In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
This is what always insurance company has been discussing and highlight of the saving money effect on their insurance. This could be great actually but knowing savings could still be affected by inflation rate and none of this will has a higher chance in gaining because in insurance they offee great benefits but in claims I do not think they can offer good to it. Besides some insurance company were changing their business name from time to time to scam. Yes, there are many here in our place that are good in inviting.and collecting funds but when it comes to accessing benefits, they aren't that generous like you have to comply a lot of requirements before one can access the benefit. 
Topic: How to save money and beat up inflation rate? Options please! - page 3. (Read 652 times)
In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
Depositing your money in your bank account will also work, but you can not expect a big return in one year or more because it has its calculation about giving the return to its members.
For me, IMO, bank will just help you cope up with those other expenses that isn't necessary.
It will help you to control your money, but I don't see it an effective way for us to beat up inflation because that's less likely to happen. Try to invest in those long-term investments and not only rely on the money that you have, you need to secure your future. Invest in cryptocurrencies and I'm pretty sure that most of us here have knowledge about the benefits of cryptocurrency in to your assets and businesses. Don't always rely on those banks, it can help you, but you need to think of other possibilities for you to save and grow your money.
Well to beat inflation you will have to take some risk and which means you should be ready to invest in some volatile markets and be it stock market, crypto , gambling sites etc are some of the options where you can think and invest accordingly. Also, to stay little secured you can invest in the top crypto like BTC etc for some returns. But risk is definitely involved in all of the options so choose it carefully and invest accordingly.
This is also comes to my mind. I have been eyeing on bitcoin and I will just try to figure and be ready. Probably five years is good enough to see if bitcoin could really go up and beat the inflation rate. However I still like to consider the current value of bitcoin. It is relatively higher and I guess if it could go down to 6k like what usually happen and even lucky if it could go down to 4 k would be much appreciated.Well, whatever it will be hoping for the best of decisions to be made. But, still I am in need of more inputs from guys this is why I unlock this thread.
Terrible advice. Past performance doesn't guarantee future returns. I'm bullish on BTC long term too, but we're essentially betting that other people will adopt it en masse and retain faith in it. That's a really speculative bet, there is no way around it.
There may come a time (decades out from now) when BTC becomes generally viewed as a legitimate inflation hedge. Now is not that time. This is the speculative early adoption era. Very different fundamentals and price dynamics.
Well, putting your money in bitcoin is not really risky at all, but putting all of your money in bitcoin can be a problem.
Terrible advice. Past performance doesn't guarantee future returns. I'm bullish on BTC long term too, but we're essentially betting that other people will adopt it en masse and retain faith in it. That's a really speculative bet, there is no way around it.
There may come a time (decades out from now) when BTC becomes generally viewed as a legitimate inflation hedge. Now is not that time. This is the speculative early adoption era. Very different fundamentals and price dynamics.
Well to beat inflation you will have to take some risk and which means you should be ready to invest in some volatile markets and be it stock market, crypto , gambling sites etc are some of the options where you can think and invest accordingly. Also, to stay little secured you can invest in the top crypto like BTC etc for some returns. But risk is definitely involved in all of the options so choose it carefully and invest accordingly.
To beat inflation, I suggest investing in the real sector because the real sector is the main foundation of the economic system. Investment in the real sector can beat inflation because development and developments in the real sector show real progress and prosperity as well as the balance between money in circulation and the number of goods and services.
Especially in the current pandemic, investment activities must have a humanitarian motive which is to help individuals who do not have the capital but have the skills, abilities, and expertise in doing business. In addition, investing in the real sector can ensure that assets are not stockpiled in the form of savings but are used to turn the wheels of the economy so that wealth can be distributed evenly. Investment in the real sector will also cut a lot of the complicated threads of exploitation of natural and human resources. In short, to cover bank interest costs and pursue targeted profits, investor factory owners will produce greater output, while to produce more output, more raw material resources and more resources are needed with a focus on reducing production costs as low as maybe.
Growth and economic development in the world are very unbalanced where the growth of the non-real sector accelerates far compared to the growth of the real sector, this is due to the rise of cash flows that are traded again triggered by the many businesses of the capital market speculation. This is very fragile because what grows is not goods and services, only money grows. In the end, the rapid investment in the non-real sector will cause many economic problems.
Especially in the current pandemic, investment activities must have a humanitarian motive which is to help individuals who do not have the capital but have the skills, abilities, and expertise in doing business. In addition, investing in the real sector can ensure that assets are not stockpiled in the form of savings but are used to turn the wheels of the economy so that wealth can be distributed evenly. Investment in the real sector will also cut a lot of the complicated threads of exploitation of natural and human resources. In short, to cover bank interest costs and pursue targeted profits, investor factory owners will produce greater output, while to produce more output, more raw material resources and more resources are needed with a focus on reducing production costs as low as maybe.
Growth and economic development in the world are very unbalanced where the growth of the non-real sector accelerates far compared to the growth of the real sector, this is due to the rise of cash flows that are traded again triggered by the many businesses of the capital market speculation. This is very fragile because what grows is not goods and services, only money grows. In the end, the rapid investment in the non-real sector will cause many economic problems.
Invest what you can without affecting your finance for everyday expenses. At the very least, for the next year, make sure that you won't have any kind of problems living your life when you invest. Look for investments that are protected from inflation rates or look for ones that would benefit from the weakening of the U.S. dollar. Bitcoin is a fine investment, that is if your holding in the long term, but this doesn't guarantee that your money would remain the same as it is when you invested it. Bitcoin is a speculative asset and you can see just from how much the price moves in the long term that your money may or may not be the same, whether it be a positive or negative result. If you want a 100% assurance, Bitcoin may not be an option.
I was geared to save as one insurance company came to our workplace and invited us to join with them. The agreement is we have to pay monthly which will then accumulate over a period of time and had a lot benefits for being a part of the insurance company. The monthly payments accumulated will be 10-15 years with more or less 10-20% returns from the accumulated savings being made. However I am still not satisfied because the inflation rate goes to 4-7% annually that might not compensate even 20% increase over optionally 10 or 15 years of returns from the insurance company.
First of all, lets consider what is the definition of Insurance in Investopedia.Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
~
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
Investing in general can make you beat inflation rate.~
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
When I'm investing, I always see the annually interest that I can get aside from crypto which is we know very volatile and stocks because I'm a stock trader and crypto holder. I also invest in some investments that gives fixed interest rate but I'm not into it that much because I know that inflation can eat up the interest.
Bitcoin can make you get away with the inflation rate as long as you can take the volatility of it. If you aren't like the others who are panicking when prices are going down then Bitcoin can help you with that. Money is inflationary and the buying power of cash right now is slowly withering. It is better if we invest it into different investments rather than just holding it but still have some emergency funds too
. Money management. 
This is quite a problem you have here sir, indeed everyone wants the best when it comes to their money or assets. The thing is though is that the answer that would fix this problem of yours perfectly is none-existent. The only thing you can do is take into consideration all of the choices you currently have at your disposal and make the most of all the information that you may gather from people here and on google. And yeah, while I may be really enthusiastic about crypto currencies, I wouldn't recommend it since it really is quite hard to ensure profits and value of your investment. I hope you make the best choice for your money. I'm gon merit this since I also got some good ideas from this post or yours.
Yes, as expected from this forum having brilliant members/users able me to find good ideas. This is why I get the chance to ask here. Anyway investing is not a decision to make right away. One should make an inquiry first and take some consideration as what you have mention above. There is no such thing as perfect investment but there is what we called a good investment. This is why I need to know and gather more info regarding on bitcoin since this would be my preferred way of investing money for now. Besides, it is not a one time investment for it is like saving money little by little in a monthly basis. This is quite a problem you have here sir, indeed everyone wants the best when it comes to their money or assets. The thing is though is that the answer that would fix this problem of yours perfectly is none-existent. The only thing you can do is take into consideration all of the choices you currently have at your disposal and make the most of all the information that you may gather from people here and on google. And yeah, while I may be really enthusiastic about crypto currencies, I wouldn't recommend it since it really is quite hard to ensure profits and value of your investment. I hope you make the best choice for your money. I'm gon merit this since I also got some good ideas from this post or yours.
Yes, as expected from this forum having brilliant members/users able me to find good ideas. This is why I get the chance to ask here. Anyway investing is not a decision to make right away. One should make an inquiry first and take some consideration as what you have mention above. There is no such thing as perfect investment but there is what we called a good investment. This is why I need to know and gather more info regarding on bitcoin since this would be my preferred way of investing money for now. Besides, it is not a one time investment for it is like saving money little by little in a monthly basis. 
This is quite a problem you have here sir, indeed everyone wants the best when it comes to their money or assets. The thing is though is that the answer that would fix this problem of yours perfectly is none-existent. The only thing you can do is take into consideration all of the choices you currently have at your disposal and make the most of all the information that you may gather from people here and on google. And yeah, while I may be really enthusiastic about crypto currencies, I wouldn't recommend it since it really is quite hard to ensure profits and value of your investment. I hope you make the best choice for your money. I'm gon merit this since I also got some good ideas from this post or yours.
but then it would be needing money to acquire it. And if time comes that you will be needing the money then you will have the difficulty in selling the asset without dropping its market price to get an urgent sales.
You should never invest funds you cannot afford to lose, reason why I stated that; investments are not a means of hedging funds as there is a potential risk involved. This way you will not be pressured to sell at a loss (due to a drop in price or urgent need) when liquidating your assets.
As I mentioned earlier, you will need to do your own research and understand the financial market, this would help you decide which asset(s) is most suitable.
I think a well diversified portfolio will beat the inflation rate in the long run.
Even though prices are fairly high at the moment, a good portfolio should include stocks, bonds, commodities and of course crypto currencies.
Bitcoins are probably a very safe bet, its very well known all around the world and has already many investors.
For stocks and commodities I would recommend just some indicies if you don't want to invest a lot of time to do your own research.
For bonds there are special bonds that payout inflation adjusted returns which could be an option.
Even though prices are fairly high at the moment, a good portfolio should include stocks, bonds, commodities and of course crypto currencies.
Bitcoins are probably a very safe bet, its very well known all around the world and has already many investors.
For stocks and commodities I would recommend just some indicies if you don't want to invest a lot of time to do your own research.
For bonds there are special bonds that payout inflation adjusted returns which could be an option.
Well, Bitcoin was designed to beat the inflationary problems. Deflation is part of its feature.
yeah that is the good thing about bitcoin. However the risk is also there as being mention of its volatility make its more potential for losses. If you can rate the risk in investing bitcoin from 1-10 which is 1 is the lowest and 10 is the highest what could be your answer?Putting your money into any investment venture comes with its fair share of risk. The volatility in bitcoin potentially increases this risk. You can explore other less volatile assets like gold.
Only invest what you can afford to lose
Do your own research
Yeah risk is part of investment and properties as what you had mention could be one way of good investment or even gold but then it would be needing money to acquire it. And if time comes that you will be needing the money then you will have the difficulty in selling the asset without dropping its market price to get an urgent sales.Only invest what you can afford to lose
Do your own research
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
Yes. But first its demand needs to mature so volatility will stop. Bitcoin was very deflationary this year. Bitcoin inflation in 2020 is -26%
The main way to save money is to invest in Bitcoin. The basic idea behind investing is to make a regular income over a period of time. Over time your investment grows and so does your money does for example the next five years will not be the same if the investment is made and it can grow further. Thus, investment is extremely important for everyone. But first, you have to save money before investing One way to get closer to your desired goal is to understand the power of compound interest. Compound interest means an interest that is not only calculated in the initial currency but also takes into account the accumulated interest as compared to the previous period. We can save money by investing in both the short term and the long term.
I would like to know from your brilliant ideas to come up in a decision on how to save money and beat the inflation rate. Inflation rate is very common to all or most of the economy every country faces. The capacity of money to buy goes down as inflation rate increases consecutively over a period of time. The most affected in this problem were the poor like me.
I was geared to save as one insurance company came to our workplace and invited us to join with them. The agreement is we have to pay monthly which will then accumulate over a period of time and had a lot benefits for being a part of the insurance company. The monthly payments accumulated will be 10-15 years with more or less 10-20% returns from the accumulated savings being made. However I am still not satisfied because the inflation rate goes to 4-7% annually that might not compensate even 20% increase over optionally 10 or 15 years of returns from the insurance company.
Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
As I imagine, during the old days of bitcoin started @ 1 dollar then now doubles its market price everytime and up to present market price which is relatively high. It shows a higher increase rate of returns from the savings more than the the other ways of saving money as I have mentioned above. Basically if one saves money through bitcoin, then higher chances are that it could beat the inflation rate over a period of time. Besides whenever I will be needing the money with bitcoin I could easily withdraw it anytime as I am the one to manage the bought bitcoin being held. There is no third party and just purely system or platform of bitcoin that will help me to save money and beating up inflation rate at the same time.
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
Technically speaking you are not asking how to save but how to invest to beat the inflation rate, as we know if you just keep your money in a bank account that gives you no interest then over the long run you are losing purchasing power, if you want to avoid this then as you have discovered you have no other option but to invest.I was geared to save as one insurance company came to our workplace and invited us to join with them. The agreement is we have to pay monthly which will then accumulate over a period of time and had a lot benefits for being a part of the insurance company. The monthly payments accumulated will be 10-15 years with more or less 10-20% returns from the accumulated savings being made. However I am still not satisfied because the inflation rate goes to 4-7% annually that might not compensate even 20% increase over optionally 10 or 15 years of returns from the insurance company.
Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
As I imagine, during the old days of bitcoin started @ 1 dollar then now doubles its market price everytime and up to present market price which is relatively high. It shows a higher increase rate of returns from the savings more than the the other ways of saving money as I have mentioned above. Basically if one saves money through bitcoin, then higher chances are that it could beat the inflation rate over a period of time. Besides whenever I will be needing the money with bitcoin I could easily withdraw it anytime as I am the one to manage the bought bitcoin being held. There is no third party and just purely system or platform of bitcoin that will help me to save money and beating up inflation rate at the same time.
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
There are several options for this, one option is to leave a professional do the job for you, there is just one big disadvantage with that, most investments firms cannot beat the market or the rate of inflation and many lose money for their clients, as such your only option is to do it yourself.
Investing in bitcoin is as you may guess one of the first options that comes on this forum, but you cannot do it blindly, there are good moments to do it and there are also bad moments as well, in order to reduce your risk it is imperative that you learn all what you can about how to invest and in your case that you do it for the long term as this improves your chances of seeing profits by just buying and holding your coins.
Regardless of all the possible risks when it comes to investing in something, the worst option is to just keep the money (fiat) in the bank or under the mattress. In either case, inflation will do its thing - and if you're unlucky in life, thieves will look right under your mattress.
Since you are asking this question on the bitcoin forum, it is logical that most of the answers will be to invest in Bitcoin. Although it is a very risky investment, it proved to be extremely profitable (except for a short period in late 2017 and early 2018), but some simply ignored warnings not to enter during such a large pump that had to stop at one point.
If you want to put some of your money at risk (but also a possible big profit), then invest a certain percentage in Bitcoin. If you want relative security choose gold or silver or maybe real estate investing. No one can give you a 100% successful formula, because that would mean they can predict the future - and it all comes down to studying the past and speculating on what might be in the future.
Since you are asking this question on the bitcoin forum, it is logical that most of the answers will be to invest in Bitcoin. Although it is a very risky investment, it proved to be extremely profitable (except for a short period in late 2017 and early 2018), but some simply ignored warnings not to enter during such a large pump that had to stop at one point.
If you want to put some of your money at risk (but also a possible big profit), then invest a certain percentage in Bitcoin. If you want relative security choose gold or silver or maybe real estate investing. No one can give you a 100% successful formula, because that would mean they can predict the future - and it all comes down to studying the past and speculating on what might be in the future.
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