Topic: how to overcome inflation for the community - page 4. (Read 1076 times)
In my opinion, the best and most effective way to deal with inflation is to reduce consumption and unnecessary spending. Many people buy vegetables, fruit or meat and then store them in the refrigerator, and many vegetables or meat are thrown away because they are no longer suitable for consumption when stored in the refrigerator. The best thing is to buy vegetables or fruit and if you have a plan to cook.
Looking for extra income is not wrong at all for everyone who wants to overcome their difficulties in life, but if the extra income is always used up without anything left it will also be in vain in the end. Because this income also needs to be taken elsewhere, such as in savings or invested in several assets that have a high selling value. Whether it's into real estate or into crypto, in essence, you have to have initial savings so you can work on these two things. So whatever the current conditions are, saving is a very important thing in everyone's life and that is very much regardless of whatever conditions we are currently facing.
someone is looking for extra money because their income is not sufficient to meet their needs or desires and there is still time left or there is time outside so someone is looking for additional income, that is very good indeed but whether it is finished or not cannot be reached, of course everyone wants to have future savings / investments future, but not everyone can do that because of the demands of needs and desires that must be fulfilled.I understand how this situation is because I've experienced it but everyone wants to get out of it and have money to save or invest.
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I would also agree more if you told everyone to do business to fight inflation which may never end, although I don't think inflation will ever end because now there are several ways to deal with excessive inflation. One of them is by doing business so that you can get additional income in life and keep trying to turn money into new jobs that are seen as having the opportunity to get more results or money without sacrificing more capital or other existing businesses.
in fact, in this case the government of a country has a big influence on the policies made to keep the financial or economic stability of the community.but apart from that we have responsibility for ourselves and we have to fight for ourselves to get out of the shortage.
doing business is a very right way or decision, I always agree with people who start a business, this is very good for current and future ma.
Taking the time to hunt and shop for discounted items is a brilliant idea to save money in times of inflation. But if you have a savings account and get extra income from your investments, you don't have to worry about spending every day. Moreover, saving and investing not only help us deal with current inflation but also help us in the future because inflation will always be with us. The best way to beat inflation is to increase your income, not just save and buy discounts every day.
Most of all, the unprotected segments of the population, such as pensioners, will feel the consequences of rising inflation, since their pensions are often not high and they are not always enough even for the most necessary things.
If you have a business, then it seems to me that in this case you simply include price increases in the margin, but the most important thing is to remain competitive in the market.
In countries where things like inflation happen people understand how they live at that time. A few days ago I saw Sri Lanka where people were living a difficult life due to inflation. Most of the time there was no electricity in Sri Lanka.
The Australian cricket team toured Sri Lanka at the time and Australian captain Pat Cummins shared a picture on social media where they were having candle-lit dinner due to no electricity. If this is the case in a five star hotel, then imagine how common people used to live. At that time, a packet of 1 kg of powdered milk exceeded $20.
During that time, common people lived very hard. Those who have seen this incident in Sri Lanka should learn from the incident in Sri Lanka. Something like this happened in Sri Lanka a few days ago and after a few days something like this can happen in your country too if you are not prepared then how will you deal with that time. We have to plan these things in advance along with money savings and take some other steps.
The Australian cricket team toured Sri Lanka at the time and Australian captain Pat Cummins shared a picture on social media where they were having candle-lit dinner due to no electricity. If this is the case in a five star hotel, then imagine how common people used to live. At that time, a packet of 1 kg of powdered milk exceeded $20.
During that time, common people lived very hard. Those who have seen this incident in Sri Lanka should learn from the incident in Sri Lanka. Something like this happened in Sri Lanka a few days ago and after a few days something like this can happen in your country too if you are not prepared then how will you deal with that time. We have to plan these things in advance along with money savings and take some other steps.
In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.
I think saving and investment is not smart way to approach inflation, but underpaying for something by getting in bulk so that you would profit later on when inflation happens is the smart way to go. Just to give a simple small example, I bought all my food for monthly at the start of the month, it may look like not going to grow too high, but not everywhere is Germany, in my nation from start of the month to end of the month matters, plus when you buy it in bulk, it makes it a lot cheaper as well.So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.
Taking the time to hunt and shop for discounted items is a brilliant idea to save money in times of inflation. But if you have a savings account and get extra income from your investments, you don't have to worry about spending every day. Moreover, saving and investing not only help us deal with current inflation but also help us in the future because inflation will always be with us. The best way to beat inflation is to increase your income, not just save and buy discounts every day.
I think inflation that occurs is something we have to pay attention to, many people are poor because of inflation so anticipating inflation is a smart move, and I think the best thing when we want to overcome inflation is to increase our income so that we have financial security.
These may be some great tips in life, but really what matters is how each person approaches and copes with inflation. Not all tips work for everyone, and not all of these tips are good. Because focusing too much on a lot of issues anyway will only make them out of control, which is really not good. The word can do the opposite of what you're trying to do, and things will only get worse. So try to understand what you need and just do well what you are doing; don't think about the negative problems that it brings; just check if you are really persistent enough to face it.
So instead of thinking about how bad is inflation to us, much better if we focus on finding additional sources of income because whether we like it or not, this gonna happen to the market. What we gonna do is to adopt the situation and have more investments and sources of income we can never feel how bad it was. In today's situation, we can never be lazy and feel tired, but must have to work harder and be wise when it comes to spending money and in this time, people had realize the value of money in our lives. 
These may be some great tips in life, but really what matters is how each person approaches and copes with inflation. Not all tips work for everyone, and not all of these tips are good. Because focusing too much on a lot of issues anyway will only make them out of control, which is really not good. The word can do the opposite of what you're trying to do, and things will only get worse. So try to understand what you need and just do well what you are doing; don't think about the negative problems that it brings; just check if you are really persistent enough to face it.
So instead of thinking about how bad is inflation to us, much better if we focus on finding additional sources of income because whether we like it or not, this gonna happen to the market. What we gonna do is to adopt the situation and have more investments and sources of income we can never feel how bad it was. In today's situation, we can never be lazy and feel tired, but must have to work harder and be wise when it comes to spending money and in this time, people had realize the value of money in our lives. 
These may be some great tips in life, but really what matters is how each person approaches and copes with inflation. Not all tips work for everyone, and not all of these tips are good. Because focusing too much on a lot of issues anyway will only make them out of control, which is really not good. The word can do the opposite of what you're trying to do, and things will only get worse. So try to understand what you need and just do well what you are doing; don't think about the negative problems that it brings; just check if you are really persistent enough to face it.
I think saving and investment is not smart way to approach inflation, but underpaying for something by getting in bulk so that you would profit later on when inflation happens is the smart way to go. Just to give a simple small example, I bought all my food for monthly at the start of the month, it may look like not going to grow too high, but not everywhere is Germany, in my nation from start of the month to end of the month matters, plus when you buy it in bulk, it makes it a lot cheaper as well.
So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.
I'm only sure of one thing, if this way is adopted by most of the people in your country, then I think the inflation will get worse. I mean, without you knowing it there is an increase in demand for an item in the market which is likely to make the price more expensive over time but maybe you don't realize it because you buy it in large quantities. This is a reaction that actually needs to be avoided during inflation because the higher the value of an item, the lower the value of the fiat itself.So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.
Hoarding goods in large quantities appears to benefit consumers, but in reality this forces inflation to continue to increase because the value of an item will increase due to high demand.
In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.
I think saving and investment is not smart way to approach inflation, but underpaying for something by getting in bulk so that you would profit later on when inflation happens is the smart way to go. Just to give a simple small example, I bought all my food for monthly at the start of the month, it may look like not going to grow too high, but not everywhere is Germany, in my nation from start of the month to end of the month matters, plus when you buy it in bulk, it makes it a lot cheaper as well.So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.
Look for ways of smart earning, saving doesn't help to reduce inflation go for investment to get profits.
In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.
I think saving and investment is not smart way to approach inflation, but underpaying for something by getting in bulk so that you would profit later on when inflation happens is the smart way to go. Just to give a simple small example, I bought all my food for monthly at the start of the month, it may look like not going to grow too high, but not everywhere is Germany, in my nation from start of the month to end of the month matters, plus when you buy it in bulk, it makes it a lot cheaper as well.So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.
In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.
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?
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?
Your fiat savings are not important for inflation. Since the purchasing power in your region decreases, the value of your money automatically decreases.
Article 3 has no effect on inflation, but when you earn more income, you will be less affected by inflation. Actually, you are indirectly affected, but you don't feel it.
The method you use in point 4 will be very limited and will have no effect.
Your situation may differ in terms of how you invest in item 5.
As a result, it's best to plan ahead and change some of our choices. If we can understand more clearly how the concept of inflation affects us, we will be less affected if we have certain opportunities.
invest in gold. I think gold is the most effective way to deal with inflation. the money that we hold now is certain to experience continuous inflation until an undetermined time. even in their down economy, they will not be strong enough to defend against inflation, but if we are smart, set aside our money to buy gold so that in the future there will be savings when inflation is worse on a global scale than this.
Gold has always been the perfect choice to deal with inflation for decades, gold is really an asset worth holding. But nowadays, besides gold, we can also think of bitcoin, with the profits that bitcoin generates not only making it easier for us to deal with inflation but can also make us rich even in the inflationary period. I would choose to invest in bitcoin over gold, even though it is not safer than gold.
dont save in fiat money, it only getting worse and worse time by time.
You have to save like for emergency funds. You'll never know if you're gonna need some cash so if you think that saving in fiat is useless, you'll still need to use cash for your stuff.investing is a godd way to avoid inflation, then after get some money you can put it back on investment.
Yes, it's a way to defeat inflation but the choices varies per investor. Not all investments are making money and your choice of investment will be prevail in the nearest future if you chose a good one.But if not, you need to choose another one again that you're more familiar with so that you can that investment as a hedge against inflation. For people to have an idea, don't go far anymore and I am talking about Bitcoin.
If inflation that occurs only momentarily maybe in the way as you say is very good, but if inflation is in the long run then saving in the form of fiat currency will not help you to overcome it, if you want to face emergencies then our expenses are only for useful needs and do not buy something without long-term interests, And the most important thing to overcome inflation is to invest mainly in the crypto world because it will be a very beneficial future asset to deal with inflation.
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?
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?
An interesting attempt, but .. Unfortunately, it will not give an effect, do not be offended.
The problem is that inflation happens for reasons you can't control.
No way. You cannot influence. Well, until you become a super-efficient president / prime minister / finance minister who can build a deficit-free budget for the country.
The problem of inflation lies deeper, and we generate it ourselves
The desire to live better, buy more, have guaranteed social "conveniences", earn money on your business. And the state always plays catch-up - there are more pensioners, less productive population, more expenses for everything, less taxes, and the printing of money that is not provided with real goods and services begins.Yes, and any trading business generates an additional margin - really not secured by anything - the manufacturer sold you, you added to the cost the costs of logistics, storage, rent, salaries to your employees who will RESALE the product. And then they threw another 50% on top to buy a new house next year.
That's all, but in fact there are many more processes that create unsecured money, which is a source of inflation
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?
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?
dont save in fiat money, it only getting worse and worse time by time.
investing is a godd way to avoid inflation, then after get some money you can put it back on investment.
invest in gold. I think gold is the most effective way to deal with inflation. the money that we hold now is certain to experience continuous inflation until an undetermined time. even in their down economy, they will not be strong enough to defend against inflation, but if we are smart, set aside our money to buy gold so that in the future there will be savings when inflation is worse on a global scale than this.
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