Check it out and get your copy today!

Check it out at www.MisfitEntrepreneur.com/Journal