Topic: Everything is over priced but people keep spending - page 8. (Read 1931 times)

especially for those who have a low income and only enough to fulfill their basic needs.
so it may be very difficult to save, they can do DCA bitcoin but in small amounts, for example only $10 per week or even per month. but if he stays regular and never sells it, maybe within 10 years he will be able to get out of poverty.

A lot of rich people started out with a small amount that were saved and with compound interest, this has grown into a massive amount or they worked hard and they invested their savings into building a business.

These days, people watch these online streamers and everyone wants to be instant rich like them. 

Unfortunately, the world does not work like that for everyone... some people have to start small and spend wisely and become rich over a long time.

I mean we could clearly notice these high prices on every product in the market, I remember having around 10$ on a grocery and it feels like 10$ which is around 500Pesos here in my country is already a big deal, you could budget it somehow even though it was still a small amount of money but you could survive with it probably within a week with the right budgeting but right now it was just impossible your gonna need around 40$-100$ just to make it until next week.

The bottomline these things are just inevitable and there was really nothing that we can do about it, its inflation the government is just keeps in printing unlimited money, with that supply and demand of fiat money we could easily say that we are just slaves of this system, but country are being run by the government so there was nothing we can do completely to change this system.

The best thing that we can do about it is to adapt to it, we need to budget, learn how to manage our finances, be wise, have a financial foundation, have investments, etc. I understand that things are just over a price right now but if we are talking about needs there was no choice but to adapt to it , because its our basic need and we cant survive if we dont buy these things, but we could still do things to budget and go on some alternatives, I mean cooking at home on me do the trick, those restaurants just had a mark up around 300% of the food that you buy if you cook at home you have the choice of making it healthy and you could cook more than the serving on restaurants.

Were just gonna go back to investing and managing our finances, dont buy things that you could afford, have multiple income streams, have financial foundations, etc. It's not going to be easy for sure but we gonna need to do the hard work in order to survive, the world is cruel and not fair but we are living on it, we just doesnt have a choice so either do something about it, or stay poor.

Yeah right, almost everything is now expensive. Even candy or a bottle of water is already heavy in the pocket but we keep buying because it is one of the things we need in life. It's the same today, even though the goods are expensive, we keep buying because we have no choice. Today, everyone really only works to buy the necessities of life, and sometimes they can't do other things that are also important to do like saving and investing, they don't think about that anymore because the what's important to them is that they have the needs of everyday life.

as a younger self. i remember car fuel was #0.59 a litre(pre-millenium). it went to #1.40 in 2019 then #2.00 during the covid-ukraine saga, then down to #1.40/litre again now

my elderly relatives talked about how a average salary was #10 a week for a trainee/min wage when they were young. now its ~#450 min wage

its called inflation. its always happening, always has happened.. everyone has experienced it for as long as people have lived

everyone has to eat, pay bills and survive so yes people will still keep spending. saving money wont make the price of goods drop to 1990's nor 1970's prices.. those times are GONE

we have to adjust to the economics of now, not desire the economics of the past.
sorry but we are not going to see an era of housing being #5000 again and #10 being enough to live on for a week, sorry, those days are gone

the purpose of not spending and instead saving is to have a temporary emergency pot of money for surprise expenses
the purpose of not spending and instead investing is to have a long term future wealth pot of money for hedging inflation for the future

saving and investing instead of spending wont cause prices to drop to prices of decades ago

I see a lot of people endlessly repeating that prices have gone up, for example:



And we don't talk about the salary increases during these 10 years? The 2010-20 period was low inflation, and from COVID in 2020 it was exacerbated, but what usually happens with inflation is that not only do prices go up, salaries also go up. What happens is that they tend to rise after prices and not in all cases compensate for the rise in the cost of living, so today everything is more expensive, but let's not just talk about inflation as if it were the only thing that happens.

Now to keep spending most people are pulling savings, or worse, going into debt, which is one of the worst things you can do for your finances going into debt to pay for consumption, like going on vacation. A few have jobs that have raised their salaries above inflation or have found ways to beat it with other income sources.

10 years ago, one could live comfortably, everything was actually value low and things were very affordable for the common man but currently, I don't think so due to inflation. In our present state, there are objectives we can't omit because they're just necessary. Everything is actually value high in our present days, I'm currently running in some good research and it clearly stated out how complex things have turn out to be, very expensive and we can't stop purchasing them because they're important for our well-being as human.

Inflation has the upper hand. The amount it’ll cost you to purchase something about 10 years ago isn’t the same as what it will cost today. However, that doesn’t mean that people will stop purchasing that thing. It doesn’t matter how much the cost of things increase, people will still eat out for their respective reasons which could because they don’t have the time to cook or even the skill. But it shouldn’t be surprising that the cost of living is getting higher.

We can't get anywhere by complaining. We cannot achieve our goals by complaining. We can't change things by complaining. We must invest in ourselves and always aim for better.

Everything can be expensive and many things can go bad economically. Despite these, we must work harder and improve the conditions we find ourselves in.

People's preferences may vary in every region. Considering today's conditions, people should make their choices for their future and stay away from many unnecessary things. Unnecessary expenses distract people from their goals, but many people do not realize this.

Cooking at home may seem cheap but if you really consider the cost and you really intend to make a well prepared meal cooking is no longer cheap. It is just safer and healthier because you can always eat to your fill, and then you are sure of the ingredients that have been used in preparing the meal and the state they are in.

The people who are buying these things without complaining have quit complaining because they know it is ineffective and useless, they are now focused on making enough money to be able to meet their expenses. You should also quit complaining and try to look for more ways to make more money.

nowaday sometime freelancer is out of the option, the chance for people that just starting out to get money is slim, freelancing projects always get overtaken by people that has extensive portfolio of working in that plafrom so the earlier and the more portfolio you get the bigger chance your team getting accepted into working in a certain project, investing on the other hand is a lot more better opportunity to earn money than freelancing, even part time nowaday is just enough for us to survive, a person can have two job at two shifts and could only survive paying rents and foods.

on the other hand people are investing into cryptocurrency the people that are faithful from the start im sure are buying real estate right now, thats the stark difference between earning money through working or earning money through investing in crypto. everything has changed, the only way to make money is from investing money and letting it grow.

It is not that people do not want to complain; rather, if they do, the government, which is meant to be a mediator, does not have the time to listen to the people and instead lets them bear their own burdens. Furthermore, there is no hope for us if the government continues to complain about the poor economy since they alone bear responsibility for the nation's collapse due to their own selfishness.

It seems as though we are trapped in a circle because prices are continually rising, even if you choose not to spend the money. Taking further action to help our financial status is, in fact, a very good idea. It makes more sense to invest your money rather than put it in savings because you will undoubtedly spend it anyway.

It is understandable that inflation and rising costs can make living challenging. While you may not have control over the economy, we can take steps to improve our financial situation. Consider exploring options like part-time work, freelancing, or investing to increase your income. Building financial resilience can help you navigate economic challenges and achieve your goals.

What choice do we have, right? If we don't buy the things we need or need, then how could we live?Yeah inflation is keeping on increasing and so do the products but we can't do about that we don't have any alternative on where to buy goods in cheap price, even we do it is hard to find, right now that this world is becoming more expensive its on us how will we survive how will we cope up in this messy world, so you can either go with the flow or leveled up, meaning if you will still have only one stable job and that's your only source of income then you are most likely making your living hard or tight, that's why I believe that having one stable job is not enough you can either have a side job, part time job or an investment in order to have extra income with that you can supply your needs and wants whenever you want. You don't have someone or something to rely on, so it's up to you how you will live.

The truth is no matter how expensive things become today or tomorrow people will still survive, live must go on. except you are expecting people to stop living there normal life because things are get worse everyday.

For someone like me I don't enjoy complaining rather I love to work harder and go silent than make a whole lot of noice that won't change anything, I believe that is what most people have come to realize too, instead of complaining to ourselves that the price of goods and services are too expensive let's just keep calm and move on.

In my area, survive is now the major priority of every one, most people are just focused in satisfying themselves for the time being than, get themselves messed up because they want to invest and not survive. Although its and individual thing some are busy investing and  some save too but be it as it may people have to keep the ball rolling.

And thats reality and we dont have any choice but to deal with it. Even if you do want to complain but there's no way that you could really be able to avoid these circumstances but rather you would really be finding out yourself that finding up ways for you to survive specially if you are someone whose really that been that depending with your day job salary. Inflation would fuck us up imho.
This is why on the time that you are already aware that you've been struggling then you would really be definitely be making those budget plan and buying up things with expensive tags
would really be not on your main consideration or priority on which you would really be finding up those things on which you would really be seeing that it do functions
well but not really that breaking the bank.

People have no idea, that's why they don't complain. Even if people complain to the government, they won't get satisfied response. It is because the government will tell them about the bad economic status of the country. So, the government can't help much to deal with the situation!

The only way is to minimize our spending, don't buy unnecessary things. We must spend money for basic necessities and urgent needs only. This can help a lot of our financial stability. We also need to get some side jobs that may give us additional income. One of them is the job we do in this forum. You can do whatever you can here, it is not only joining signature campaign.

By they way, I think we still can have saving and investment. Sometimes, we can reduce daily expenses if possible. Or we can use some of the money got from side jobs for saving and investment. IMO, saving and investment are also important because it is a part of our efforts to ensure our future. We don't only live today, we will live in the future as well.

The price of things that is moving up that doesn't mean that people will not survive because of hardship, currently, I understand that cryptocurrency can make us to eradicate hardship in a country, and it's clear that in cryptocurrency investment especially Bitcoin, some countries invest on it in other to boost their economy, so any country that doesn't such mind of diversification of resources always suffer for hardship,  so in summary their is no way you can notice a hardship and you fail to survive

The price of commodities are increasing everyday,  and these are the basic things people can't do without on a daily basis,  people will definitely spend money to eat food no matter how expensive it is . Because of the price of things are going up won't stop people from buying what they need. I think in this difficult time it seems people spend money more just because the price of things are very expensive and this won't stop people from affording what they want. One of the best way to survive in this season is for one to as much as possible to to create more sources of income, this will help people to provide for themselves what they want without considering how expensive the price of things are .

That's right, the price of basic commodities is of course possible that over time the price will rise and there must be a cause behind that, what you said is correct, even though basic commodities are rising, we like it or not have to be able to accept it because it is a basic need for all of us. Even if we complain, it can't change the situation and maybe if there are many people who can't accept this, there might be conflicts such as demonstrations or other things. but what is clear in my opinion is that it is a natural provision, so we cannot move much, we have to be able to accept it, as you said, we must have more income than usual, and even though there are still many people who are poor, if that is the case then they you have to be able to accept it.

That makes sense, and eating at home while gathering with family is not bad, because in my opinion the relationship will remain good Rather than forcing ourselves to have a luxurious style but it ends up strangling our own necks it's better to just do something simple, besides, in my opinion, there are also people who force themselves to be stylish but they don't pay attention to the situation so it becomes their own problem.