Imagine the entire economic output of the United States is measured in apples. For the sake of simplicity, let’s say our country produced ten apples in 2021. Collectively, we had $10 to spend on those ten apples. As a result, each apple costs $1. Simple right?

Inflation exists all around us and has only recently come to the forefront of the discussion for one simple reason: It’s not a few things getting expensive anymore; it’s everything. Or at least it feels that way.

My coach Dan Sullivan likes to say, "Amateurs practice until they get it right; professionals practice until they can't get it wrong." From athletics to engineering, medicine to money management, consistent practice is the secret sauce of…

The flaw of averages is the idea that plans made based on average assumptions are wrong on average. As an example, think about the statistician that drowned while crossing a river that was, on average, three feet deep.

Even with a rising paycheck, people feel inflation. Whether it's the cost of a can of soup or the price of gasoline, everything feels (and is) more expensive. Inflation puts a dent in household budgets and a psychological dent in attitudes. While the U.S. economy may be booming, the smaller economy of household budgets and expenses takes a hit.