They Want to SLOW DOWN Pay Raises

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If you have any kind of ambition towards taking control of your personal finances and building wealth, then I would assume one of your goals is to increase your pay raises at work! Sure, maybe you don’t plan at staying with your current employer for the next 40 years; however, while you are with them, seeking wage increases can make your financial goals happen that much quicker. The Federal Reserve had a meeting last week in which they revealed some of their newest thoughts and ideas directed at getting inflation and price rises under control. The dynamic that took all the mainstream headlines was the increasing of the federal funds rates by .25%, but the most interesting details can within the fine print. Specifically, the federal reserve announced that they are actually wanting to see pay raises slow down. I don’t want any of this to discourage you in your pursuit of financial goals; but, you do need to at least be aware of the type of environment we seem to be headed into. Just keep your axe to the grind stone and push through these tough times that are approaching!

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