{"id":78746,"date":"2025-02-09T23:34:56","date_gmt":"2025-02-09T23:34:56","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/the-morning-chai-12-jul-23\/"},"modified":"2025-02-09T23:34:56","modified_gmt":"2025-02-09T23:34:56","slug":"the-morning-chai-12-jul-23","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=78746","title":{"rendered":"The Morning Chai \u2014 12-Jul-23"},"content":{"rendered":"


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Today in The Morning Chai, we understand what a\u00a0CPI index is<\/em>, we discuss few\u00a0ingredients for success<\/em>\u00a0and take a\u00a0small step towards success<\/em>.<\/p>\n

Today the US inflation rate data as measured by the Consumer Price Index has been reported at 3.0% on an annual basis. CPI is a measure of change over time, in today\u2019s case, over a 1 year period of the price of a fixed based of goods.<\/p>\n

A US CPI over 3.0% Year-over-Year as reported today till June 2023 essentially implies that cost for households and in turn inflation has increased by 3%. CPI is an indication of the effect on households of prices for common goods.<\/p>\n

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WHOA! Headline CPI rose by only 0.2% in June, and is now down to only 3.0%. That’s back to the March ’21 level.<\/p>\n

More importantly, core CPI rose only 0.2%, and is up 4.8% over the year.<\/p>\n

BOTH measures are a good bit below expectations.<\/p>\n

Inflation is returning to normal rates.<\/p>\n

\u2014 Justin Wolfers (@JustinWolfers) July 12, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Over the last few years, a constant question has been arising in my mind.<\/p>\n

What do you need to succeed in life and how can you achieve that? And I can\u2019t seem to take away the following F\u2019s from my mind:<\/p>\n

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4 F\u2019s in Life \u2014 Fitness, Family and Finance With Focus at the Core of It<\/figcaption><\/figure>\n

I can\u2019t shake my head beyond the above 4. To be in the right frame of mind, you can\u2019t go beyond the above 4, Fitness, Family and Finance with Focus being at the center of everything you do, be it learning and work or anything else.<\/p>\n

Do you Agree? Share your thoughts in comments and do share better pictorial representations of the above if you are artistically savvy.<\/p>\n

\u201cThe simplest ideas start from a small step.\u201d<\/em><\/p>\n

If you don\u2019t take the small step, you never know what you can achieve.<\/p>\n

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Photo by\u00a0Hayley Murray<\/a>\u00a0on\u00a0Unsplash<\/a><\/figcaption><\/figure>\n
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Most Mornings, I publish \u201cThe Morning Chai\u201d right in time for your favourite tea or coffee with 3 short ideas\/themes related to Life & Finance \u2014 the two ingredients for success. The idea of teaching\u00a0Finance & Life skills<\/strong>\u00a0to my kids has been the genesis of \u201cThe Morning Chai\u201d.<\/p>\n

\u201cThank You Satvik & Ritika \u2014 the love of my life for being my inspiration.\u201d \u2014\u00a0<\/em>Santo<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Disclaimer:<\/strong> All information in the site is provided for informational and educational purposes only. We are not a financial advisor.\u00a0The information in this article is not intended to imply any recommendation or opinion about a financial product and<\/em>\u00a0is not a financial product advice. You should obtain independent advice before making any investment decisions.<\/em><\/p>\n<\/div>\n<\/div>\n