Here’s what you can expect to pay for gas and groceries this year

The Big Idea

There’s not a lot of good news coming out when it comes to gas prices or grocery stores. And today is no exception. We just got a shocking estimate of what folks can expect to pay in added grocery and gas costs this year, and it isn’t pretty…

But I want to encourage you not to panic about what I’m about to tell you! 

Catch My Ask The Pros Interview

Yesterday, I was on Ask The Pros, talking about the wild ride we’ve seen in the market the last few weeks. 

I was joined by former CIA Spy, Andrew Bustamante, who also had a lot of insight. 

Catch the replay of our interview here. 

The View

You don’t need me to tell you that prices for everything are shooting through the roof.

Most of us are paying well over $4 per gallon for gas these days, as the national average has climbed over $4.17. 

At the same time, inflation has risen as well, and grocery stores are costing us more and more seemingly every time we visit.

As a result of all this, everything we’re paying for feels a lot more expensive.

And Yardeni Research has now confirmed this through a study. They estimate that average household spending will increase $2,000 per year in gasoline and an additional $1,000 in food expenses.

That’s $3,000 or more added to your yearly expenses.

Most families simply cannot afford that kind of unexpected cost.

But before you panic about the rising cost of gas and food, keep one thing in mind…

In my opinion, you’re already in the best place you can be to help you combat these increased expenses. 

You’re a trader, or, at least, you’re interested enough in trading to read a newsletter all about it.

And if there’s one way you’re going to be able to fight these added expenses quickly, it’s through the markets.

Now, I’m not advising you to go out and place panic trades. Quite the opposite.

You need to listen to sound advice, find strategies that work for you, and make smart, measured investments.

But you’re already ahead of the game by being here.

For a lot of folks, these unexpected expenses come with no recourse. They can try to scrimp and save, but it’s a challenge to find an additional $3k in budgets that were often maxed out to begin with.

But with trading, there is a way to stretch our wallets. It’s not a guarantee, of course. But it’s the best answer I’ve got. And this year, I’m feeling even more committed to helping folks reach their goals because we all need to help each other out during all these crazy times.

Hope you have a fantastic weekend,

Jeffry

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