how to overcome inflation for the community - page 5.

Inwestour

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Quote from: AnonBitCoiner on May 28, 2023, 12:51:34 PM

Now a days inflation is so high that a normal man cannot live a life happily so it is important to follow those tips which you have mentioned. I think that a person should overcome the uses of money in those things which is not necessary for living a life.

Inflation cannot be controlled easily but one can overcomes it by applying certain strategies and I think that everyone cannot accept activities to save money because everyone wants a luxury lifestyle. Preparation for all conditions is very necessary so I think that one should be fully prepared for whatever comes in life.

In this case, it turns out that inflation will reduce your level of comfort, or habitual life, since you will have to save more and give up the usual things that have pleased you. In the end, I believe that this will lead to nothing because you will save more, but inflation will also affect these funds not very positively.

That’s for sure, you can’t prepare for everything, but if you have a plan for which you are moving, then your chances of success will increase well. And saving money is worth it without prejudice to you, only while maintaining the usual standard of living, otherwise you will get tired of such savings very quickly.

Rigon

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Quote from: Tallupooh on January 21, 2023, 02:19:24 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 the rules/guides you have given to deal with inflation are very useful but what I find most useful is to use domestic products and start investing and saving. If we use domestic products we will be able to overcome inflation to a large extent. Because in this case the money of our country will remain in the country. More than that, what would be effective to deal with inflation would be to speed up the agricultural sector. If we all focus on agriculture and do not favor the agriculture sector, we can overcome inflation to a large extent. Because the most important thing is to bring the arable land under cultivation and manage the people properly in the agricultural work. If people can cultivate agricultural land and produce crops then we can definitely sell them abroad and earn foreign exchange and we can definitely fight inflation a lot.

G_Besar

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Quote from: Raceonsucced on May 28, 2023, 07:46:48 PM

I think looking for additional income and investing is more effective than saving. because inflation is where we have to need a lot of money, so it's rather useless to save in the present. prices of goods are increasing. so looking for extra income is the best.

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.

Quote from: Semar Mesem on May 28, 2023, 07:54:51 PM

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

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.

fuguebtc

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Quote from: Semar Mesem on May 28, 2023, 07:54:51 PM

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

Inflation is a part of the world economy, it never goes away completely, it has a cycle that comes and goes at some point. But in the long run, each time inflation comes back will be more and more scary, so we need to prepare for the future, for the coming inflation. Do not rush to rejoice if inflation is pushed back in the near future, but focus on increasing assets during the period of economic development to prepare for future inflation.

Mauser

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Quote from: Tallupooh on January 21, 2023, 02:19:24 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?

These are all personal things that can help individuals to be better prepared during high inflation times. The problem is that all of them don't really help to bring down inflation on a country wide level. First of all saving money is good, but your interest rate will likely be lower than the inflation rate, so you are losing value every month. Same goes for investing money, our profit should at least offset inflation, otherwise it's not worth the risk. On a country wide level it would be the best if consumers start working together and punish the companies that raise price too high. It's in the hand of the consumers to pay the prices or not. Why don't we publicly label products that increase their price by 50% in 6 months? If we all would stop but their product they would be forced to lower the price again. Inflation is a spiral that goes across every industry and gives a good argument to increase prices even if production didn't change much. It's up to us consumers to change our purchase habits and find alternatives.

Theones

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Quote from: Semar Mesem on May 28, 2023, 07:54:51 PM

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

that is correct - inflation is not going to end we must learn to live with it. The best apporach in life is to save as much as you can in our community we think serving food to other brings good luck and prosperity to you

Semar Mesem

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Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

Raceonsucced

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I think looking for additional income and investing is more effective than saving. because inflation is where we have to need a lot of money, so it's rather useless to save in the present. prices of goods are increasing. so looking for extra income is the best.

AnonBitCoiner

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Now a days inflation is so high that a normal man cannot live a life happily so it is important to follow those tips which you have mentioned. I think that a person should overcome the uses of money in those things which is not necessary for living a life.

Inflation cannot be controlled easily but one can overcomes it by applying certain strategies and I think that everyone cannot accept activities to save money because everyone wants a luxury lifestyle. Preparation for all conditions is very necessary so I think that one should be fully prepared for whatever comes in life.

irsykes

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Quote from: vanesha on May 12, 2023, 10:10:02 AM

I think it makes the most sense to invest in a sustainable yielding asset like property, land etc or better yet to invest directly in gold. I guess that's more promising than anything. and it seems that there is no way to deal with inflation. there is only to avoid it by shifting assets to things that are not subject to inflation.

more precisely, it leads to investment in buying land, the risk is very small, in my opinion. Since childhood, I have been taught by my parents to buy land when I am an adult, or the best investment, such as land or one that does not result in wasting money on the item. Buying land is never a loss, which I have done until now, even though the amount of land I got from my hard work was not large. just imagine the land could save from inflation from producing plantation agriculture

nesty

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Inflation is one of the problem affecting the communities in different countries. I think one of the strategy we need to do is that the community should increase the productivity and efficiency which can help reduce costs of goods and increase the supply of goods and services. Implementation of monetary policies that can regulate the money supply and can control inflation. Encouraging businesses to keep prices low and improve efficiency can help reduce inflation. If the government and community will help each other to reduce the cost and increase the supply of goods we can reduce the inflation.

smile1218

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Inflation be a major challenge for communities, but there are several strategies that can be employed to help overcome it. One approach is to encourage saving, which can help reduce the amount of money in circulation and thereby ease inflationary pressures. Another strategy is to promote investment in productive assets, such as businesses or infrastructure, which can help to stimulate economic growth and create new jobs. Governments can implement policies such as price controls or subsidies to help keep inflation in check, although these measures must be carefully balanced to avoid unintended consequences. Finally education and awareness campaigns can help to raise public understanding of inflation and its causes, which can in turn lead to more informed decision making and better economic outcomes for the community.

BVeyron

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Quote from: Tallupooh on January 21, 2023, 02:19:24 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 think that there is a high risk of the worlds main fiats. As for crypto, I suppose they have a little chance to save the money in case of inflation. Actually it is one of the most interesting riddles in crypto world: the possibility of BTC and other cryptoprojects to remain valuable during inflation.

gaston castano

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Quote from: blockman on January 22, 2023, 06:52:14 PM

Quote from: Tallupooh on January 21, 2023, 02:19:24 AM

4. Consumption of domestic products

This is good for those countries that produce their own goods. But for those countries that are reliant on imported products then this isn't applicable to them.
There are countries like Iceland where the cost of living is high and then the inflation is also to be dealt with and people there have to bear with it because their country relies on the shipment of goods and products. That is why countries that are mass producing their own consumptions are just lowkey and doing pretty good.

In the case of Iceland, while the country does rely on imports for many products, it also has a strong fishing industry and a growing tourism sector. Additionally, Iceland has been making efforts to develop its geothermal and hydropower resources, which can provide a domestic source of energy and reduce dependence on imported fossil fuels.

vanesha

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I think it makes the most sense to invest in a sustainable yielding asset like property, land etc or better yet to invest directly in gold. I guess that's more promising than anything. and it seems that there is no way to deal with inflation. there is only to avoid it by shifting assets to things that are not subject to inflation.

Semar Mesem

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Inflation is a thing that involves many things, when inflation occurs it usually starts with an increase in food ingredients followed by other supporting factors, production costs that continue to increase create a domino effect so that inflation cannot be avoided, to overcome inflation the easiest thing we can do is continue to increase source of income.

Supreemo

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honestly speaking, inflation cannot be solve unless everyone cooperates and do their thing to help the economy along with the full support of the government since change cannot be implemented or done by a single person. what you have listed OP aren't a single bit helpful in terms of inflation since even saving can cause more inflation if it's not done properly. the after effects of pandemic which we are experiencing right now is also the reason for inflation, not until all of this became stabilized before we can start to worry about inflation.

justdimin

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Quote from: Tallupooh on January 21, 2023, 02:19:24 AM

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?

Individually it would be difficult, you need to do it as a community. For example fed increasing the rates made the inflation slow down as we can see, however that also causes recession which means people would not be able to earn enough money.

What this achieved is stopping prices to go high, but also caused income to lower at the same time so it is not doing great. What's next? You need to decrease the rates again to make sure people invest, so that others could earn and that could end up with a lot of money going into the market and then inflation would happen again. So what can you do? Subsidies, which means tax cuts to stuff like factories and farms, the production. Not to marketing people, not to wall street people, not to accountants, people who produce something tangible.

Sterbens

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Quote from: Cling18 on May 10, 2023, 12:52:13 PM

These days, we have to deal with the unmanageable situation of inflation. To be honest, nobody is exempt from it; it affects everyone from every area of the economy. Since we still don't know what can happen in the future, we need to be disciplined and constantly concentrate on our preparedness to tackle the situation. Saving, in my opinion, would be the most powerful tool we could have to combat this issue. In order to be financially independent in the future, we must restrain our wants to spend money on things we don't need and instead concentrate on investing and saving where we can generate profits.

The government's budgeted deficit made the amount of currency in circulation uncontrollable. The decline in the value of money causes people's purchasing power to decrease. Yes, I agree with you, it would be better for us to start changing our lifestyle, not buying unnecessary things to save money, preparing emergency funds such as saving, looking for additional income and investing some of our money from now on. At least with this we already have preparations if inflation does occur in the future.

Cling18

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Quote from: GigaBit on May 10, 2023, 12:42:46 PM

Quote from: Tallupooh on January 21, 2023, 02:19:24 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?

When inflation occurs, almost every economic sector suffers a major disaster. At that time, how to reduce the cost of money becomes the main issue. You have made several important points out of which I think point no.5 is very effective. If we don't invest, we can never protect ourselves from inflation. Because if we save in the bank that too will not be effective due to inflation. It is not also possible to get anything good by keeping holding fiat money. But if we can invest then with inflation our return on investment will be increased. So there is no alternative for good investments to survive from the inflation.

These days, we have to deal with the unmanageable situation of inflation. To be honest, nobody is exempt from it; it affects everyone from every area of the economy. Since we still don't know what can happen in the future, we need to be disciplined and constantly concentrate on our preparedness to tackle the situation. Saving, in my opinion, would be the most powerful tool we could have to combat this issue. In order to be financially independent in the future, we must restrain our wants to spend money on things we don't need and instead concentrate on investing and saving where we can generate profits.

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