Have you felt the impact of inflation so far? - page 4.

Fara Chan

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Quote from: ShowOff on September 02, 2022, 11:30:13 AM

As we know, investment is one way to reduce the impact of inflation in the long term, but in my opinion, there must be a balance between demand and investment.

Yes, that's right, this is directly related to the law of demand, there must always be a balance, but sometimes investment goes against the law of demand.

Quote from: ShowOff on September 02, 2022, 11:30:13 AM

If in the last few years I was able to invest up to 50% of my total monthly income, this year I'm sure it has dropped very drastically.

Depending on which coin you hold, if market conditions are not good, then the income we receive will automatically decrease, because investing in crypto has a down and pumping condition.

Quote from: ShowOff on September 02, 2022, 11:30:13 AM

I also don't just think of crypto as an investment asset because there are actually many other assets out there that I would also consider to be a good long term investment.

Your assumption is very true, almost everyone knows this, but what we need to know, bitcoin has a more perfect meaning, if you and I know when to enter the market and make long term investments, 2021 is a great example of what we can do

Quote from: ShowOff on September 02, 2022, 11:30:13 AM

It's not a matter of knowing or not, new or old, but actually investing is an awareness of how we can benefit from money, meaning let money work for us besides we also work to earn money.

The investment function is indeed looking for profit, but speaking of science and strategy are two things that cannot be separated, that's what I mean by that we must know when is the right time to enter the market. Now is the time for money to work, but it also can't be eliminated because people are in control.

Quote from: ShowOff on September 02, 2022, 11:30:13 AM

Right now what I'm thinking about is how this stability can be achieved when things get worse due to government policies.

Trust me, government policies are not capable of influencing bitcoin, the decentralization in question can be attributed to this statement, as long as you hold the right and potential coins.

stomachgrowls

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Quote from: nurilham on September 02, 2022, 06:02:32 PM

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Inflation will be difficult to control, many countries are helpless to overcome inflation, the hardest thing is usually to remove subsidies so that it makes the people more difficult, I feel the impact of inflation in 2022, although the government provides a good policy on the economy but the fact can not be felt by the people.

If the country has no good preparation to face the current inflation, it is difficult to overcome the situation. In my country, the government prefers to have a loan from another country and also remove subsidies to deal with the situation. It may be a proper solution temporarily, but it will bring negative impacts in the future. The loan should have high interest, and the government will force society to pay the loan by increasing the taxes. Sure, society never feels happy about the policy, it even makes their situation worse because they have to bear the burden of the state's debt/loan which they basically don't want to. I am as a society, also feel sad about the inflation and the worse decision made by the government.

You would really felt that impact if you dont really do something or finding out other ways for you to earn more income because just like on what most people been saying that inflation could really give

impact on everything which it cant be something for it to be resolved but it do gets worst as years passing by which it would be common sense that we should be finding ways for us to sustain at least.

You would definitely felt the impact if you are on a situation or condition that you would fell short when it comes due to expenses so it would really be just sensible on doing such things.

nurilham

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Inflation will be difficult to control, many countries are helpless to overcome inflation, the hardest thing is usually to remove subsidies so that it makes the people more difficult, I feel the impact of inflation in 2022, although the government provides a good policy on the economy but the fact can not be felt by the people.

If the country has no good preparation to face the current inflation, it is difficult to overcome the situation. In my country, the government prefers to have a loan from another country and also remove subsidies to deal with the situation. It may be a proper solution temporarily, but it will bring negative impacts in the future. The loan should have high interest, and the government will force society to pay the loan by increasing the taxes. Sure, society never feels happy about the policy, it even makes their situation worse because they have to bear the burden of the state's debt/loan which they basically don't want to. I am as a society, also feel sad about the inflation and the worse decision made by the government.

KingsDen

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Inflation will be difficult to control, many countries are helpless to overcome inflation, the hardest thing is usually to remove subsidies so that it makes the people more difficult, I feel the impact of inflation in 2022, although the government provides a good policy on the economy but the fact can not be felt by the people.

This is happening in our country. The government is trying to do temporary solutions but the people can't feel their good policy. Everyone is struggling because all the prices of imported goods and necessities have risen. I haven't had this kind of struggle before and it seems like we're in survival mode each day.

What exactly is the major cause of this global inflation? Why is it affecting every country. After covid-19 pendamic till date, the cost of products and services has trippled. I was simply much worried that I had to contact my friends outside my country about it and they confirmed it's happening in their countries as well. The value and purchasing power of the fiat keeps reducing. I am thinking if this will continue this way, or will there be a normalcy and how will it be attained?

ShowOff

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Quote from: Fara Chan on August 31, 2022, 10:52:23 PM

If I were in your position, maybe the first step I would take would be to calculate the assets, then convert some good investments, like bitcoin potential or altcoins, especially from the story you wrote, it sounds like you are not new to this world. The scope of investment seems to understand well, the potential of bitcoin and altcoins. Of course you understand when is the right time to start

As we know, investment is one way to reduce the impact of inflation in the long term, but in my opinion, there must be a balance between demand and investment. If in the last few years I was able to invest up to 50% of my total monthly income, this year I'm sure it has dropped very drastically. I also don't just think of crypto as an investment asset because there are actually many other assets out there that I would also consider to be a good long term investment.

It's not a matter of knowing or not, new or old, but actually investing is an awareness of how we can benefit from money, meaning let money work for us besides we also work to earn money. Right now what I'm thinking about is how this stability can be achieved when things get worse due to government policies.

Rockstarguy

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Inflation will be difficult to control, many countries are helpless to overcome inflation, the hardest thing is usually to remove subsidies so that it makes the people more difficult, I feel the impact of inflation in 2022, although the government provides a good policy on the economy but the fact can not be felt by the people.

The inflation is not affecting the economy of a particular country but it is also affecting the global markets which is affecting many countries in the world. The inflation is affecting every class of human, company workers and government workers who are know to spend money excessively before, now they mind the way they spend money because the money they receive as income is not enough for them. The funniest part about the inflation is as if food items are the most expensive things now.

boris singer

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Quote from: carlfebz2 on September 01, 2022, 03:29:59 PM

Quote from: boris singer on September 01, 2022, 03:16:39 PM

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

In this case, taking a loan is not the right thing in my opinion, because regardless, it will make things worse, not better.
Maximizing what we have is still a good thing than having to borrow money I think and this is what I do because with this loan it will actually branch when we think because apart from having thoughts to make something better or at least being able to eat for tomorrow we also have to think about loan repayments.

Lubang Bawah

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I feel the impact of inflation since the Covid occurred, prices rose fantastic while income decreased dramatically, and now I have to do many things to be able to survive, I sell online and become a reseller of many products, every day looks busy but income cannot be as expected.

Silberman

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Quote from: Kakmakr on August 30, 2022, 12:48:21 AM

Nobody can hide from the impact of inflation, no matter if you are rich, middle class or poor. The people suffering the most are the poor and middle class... and you will find with the higher unemployment after the impact of the Covid pandemic... a lot more people moved from the middle class to the poor category. Roll Eyes

I definitely feel the impact of higher inflation and higher fuel prices....and I have not received an increase in my salary for the last 4 years. (I am just happy to have a job) Wink

It is true that no one can really hide from inflation but we can take steps that at least offer some protection against it, and one of the most obvious steps is to convert your fiat money that is losing value every single day into something that keeps it, you could buy gold or silver and in the case things get even worse not only you could protect your wealth but you could even obtain profits once people realize that things are getting out of control and decide to buy gold and silver as well, but obviously in order to do that you need to have savings, and saving is difficult to do when inflation is going up so rapidly.

lienfaye

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Really felt. Almost everything is getting more expensive but wages remain the same. Because of this I really need to cut short my budget and prioritize the essential things before the wants.

We need to be more wise in order to cope up and if possible aside from your main job, find other way to get extra income. Through this, your earnings will be sufficient for your monthly expenses and you won't struggle budgeting.

Smack That Ace

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Quote from: justdimin on August 29, 2022, 11:20:30 AM

Quote from: bakasabo on August 29, 2022, 02:02:59 AM

Those who say they dont feel the impact of inflation are living with their parents and the last time they were in shops was with moms. I am used to my utility bills being always higher compared to similar month previous year. Gas, electricity, water and etc are always getting more expensive. But food prices makes me feel depressed. Little comparison - previously I could go out of the shop with two full bags of food for 50 euro, now I get only one bag for same amount. I was amazed how taxi ride cost now. I used to pay 7-10 euro for work-home ride (that is about 10km). On Friday I have paid 31 euro.

I have to say even though I felt the hurt of inflation, I did not felt it as much as the very low income people of my nation. Why? Because I make my income with dollars, so my salary is in dollars, whereas they have a salary in our fiat, and they were already making less than me, and with our inflation being like a million times worse than USA, the rate between our fiat vs dollar went up too.

Hence, I make more than most people in my nation, it is a decent wage, like a very good job, not business or company level, just like someone with a good salary so it is not insane. But people who make the minimum wage? Those people are living in poverty right now, barely find food to eat, it is really terrible, there are more and more people dying of starvation right now and in 2022 starvation shouldn't be a problem if you ask me.

Even if your income is paid in dollars, you cannot avoid the effects of inflation. For example, the price of gasoline, before you only need to spend 1 dollar to buy a liter of gasoline, but now you have to spend 2 dollars to buy a liter of gasoline, it cannot be said that you are not affected by inflation.

Simply because you have a better income than many people, spending is not difficult but if you compare the amount from your monthly income and expenses, it will be much different than it was before inflation hit.

amishmanish

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Certainly... I see the rates of consumables hitting high this season. After the petrol rate hikes there was a steep price rise... This year the increments had been really poor and I know a few friends who were laid off.. if all this is signs of inflation or recession. I think I felt it around me.

Strongkored

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Quote from: ShowOff on August 31, 2022, 11:27:48 AM

Quote from: Strongkored on August 29, 2022, 12:52:18 AM

If the discourse of increasing fuel prices will actually be carried out (it will definitely be done) it will make it even more difficult for low-income people to meet the necessities of life.

Yes, it will be done soon and maybe on September 1 it will be implemented.

There has been no change based on the news that I read in online media source but I am very sure that when it has been implemented, the fastest response to the increase in fuel is the increase in the price of groceries

Quote from: el kaka22 on August 31, 2022, 03:04:43 PM

BIIIIG TIME. I have been living a bit worse, have debt on top of that, and I haven't had a good nights sleep for a long time all because of inflation. I have been trying to find a way to make more money, or at least like an investment that could bring me money, because I do not have time to work anymore, I am already working a lot, so I needed an investment that will make an income for me and failed that too.

But unfortunately most people still have to struggle to meet they daily needs so so investing is not an easy thing for them to do

sayaya17

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Quote from: carlfebz2 on September 01, 2022, 03:29:59 PM

Quote from: boris singer on September 01, 2022, 03:16:39 PM

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

Because most people are affected by rising inflation, we really have to be wiser in managing our finances. We have to start changing our lifestyle
to be more frugal, and start buying less luxury goods and focus more on investment. We can develop our skills to open more opportunities to make
more money, and don't be lazy to dig up information on the internet to find ways to increase our source of income. In addition, for people who still
have small incomes, they must be more diligent in looking for side jobs, and not solve their financial problems by borrowing money. It will only
create new problems in the future and ultimately make life more difficult. Actually there are many ways for us to make our income increase
by looking for information on the internet, then we need to think calmly and don't be too hasty in making decisions if we need additional money.

kawetsriyanto

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Quote from: ShowOff on August 30, 2022, 12:28:24 PM

I agree with you both. The alternative option of a side job is something I need to think about now. But of course it is difficult to get a job if the skills are insufficient, but perseverance and faith will help to get out of trouble.

Sure, having a side job is needed. I also do some side jobs because I can't rely on my main job in real life.
No, you don't need to look for a job, you can do online jobs that you can manage yourself. Have side jobs in this forum, have an online shop, or any other online jobs, these can be proper alternatives. You can consider which one you are familiar enough or which one fits with your ability/skills.

Quote from: ShowOff on August 30, 2022, 12:28:24 PM

So far I've been thinking something about the profit prospects of cattle farming or anything equivalent. I'm thinking about how this is useful for the short term although I know crypto investing is good for the future too. I hope my intention will come true, but of course I won't be doing it myself due to time constraints.

Cattle farming or the like is a long-term business. It doesn't fit with your goal if it is for the short-term. You need to find a job that can give you instant profits or instant money if you prioritize a short-term goal. Wink

Vaskiy

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In each and everything it is possible to experience the inflation. In particular, I can remember the food on the streets. Once those food on the streets were affordable, now that itself looks high. This is the best price, but it looks high. With such pricing only the vendor is able to make little profit. Apart from that vehicles price, I bought a motorcycle for $1000 few years back and the same costs around $1800 at present.

Davidvictorson

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In my country, the annual inflation rate in Nigeria increased to 19.64% in July of 2022, which is the highest since September of 2005. The value of the currency has weakened. The prices of food items have tripled. People who live in Urban centers who can't afford 3 square meals anymore are moving down to rural areas. Some have even taken to subsistence farming as a means to grow their own food. PMS and Liquified gas prices have quadrupled and right now, there is no end in sight. Everyone Tom, Dick and Harry is affected by the inflation.

Theones

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Quote from: carlfebz2 on September 01, 2022, 03:29:59 PM

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

Inflation has affected everyone. The whole world has been affected by the inflation.
There are trouble after trouble and they are not going to end anyway.
we have reduced the grocery purchase and electricity and fuel consumption.

carlfebz2

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Quote from: boris singer on September 01, 2022, 03:16:39 PM

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

boris singer

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Activity: 882

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From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

Topic: Have you felt the impact of inflation so far? - page 4. (Read 1583 times)