how to overcome inflation for the community

BRINIRHA

sr. member

Activity: 826

Merit: 266

WOLFBET.COM - Exclusive VIP Rewards

Quote from: gunhell16 on July 01, 2023, 05:14:41 AM

I think that investing and savings are important to do this, whether inflation increases or if anyone is not well prepared in case prices and other things increase.

Because if you don't have savings and you haven't tried to invest in other opportunity businesses, anyone will have a hard time for sure when we have a problem with the inflation crisis for sure. Because we are ready and have other sources of income.

The bottom line is that we must have proper preparation and muster up our financial strength so that it is more resilient and less affected by inflation. and one of them by saving in gold and investing in many things that have low risk. such as property and also digital assets such as Bitcoin.

But when talking about overcoming inflation. then in essence a country must be able to become an independent producer and not too dependent on other countries in terms of the production of goods and food. Because it will be difficult to control prices when our country is very dependent on materials from other countries.

gunhell16

hero member

Activity: 1904

Merit: 541

I think that investing and savings are important to do this, whether inflation increases or if anyone is not well prepared in case prices and other things increase.

Because if you don't have savings and you haven't tried to invest in other opportunity businesses, anyone will have a hard time for sure when we have a problem with the inflation crisis for sure. Because we are ready and have other sources of income.

nesty

full member

Activity: 518

Merit: 184

Quote from: Tallupooh on January 21, 2023, 01:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

I agree with you those strategies should be done to be able to overcome inflation for the community. Encouraging people to save money can help reduce the impact of inflation on their purchasing power. This can be done through financial education programs and incentivizing saving through tax breaks or other benefits. If we do start saving on an early stage probably we already gained enough profit in preparation to the upcoming inflation. Looking for additional income can increase our savings that we will be needed if we face inflation. If we properly manage our finances we can save money, prepare for an emergency as well as we could start investing. If we do all those strategies definitely we could overcome inflation.

romero121

legendary

Activity: 3234

Merit: 1214

DGbet.fun - Crypto Sportsbook

Among the list, I find savings as the best way to overcome inflation. We can't be sure when the economic situation changes, and to meet any such scenario we need to be prepared. What we have been going around started from the days of COVID and this continues. Amidst more and more reforms the scenario continue to be the same.

With is the time when unexpected job cuts takes place. All of the sudden having no money and source to survive is really painful and at these situations it is the savings that helps us. So, amidst the situation and earning we need to allocate major portion into savings.

Onyeeze

full member

Activity: 700

Merit: 205

Quote from: Tallupooh on January 21, 2023, 01:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

all what you listed is not a criteria or a method that I can be use to subdue inflation in a country or in a society because when inflation becomes the money you save or the money you gathered cannot serve you to afford uniques so basically I believe that you cannot use this method to survive during inflation in your country you have to look for another opinion or suggestion that is more refined and presentable to present

Kasabus

hero member

Activity: 2814

Merit: 576

DGbet.fun - Crypto Sportsbook

Quote from: Tallupooh on January 21, 2023, 01:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

Inflation might be here for good I guess. It will continue to affect us no matter how we avoid it, but if we have some initiatives to reduce the risk of inflation, I think it will be a lot helpful for us. And you’re right on your list OP, that will help us not to be so much affected with inflation. But I think the most significant there is through investing in bitcoin. Bitcoin will never be influenced by inflation, so you can always take advantage of it regardless if its expensive price.

Theones

full member

Activity: 1204

Merit: 110

Quote from: 19Nov16 on June 11, 2023, 11:43:30 PM

The thing that we have to understand is that inflation will continue to occur and of course it makes us have to be vigilant, avoiding inflation is something that is impossible for us to do and the best way out to avoid inflation is to find or increase income, there are many ways to make money and if we start from scratch then you can learn from youtube.

never in my life I have seen prices coming down and we get the value of money to the exact number as it was a year ago
so if it is not possible then try not to waste time and earn as much money as you could.

19Nov16

sr. member

Activity: 1722

Merit: 252

The thing that we have to understand is that inflation will continue to occur and of course it makes us have to be vigilant, avoiding inflation is something that is impossible for us to do and the best way out to avoid inflation is to find or increase income, there are many ways to make money and if we start from scratch then you can learn from youtube.

smile1218

full member

Activity: 406

Merit: 100

To be able to overcome inflation for the community we should need to take note strategies that is needed to be able to surpass inflation. First we need to increase productivity wherein we should encourage businesses and individuals to increase their productivity to be able to reduce the cost of goods and services, which can help to fight inflation. Government should reduce inflation by reducing their spending, which can help reduce the amount of money in circulation. Central banks can increase interest rates to encourage savings and reduce spending. Encouraging foreign investments it can help to increase supply of goods and services. Government can implement price controls on essential goods and services to prevent prices from rising too quickly. The solution to inflation and different strategies may varies depending on government.

khiholangkang

hero member

Activity: 2226

Merit: 610

Quote from: Republikcoin.com on June 11, 2023, 02:12:39 AM

Quote from: og kush420 on June 10, 2023, 11:39:05 PM

the society has been ruled by a narrow eliet that have organized the communities for their own benefits at the expense of the waste mass of people.

But do you think that all societies can accept orders from elites who have built their communities for their own benefit? Because I don't believe that all of society will want to take orders from the elite when the people know that they only rule for the benefit of themselves with little regard for anyone other than the people in their own community. So don't think that all people can be easily ordered and directed according to the wishes of certain groups.

I agree with you sir, society cannot all be easily controlled by the elite, especially the middle to upper class, because they have an awareness of mindset. So it is impossible to obey what is ordered by certain groups.
However, it should be remembered that in fact the dominant middle to lower class people are easily provoked on matters of need, so that the elite has loopholes to control the community through the needs and emotions of the community like that.
Inflation is related to many factors and relates to elites in their interest goals.

The most important thing is awareness of thinking and buying needs from products produced by the country itself, stay away from things that smell of imports or only risking prestige. Inflation can also be controlled with mature and independent finance from a government that suppresses society in its contribution and excludes elites.

DrBeer

legendary

Activity: 3752

Merit: 1864

Quote from: og kush420 on June 10, 2023, 11:39:05 PM

the society has been ruled by a narrow eliet that have organized the communities for their own benefits at the expense of the waste mass of people.

Good version... But to be honest - THIS is an AMAZING VERSION, to try to escape from an unpleasant reality

Back to inflation. Inflation is not caused by the elites... It's basically because of us. Why? It's very simple. The only nuance - it doesn't feel good

- We are choosing a government that is not doing the right thing in the economy.
- We don't want to pay taxes, but we want social assistance.
- WE are not used to living by the rules of reasonable spending and not forming a "safety cushion". And then when problems arise (like COVID19), WE start demanding money from the government when we are not working, demanding pensions and other payments, when the government's tax revenues drop, demanding vaccines, food, .....

And what does the state have to do? RIGHTLY - PRINT MONEY, which is not secured by anything!
And there are many more of these "WE don't do" things. And about the "elites" - it's convenient, and you take the blame off yourself, and all - "it's not my fault"

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: og kush420 on June 10, 2023, 11:39:05 PM

the society has been ruled by a narrow eliet that have organized the communities for their own benefits at the expense of the waste mass of people.

But do you think that all societies can accept orders from elites who have built their communities for their own benefit? Because I don't believe that all of society will want to take orders from the elite when the people know that they only rule for the benefit of themselves with little regard for anyone other than the people in their own community. So don't think that all people can be easily ordered and directed according to the wishes of certain groups.

og kush420

full member

Activity: 1050

Merit: 110

Quote from: Hamza2424 on June 10, 2023, 11:29:08 AM

Inflation with time is a fact you really can't avoid because for the sake of more profits when you increase the prices of the products it causes inflation on those products or in reverse order we can say that when the employees demand a Salary Increase and incitements the company increases product prices and agin the extra money you got in a way it is not extra now.

So as we can completely avoid we can make it slow there are many factors behind inflation, it can be greed it can be oversupply so by controlling greed and supply we can somehow slow down the rate of it. Inflation is a very debated topic my ending words on it are as we can stop it we can make it effectless by making some management policies and emotional control all these things will help us to fight against inflation.

the society has been ruled by a narrow eliet that have organized the communities for their own benefits at the expense of the waste mass of people.

Theones

full member

Activity: 1204

Merit: 110

Quote from: robattfield on June 06, 2023, 04:18:44 PM

Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.

that is true and I second your opinion
you cannot have a better tomorrow if you will keep thinking about yesterday. Live in the present moment.
Live to the fullest of your enegry and gain as much as you can learn new skills and live your life like a king.

og kush420

full member

Activity: 1050

Merit: 110

Quote from: tjtonmoy on June 10, 2023, 01:35:26 PM

Quote from: Tallupooh on January 21, 2023, 01:19:24 AM

1. Save money

Only saving will not help you overcome inflation. What happens when inflation took place? The value of money decreases and the price of good increases. So if you think about the long run, saving your assets in money will not help at all. Over time, it will lose its value due to inflation.

Quote

2. Prepare for an emergency

Can anyone tell me how is this going to help overcome inflation? I guess preparing for emergency still count as saving money. What else could help you in emergency during inflation. But as mentioned on the 1st point, saving money will decrease its value overtime.

Quote

3. Looking for additional income

This is acceptable. Money is something that we need, and it's never enough. Having multiple ways to earn more will always help, even if it's not during inflation.

Quote

4. Consumption of domestic products

Not everyone has the ability to grow their own food. In big cities, there are just buildings. Where are you going to grow them? You need a personal place in order to do it. So this is an option for certain people with certain lifestyle who are able to produce their own goods.

Quote

5. Start investing and saving

This is the best option. If we have the asset and ways to invest them, then we should do it. Money makes more money. If you keep it as it is, it looses its value. So finding multiple ways to grow our assets should be our first priority.

all the points you have mentioned are very valid
Having said that life is very unpredictable - it teaches you the hardest but the right lessons in the most difficult times - it breaks you and then molds you into a much stronger person.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: Tallupooh on January 21, 2023, 01:19:24 AM

1. Save money

Only saving will not help you overcome inflation. What happens when inflation took place? The value of money decreases and the price of good increases. So if you think about the long run, saving your assets in money will not help at all. Over time, it will lose its value due to inflation.

Quote

2. Prepare for an emergency

Can anyone tell me how is this going to help overcome inflation? I guess preparing for emergency still count as saving money. What else could help you in emergency during inflation. But as mentioned on the 1st point, saving money will decrease its value overtime.

Quote

3. Looking for additional income

This is acceptable. Money is something that we need, and it's never enough. Having multiple ways to earn more will always help, even if it's not during inflation.

Quote

4. Consumption of domestic products

Not everyone has the ability to grow their own food. In big cities, there are just buildings. Where are you going to grow them? You need a personal place in order to do it. So this is an option for certain people with certain lifestyle who are able to produce their own goods.

Quote

5. Start investing and saving

This is the best option. If we have the asset and ways to invest them, then we should do it. Money makes more money. If you keep it as it is, it looses its value. So finding multiple ways to grow our assets should be our first priority.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Inflation with time is a fact you really can't avoid because for the sake of more profits when you increase the prices of the products it causes inflation on those products or in reverse order we can say that when the employees demand a Salary Increase and incitements the company increases product prices and agin the extra money you got in a way it is not extra now.

So as we can completely avoid we can make it slow there are many factors behind inflation, it can be greed it can be oversupply so by controlling greed and supply we can somehow slow down the rate of it. Inflation is a very debated topic my ending words on it are as we can stop it we can make it effectless by making some management policies and emotional control all these things will help us to fight against inflation.

Theones

full member

Activity: 1204

Merit: 110

Quote from: robattfield on June 06, 2023, 04:18:44 PM

Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.

It surely is and if we will keep looking at the power to solve our problem of inflation then this is not going to happen.
To take care of yourself you have to work harder earn lots of money to keep yourself out of poverty cylce.

og kush420

full member

Activity: 1050

Merit: 110

Quote from: robattfield on June 06, 2023, 04:18:44 PM

Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.

It surely is a global problem and there is no doubt about it.
The only way to overcome inflation is to work harder and earn more then you needed that is the only way. you are going to overcome inflation

robattfield

full member

Activity: 783

Merit: 108

Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.

Topic: how to overcome inflation for the community (Read 1079 times)