Your $ 100 will always cost less and less every day, however there is one caveat, it all depends on which country you decide to spend your $ 100 on.
In some countries, your $ 100 may last a week or even a month. In particular, in those countries where the national currency is secured by the dollar.
Topic: Money value inflation Feeling that money is not worthed?? (Read 352 times)
This is the reason why we need to be wise and invest our money, wherein we can make the value grow as time passes because inflation is getting worse and inevitable. Saving in bank cant help because of the low interest, its like you're letting your money sleep while banks are taking advantage of it t(hough saving is good).
Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
Agree to that, right investment where your money will work for you and it will continue to grow and gives you profits, with this high inflation the growth from your invested money will bring the balance from your everyday needs. If you have the right attitude toward this and you are well prepared to whatever may happened, you will not feel the pressure since you have enough money to funds your needs.Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
indeed we must be able to calculate the risks and rewards of an investment, so it is not only the profit we want. many want to invest in a crypto world where they want money quickly, but the reality is different. on the other hand we must diversify our investment into several fields of investment, so the risk can be divided
Let's assume everyone will be rich next morning and have 10 million in their bank accounts, do you think your ten million will have the same purchasing power as yesterday? Of course not, because by having 10 million in the bank the pizza delivery boy will not move his ass unless you tip him at least 1k$!!
The mindset of an investor is different from ordinary people, investing is the highest level of money management. An investor will think about how money works for investors and make more money. Financially savvy people will invest instead of saving money which is sometimes just to delay the purchase. So a smart investor is hiring money in a safe place.
Indeed, the increase in income also increases the risk of consumptive action. Only a shift occurs, if a lot of rich people are new, it means that upper-middle-class products are experiencing a surge in demand, and many middle-class products will be relatively stable.
Savvy investors can distinguish between assets and liabilities, so when they take consumptive action is to add assets. For example, buying a new car can be used as an asset if it is leased but it will become a liability for daily use only because we spend extra money on maintenance and tax payments.
I feel everyday that my 100$ have less and less puraching power!
And high inflation is to blame here!
And high inflation is to blame here!
You feel it every day? I wonder how is that even possible.
For the last decade, that is 10 years the inflation stands at 19%, which is less than 2% a year, or 0.005% a day!
Do you think that's high inflation? Then what is 20% a year? Or how do we call what's happening in Venezuela?
No matter how much money you got you feel that has no value??
Do you feel same?
Do you feel same?
Not at all, but if you think your $ have no value I have a PO box where you can send all your useless dollars.
Now, the fun part.
Everyone is thinking of ways to make an investment to make more money and thus saving themselves from inflation.
Let's go back to basic economics and think of one thing, what happens when everybody makes more money, thus there are more money in the economy, the money supply is growing, so we have...surprise...inflation!!!!
Let's assume everyone will be rich next morning and have 10 million in their bank accounts, do you think your ten million will have the same purchasing power as yesterday? Of course not, because by having 10 million in the bank the pizza delivery boy will not move his ass unless you tip him at least 1k$!!
This is the reason why we need to be wise and invest our money, wherein we can make the value grow as time passes because inflation is getting worse and inevitable. Saving in bank cant help because of the low interest, its like you're letting your money sleep while banks are taking advantage of it t(hough saving is good).
Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
Agree to that, right investment where your money will work for you and it will continue to grow and gives you profits, with this high inflation the growth from your invested money will bring the balance from your everyday needs. If you have the right attitude toward this and you are well prepared to whatever may happened, you will not feel the pressure since you have enough money to funds your needs. Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
Almost every person feels the same. Inflation can't be defeated. Take it easy.
not really . not all people have the same wealth . some are richer and they do have lots of money to buy things without minding those prices because they can all afford it anyway but for the poorer people we are the ones that are suffering to this issue but i dont think this cant be defeated , but there are practices that we can follow in order to be wise to live even in a right budget . and i dont think that inflation is a premanent thing but there should also be times that it will be lowered
Almost every person feels the same. Inflation can't be defeated. Take it easy.
not really . not all people have the same wealth . some are richer and they do have lots of money to buy things without minding those prices because they can all afford it anyway but for the poorer people we are the ones that are suffering to this issue but i dont think this cant be defeated , but there are practices that we can follow in order to be wise to live even in a right budget . and i dont think that inflation is a premanent thing but there should also be times that it will be lowered
This is the reason why we need to be wise and invest our money, wherein we can make the value grow as time passes because inflation is getting worse and inevitable. Saving in bank cant help because of the low interest, its like you're letting your money sleep while banks are taking advantage of it t(hough saving is good).
Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
Inflation is part of each country's economy and so we need to strive for ourselves and family because we will starve if we do nothing.
I could really feel that.
My mother usually told us this story where rice they are buying was just cents and now it is a lot more. Foods, other things at that time is so cheap that in my job right now, I could be already rich. That is said because of the leaders that are being elected and the one who made all that up is being destroyed by the preceding leaders.
My mother usually told us this story where rice they are buying was just cents and now it is a lot more. Foods, other things at that time is so cheap that in my job right now, I could be already rich. That is said because of the leaders that are being elected and the one who made all that up is being destroyed by the preceding leaders.
I feel everyday that my 100$ have less and less puraching power!
And high inflation is to blame here!
Do you feel the same?
No matter how much money you got you feel that has no value??
Do you feel same?
And high inflation is to blame here!
Do you feel the same?
No matter how much money you got you feel that has no value??
Do you feel same?
Thats the reality and it will get worst in the next few decades, but in order to fight this modern financial challenge we should know how to grow our money by making good investments. Every country in the world owes a ton of debt only passes through generations but if your aware with this somehow you can minimize its effect.
I have heard from others that living their in america or other country nearby it is good but, the cost of life is expensive. Expensive in a case wherein the dollar, a bigger money compared to ours is not for others living in the country. The world is continuously changing and changes are part of life. Inflation is part of our daily living, in that case, you should look far ahead and consider investments to potential platforms and coins in Cryptocurrency especially in Bitcoin because, for me, it could be the money of the future and a good investment as its supply continuously decreases and would be cut off in the near future.
The inflation is happen everyday I think and that is worst. I have the same thing with you even I got thinking a few years before I knew bitcoin/cryptocurrencies I always choose to saving my money into my bank account and I wasn't aware at that time. Now, I'm thinking that in a few years I was made many people got rich because of me especially bank. They use my money for their profit and I got nothing from it.
So, I was decided at 2017 ago to pull my money step by step to store them in cryptocurrencies. And it was better, my decision was good and can make my money grow. I think the concept of money fiat is bad if I compare with bitcoin, because bitcoin never meet any inflation and it was design for deflation to safe our money on it, you may choose bitcoin and I think that is the best way.
So, I was decided at 2017 ago to pull my money step by step to store them in cryptocurrencies. And it was better, my decision was good and can make my money grow. I think the concept of money fiat is bad if I compare with bitcoin, because bitcoin never meet any inflation and it was design for deflation to safe our money on it, you may choose bitcoin and I think that is the best way.
Why do you think many people do not want to put their money into savings account and just collect interest over time? I mean is there any safer investment in the whole world than savings account at your bank? You trust that bank will give you that money and you trust that it will be exactly what you agreed on and still many people try to invest into other stuff, have you wondered why?
Because, more often than not savings account interest is lower than inflation and that means even though your money looks like its increasing but in reality even though the dollar number goes up the purchasing power of that dollar is going down. That is exactly why so many of us came into crypto to find a way to profit more than the inflation.
Because, more often than not savings account interest is lower than inflation and that means even though your money looks like its increasing but in reality even though the dollar number goes up the purchasing power of that dollar is going down. That is exactly why so many of us came into crypto to find a way to profit more than the inflation.
I also feel a decrease in the value of currency because inflation in my country is between 5-6% / year and the value of inflation indicates that the prices of goods are rising so make our money lose the value. We can rise our money value with investment not saving, investment in stock or crypto (but this is very high risk).
In order to save your money from inflation, Bank products are usually used. And despite the fact that the interest in the Bank is paid small, but they are able to cover the level of inflation for the year.
But it will be the best option for us to invest our money in bitcoin. Then we can not only preserve money, but also increase their number.
I feel it, that's why we need to think about how to secure the value of your money and most people think of investing in gold or deposits. I am even surprised about how the value of money in the past compared to the present is even 1000% adrift of inflation.
This picture below is probably the most clear view of a point like this. Monetary devaluation is not accidental, its the set defined target of many central banks. I believe a loss of 2% of value per year is considered to be encouragement never to save money but to spend or possibly invest that money in business growth. It also happens to benefit government debt and fiscal deficits, in effect money has become politicised to favour not the working class but those closest to the source of money production.
Inflation as such is a direct result of fiat money becoming unrelated to even a partial gold standard. Some countries as well as weaken their currency (by printing more of it) in order to boost export and make import more expensive or simply to roll their debt or try to minimize effects of an economic crisis.
But as well we have other reasons for inflation which are indirect - increasing the labour cost, media (like water, electricity), taxes paid by companies or even in case of agricultural products weather. Anyway, the final payer for these is always the end customer.
In the modern world as well the bank savings account interest rate is often below the inflation rate - therefore it can be compared to literally burning money.
This is why there is a growing popularity of looking for more profitable forms of investments, including cryptocurrencies or stocks.
But as well we have other reasons for inflation which are indirect - increasing the labour cost, media (like water, electricity), taxes paid by companies or even in case of agricultural products weather. Anyway, the final payer for these is always the end customer.
In the modern world as well the bank savings account interest rate is often below the inflation rate - therefore it can be compared to literally burning money.
This is why there is a growing popularity of looking for more profitable forms of investments, including cryptocurrencies or stocks.
The devaluing of currency will be done by the countries whose exports are very high when compared to their imports as this makes the cost of goods less for the importing country. There are two types of inflation Price push inflation and demand push inflation. The price push inflation is because of the increase in the cost of the raw materials, wagers, etc the demand push inflation is due to the demand for a particular service or product.
This is not good for normal people as their value of money erodes in time so they need to make an investment in such a way to beat the inflation to protect their value and for growing it
Well, that is something that has been known ever since start of human history, even 3000 years ago when money wasn't a thing and people bartered between their wheat and cows, there was inflation as soon as there was good reaps one season and suddenly one cow worth a lot more wheat compared to previous years.
Simply inflation has been part of human history and will always be until we figure out a system where money no longer is needed. And considering how the earth can provide food and other stuff you may need, money is actually not needed to begin with anyway, maybe not for a tesla but paying for water or wheat or simple food is basically ignoring what earth is giving us for free.
Simply inflation has been part of human history and will always be until we figure out a system where money no longer is needed. And considering how the earth can provide food and other stuff you may need, money is actually not needed to begin with anyway, maybe not for a tesla but paying for water or wheat or simple food is basically ignoring what earth is giving us for free.
Do you feel the same?
No matter how much money you got you feel that has no value??
Really!? I think that was just over reacting. Anyway, it's your own opinion so I respect it. Well, if you can feel the inflation there in US (I presume) then what more here in my small country in the SEA No matter how much money you got you feel that has no value??
. We can also feel it. Imagin this, When I was in highschool a single egg costs P5 (Six Pesos) but right after I finished my college it now costs P8. See? Though the price hike is not that big but it was still a burden because most of my fellow counrrymen here don't improve their means of living — they got the same amount of salary over the costly goods and services 
. I guess the inflation is inevitable. So the best thing we can do I guess is to work harder and be wiser when it comes to money management So the best thing we can do I guess is to work harder and be wiser when it comes to money management
Not for my mindset, if you really want to be rich or a financial free person you should start a business with what's on trend. like what? Crypto of course.
Inflation as such is a direct result of fiat money becoming unrelated to even a partial gold standard. Some countries as well as weaken their currency (by printing more of it) in order to boost export and make import more expensive or simply to roll their debt or try to minimize effects of an economic crisis.
But as well we have other reasons for inflation which are indirect - increasing the labour cost, media (like water, electricity), taxes paid by companies or even in case of agricultural products weather. Anyway, the final payer for these is always the end customer.
In the modern world as well the bank savings account interest rate is often below the inflation rate - therefore it can be compared to literally burning money.
This is why there is a growing popularity of looking for more profitable forms of investments, including cryptocurrencies or stocks.
But as well we have other reasons for inflation which are indirect - increasing the labour cost, media (like water, electricity), taxes paid by companies or even in case of agricultural products weather. Anyway, the final payer for these is always the end customer.
In the modern world as well the bank savings account interest rate is often below the inflation rate - therefore it can be compared to literally burning money.
This is why there is a growing popularity of looking for more profitable forms of investments, including cryptocurrencies or stocks.
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