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“The Rent Is Too Damn High”

Written by Jason Williams
Posted July 8, 2022

Do you remember the politician who made a name for himself a few years ago by wearing black leather gloves everywhere and proclaiming that, “the rent is too damn high”?

His name was Jimmy McMillan. And I’ve got to imagine he’s ranting about the rent even more now.

For the past 15 months, rents in the U.S. have been hitting new all-time highs.

On average, they’re up 26% since 2020.

But it’s not just rents that have been rising and are “too damn high.”

Just about everything else is more expensive now than it was a couple of years ago.

The Golden Calf… and Pig and Chicken

Remember in 2020 when I said meat would become the new gold? Remember laughing at the ridiculousness of that statement?

Are you still laughing now?

In 2020, the price of a pound of ground beef was $4.12 (up 13% from 2019).

As of this past April, the average price was $5.41 (up 31% from 2020’s already elevated level).

How about bacon? Everybody loves bacon because bacon makes everything better.

Back in 2020, a pound of that heaven-sent goodness cost $5.85.

As of this past April, the best part of a BLT would set you back $7.42 (or 27% more than in 2020).

Even chicken’s gotten pricier…

In 2020, it went for an average of $3.22 a pound (which was 7% more than in 2019).

This April, it cost $4.10 a pound after getting 27% more expensive.

meat inflation

And that’s just meat. What about the vegetarians out there? Surely they’ve been saving tons of money…

Increases Sprouting Up Everywhere

Bananas are the cheapest, most plentiful, and most frequently eaten fruit in the entire world.

In 2020 (after rising 4%), they cost about $0.47 per pound. As of this past May, they were going for a princely sum of $0.64 per pound.

It doesn’t seem like a lot, but that equates to a 36% increase in price for the only affordable fruit left.

Naval oranges are a staple of many diets too. And back in 2020, they would run you $1.33 a pound.

As of May, they cost $1.55 a pound after going up about 17% in price.

Tomatoes are another staple fruit (or vegetable, depending on if you’re eating or defining them).

In 2020, it was the single most produced type of vegetable (because it’s a vegetable when you eat it).

And in 2020, prices only rose a little bit, to about $1.68 a pound.

But as of this past May, those prices had risen to around $1.90 a pound, a 13% increase in cost.

 

But Wait, There’s More!

But the thing is that I haven’t really even covered the stuff that’s gone up the most in price. Rent is high.

And eating is getting pretty expensive too. But those increases don’t even hold a candle to what we’ve seen in the energy markets.

Back in 2020, you could heat your house with residential heating oil for just $2.14 a gallon.

But if you’re heating your home with that in 2022, you’re paying $5.97 a gallon!

That’s 179% higher two years down the line!

If you have natural gas piped in to produce that heat, back in 2020, you were only forking over $1.06 per therm.

This year, you’re paying $1.57 a therm for a 48% increase in your heating costs!

I’m sure I don’t have to point it out, but I will anyway…

Back in 2020, you could fill up the gas tank in your car with gas that cost $1.94 a gallon.

Today, you’re breaking the bank to fill that same tank with gas that goes for $4.91.

That means it costs 153% more to buy the same gas to drive the same distance!

If you drive a diesel, you’re not any happier at the pump, either.

In 2020, that went for about $2.39. Today, it averages around $5.57.

That’s 133% more than it cost in 2020.

One Thing That’s Getting Easier to Afford

It’s not a pretty picture and it’s nothing to cheer about. Almost everything is getting more expensive.

And on top of that, we’re hurtling headfirst into a recession I’m hearing Fortune 100 execs describe as “very deep.”

So not only is your money not going as far as it used to (through no fault of your own, I might add)…

But we’re also looking at an economy that’s going to be very tough to make more money in (again, through no fault of your own).

And there’s one thing you can bet on for sure: the politicians who got us into this mess will NOT help us out of it.

So we’ve got to help ourselves and each other if we want to turn the page and see good times again.

[Side note: I covered the No. 1 thing you need to do ASAP to survive this madness in a special podcast earlier this week.]

And with that in mind, I’ve decided to do something I’ve never done before.

You obviously see that I see and understand how expensive everything is getting.

And you know that I’m a staunch supporter of the idea that investing is the only way to achieve lasting wealth.

And you can probably guess that I’d like to have every retail investor in the world as a member of my investing community, The Wealth Advisory.

I’m here to help and I want to help. But asking you to fork over a ton of money you’re already running short on is not helpful at all.

But I know that being a member of The Wealth Advisory’s community of investors could mean real life-changing opportunities.

So I want everyone to be a member. But it does cost money to run an investment advisory service that’s as successful as The Wealth Advisory.

So I can’t just give it away for free.

But I can do the next best thing…

What Else Can You Get for $10?

Instead of asking you to fork over a couple hundred dollars and sign on for a full year, I’m offering a monthly membership for the first time ever.

You’ll pay a flat fee every month, and the instant you decide you don’t want to pay anymore, you can cancel and you’ll never hear from me about it again.

Plus, I'll give you the whole first month to decide! If you don't like what I've got to offer, then you can cancel and I'll send back every penny.

And you can even keep everything I've sent you up to then.

Every report, every recommendation, every word of analysis, and every investing strategy.

And as for that fee… well, I’ve made it as low as I can to make sure as many people can afford it as possible.

It’s less than the cost of a month of Netflix, less than a burrito at Chipotle, and less than a gallon of gas at some California stations.

But it can literally change your life.

So I hope you’ll take me up on my offer and take advantage of this incredible opportunity.

I hope I see your name on my list next week when I send out our next update.

And I hope you become one of the tens of thousands of investors who’ve already changed their lives thanks to joining The Wealth Advisory.

I’ve made it as easy (and inexpensive) as possible for you to join.

The next step is up to you.

To your wealth,

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Jason Williams

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After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter; the founder of Future Giants, a nano cap investing service; the editor of Alpha Profit Machine, an algorithmic trading service designed specifically for retail investors; and authors The Wealth Advisory income stock newsletter. He is also the managing editor of Wealth Daily. To learn more about Jason, click here.

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