Key insights
- The author expresses frustration with the compounding negative impact of inflation on personal finances, comparing it to compounding growth. They are developing a family financial dashboard to model inflation's effects and are seeking methods to more accurately factor it in, alongside future tax implications. The discussion highlights a personal perspective on inflation's economic drag rather than a direct market indicator.
Just been working on a family financial dashboard and added an inflation toggle to it, and yep.... just pissed at how much inflation sucks.
It's kind of crazy the compounding hit it has just like compounding growth is awesome, compounding inflation impact is the opposite of awesome.
Curious what are actual inflation calculations other people are doing as I am assuming my newbish method probably can be improved.
But basically am doing the following.
Gathering full list of assets and toggling between generic assumed annual growth vs historical for each line item. So sliding 6-8% growth to see what that's like, then toggling to per-asset growth and seeing difference.
Then added ignore/consider inflation button, with slider from 0-5% and seeing how lame 3% impacts and it's depressing 😛
What are you folks doing to semi-accurately factor inflation?
Geeze and I haven't even gotten to baking in tax impact, that's going to suck more 😛