May 20, 2023
Inflation, Layoffs, and How to Prepare: A 2023 Financial Update
In this solo current-news style episode, Darrin breaks down the state of the economy in spring 2023, focusing on two key topics: inflation and layoffs.
He shares up-to-date statistics on rising prices and employment trends, then shifts to practical advice on how listeners can protect themselves financially in uncertain times. From building an emergency fund to preparing mentally and financially for potential layoffs, this episode blends news, context, and actionable steps.
In this episode, you’ll learn:
- Key inflation statistics from spring 2023 and what they mean for everyday life
- Layoff trends and industries most impacted
- Practical advice for preparing in case of a layoff:
- Building and maintaining an emergency fund
- Reducing unnecessary expenses
- Networking and updating your resume now, not later
- Exploring side hustles or secondary income streams
- Why staying informed can help you make smarter financial decisions
💡 Key Takeaways
- Inflation impacts everyone. Rising prices mean budgeting and planning are more important than ever.
- Layoffs are a reality. Being proactive is the best way to reduce stress if they happen.
- Emergency funds matter. Saving even a few months’ expenses provides breathing room.
- Preparation isn’t panic. Updating your resume or networking doesn’t mean you’ll lose your job — it just means you’re ready.
- Stay informed. Understanding the economy helps you make better personal financial decisions.
