95. Tariffs, Inflation & a Shaky Economy: What It Really Means for Your Money | Seth Allen

Is the economy in trouble? Headlines are swirling about inflation, new tariffs, market dips, and global trade tensions — and if you’re feeling overwhelmed, you’re not alone. In this episode of In Her Wallet, I’m joined by Seth Allen, Senior Portfolio Manager at Cadence Financial Group with Raymond James, who brings over 25 years of experience breaking down the markets and helping investors stay calm during times of uncertainty. We cover:What tariffs actually are (and why governments use them)How trade tensions affect prices at the grocery store, in fashion, and beyondWhat Canadian consumers and investors need to knowHow to stay informed without spiraling from scary headlinesThe #1 money habit to build financial resilience in volatile times Whether you're a beginner or a seasoned investor trying to make sense of it all, Seth shares practical advice for staying grounded, spotting meaningful economic trends, and making smart money moves in any environment. 📌 Listen now on Spotify, Apple Podcasts & YouTube! 📩 Have a question about markets and economy? Drop it in the comments! 📅 Timestamps: 00:00 – Welcome & What This Episode Covers 01:05 – Introducing Seth Allen, Senior Portfolio Manager 02:30 – What’s Really Going On With the Economy Right Now? 03:52 – Tariffs Explained: What They Are and Why They Matter 06:50 – How Tariffs Are Impacting Canadians in 2025 09:15 – Industries Most Affected by Global Trade Tensions 10:53 – Should You Buy or Sell a Car Right Now? 12:00 – Market Volatility: What Investors Should Know 16:33 – Two Types of Companies to Watch: “Renters” vs “Buyers” 22:55 – Smart Strategies for Canadian Investors Amid U.S. Market Swings 29:12 – Money Mindset: Staying Grounded in a Shaky Economy 31:19 – Where to Learn More From Seth Allen 💰Episode resources: 🔹 Cadence Financial Group: https://www.cadencefinancialgroup.com/team/seth-allen 🔹 Get Your Monthly Budget Planner for $20: https://stan.store/inherwallet 🔹 Contact for partnerships & collaborations: https://sofiiasalimova.carrd.co/ 💰 Connect with Sofiia: 🔹 Instagram: https://www.instagram.com/sofiiasalimova/