Creating financial stability in times of inflation
- Desiree Terrell
- Jul 1
- 3 min read
How to plan for inflation risk.
Written By: Desiree Terrell
Rockwall, Texas
July 1, 2025
In my previous post, I talked about the four main financial risks that many individuals experience in their personal finances. The inflation risk is one that people around the world are currently experiencing. The cost of living has increased, and multiple streams of income are now required to become financially stable.
In the past, one stream of income would take care of a household. Now, it requires a minimum of two incomes in a household just to make ends meet. And if you want to have money left over, you need multiple streams of income. You need a plan.
In a Forbes article, the amount of income you need to stay in the middle class from 2023 to 2025 has changed significantly.
“According to Jack Kelly, What Families Need to Earn in New York City, New Jersey, Los Angeles, and San Francisco to Be In The Middle Class, you need more money. For example, in New York City, to achieve middle class means you are not on any government assistance or in the lower tax bracket. You will need to make between $53,033-$159,114 a year. In Los Angeles, you will need to make $61,027 to $183,102 a year” (Jack, Kelly, Forbes, 2025).
“But to live comfortably, covering essentials, discretionary spending, and savings, a family of four needs $306,093 in New York City, and $300,000 in other major California cities” (Jack Kelly, Forbes, 2025).
The problem is that some of the jobs' starting salaries do not begin to meet the minimum amount. So, what do you do? Is there a solution to this problem? Yes, there is a solution, and if you follow it, your finances will increase, and you will be in control of your money instead of inflation controlling your money.
#1 You need a job.
There are some people who have this mindset and believe that they do not have to work. That other people who are working and can financially provide for themselves and their families are supposed to provide for them. This mindset keeps many people living in a place of financial lack and hardship because there is no understanding of having a good work ethic.
Not working in 2025 is not an option. You must get gainful employment so that you can begin to build financial stability. Assistance from others does not make you financially stable. They make you financially comfortable for the month until you are in need again. That cycle and mentality must be broken so that an individual can begin to build financial stability.
This is not to hurt anyone’s feelings or to condemn anyone. It is to set you free from the mindset that keeps many people in financial bondage and chains. I am anointed to break those chains and set captives free according to Luke 4:18. It begins with wisdom, knowledge, revelation, insight, and understanding. I will go deeper into this in my next post, so stay tuned.
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