Inflation vs. Passive Income 2: 5 Steps to Beat Inflation - MFI Series1, #160

Inflation is upon us, so how do we defeat it? I guess we could work more hours at our job. Or better yet, get a second job driving Uber or delivering pizzas. That sounds like a great idea. I was just kidding. Don't solve your problems by exchanging your time for money. Every time we do this, we'll have to work more hours to earn more pay. It's a hamster wheel that we call the rat race. Passive income is the answer.
We need to build passive income streams to beat inflation, earn more money while we sleep, and compound our cash into the future. Today, I present five steps to beat inflation. And yes, we need to use them together to get the maximum effect. You'll have to step out of your comfort zone, but that's okay. That's where all the magic happens!