It’s Time to Secure Your Financial Future

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#480: It’s Time to Secure Your Financial Future

In this video:
00:24 – A lot of doom and gloom in the world right now
01:10 – Mortgage rates and Interest rates rise
01:52 – Pension funds are dropping
02:28 – What can you do about it?
02:50 – Live webinar discussing a variety of time frame charts
04:14 – Black Friday 2022 Sale – register here https://theforextradingcoach.com/black-friday-2022/

It’s time to start thinking about securing your financial future, regardless of how old you are, regardless of how wealthy you might be, and regardless of where you live. Let’s talk about this really important topic right now.

Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 480.

A lot of doom and gloom in the world right now

Thought I’d come outside this morning, early morning and record this video for you. There’s a lot going on obviously around the world right now with inflation going up, cost of living going up, job uncertainties, wages not keeping up with inflation, and a lot of property values starting to drop. In fact, I saw just this morning reading one of the UK online papers, they’re talking about potentially up to a 30% fall in their house prices. Property investors, maybe not such a good time now with higher interest rates and falling values if you already own property as well.

Mortgage rates and Interest rates rise

With mortgage rates going up and up, it’s making things harder and harder for people to afford property, and so therefore it’s not so attractive. Also, overnight my time, Britain has raised their cash rate from 2.25% up to 3%. That’s actually a 33% rise, huge. Just this week, the US have also gone from 3.25% to 4%, and on Tuesday, Australia went from 2.6