Another Fed Rate Hike And Why You Need To Recession Proof Your Family For 2023

Scott Nicholson

Published 6 months ago

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.

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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.


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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.


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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.


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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 .75% rate hikes piling up, your payments have spiked with what short-term debt you have open and has become a problem now.

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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.

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Step 1 - Cash Out Now in 2022

Step 1 - Cash Out Now in 2022

Step 2 - Rate & Term in 2023

Step 2 - Rate & Term in 2023

Fed Announcement Nov 2022

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