This newsletter warned its readers back in March that significant inflation was on the horizon. The annual inflation rate in the U.S. edged up to a 13-year high of 5.4% in September. In a nutshell, inflation can be thought of as too many dollars chasing too few goods. Watch this cartoon and you will be an expert in one minute. If you want the fancy version and can spare a second minute, this cartoon will do the trick.
The Crow and the Pitcher teaches that there’s always a way. The Bell and the Cat teaches that ideas are good, but execution is better. If you are a business owner wanting to retire but cannot find a third-party buyer for your business, you should consider an ESOP. What’s an ESOP, you ask? Read David B. Solomon’s The Benefits of an ESOP to learn how an ESOP and learn how a properly executed ESOP can help you retire and help employees to become owners.
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