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Topic: Surviving in this economy needs a new minds set - page 8. (Read 2332 times)

full member
Activity: 241
Merit: 100
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
It's enough to get a job anymore, it's not the 60s where your minimum wage can pay for a house and sustain a family of three, you need to find more ways to make money because the price of stuff that you need is ever increasing due to inflation. Sure, a new mindset would help you get to surviving but it's surviving and not living, people should be allowed to live not survive, that's the worst thing when you're working and all you do is survive, it's depressing that you can't even afford the things that you want because the bills needs to get paid and you need to prioritize the basic necessities more than anything else.
The many needs that we need of course require us to look for additional income so that we can meet the needs that we need because with just one source of income it will be very difficult to meet the needs that we need and I agree with what you say we must be able to have a mindset new to be able to survive for now because for now if we don't have a new mindset of course we won't be able to meet the needs we need.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
Of course, you have to get a real and stable job first prior to investment. Bitcoin or altcoin thing will only serve as a side hustle that will gain additional profits from your major source of income. Otherwise, you will face financial struggles if you rely solely on bitcoin in making ends meet, most particularly in times where bitcoin price is at its bearish.

As much as possible, learn to grow your knowledge and skills so you will also be highly capable of adapting new side jobs so that it will be easier for you to generate multi profits from your multiple sources of income.
Investing can become the main gig of a person, but it is often underestimated the amount of money that is needed to pull this off, since many people dream to do this but they plan on obtaining 100% or more on profits each year, and this is not possible.

So before a person can even try to achieve this, they need work hard at their jobs and save as much money as they can, a difficult thing without a doubt, as the inflation we suffered during the pandemic and the stagnant salaries have decreased significantly our ability to save.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
Of course, you have to get a real and stable job first prior to investment. Bitcoin or altcoin thing will only serve as a side hustle that will gain additional profits from your major source of income. Otherwise, you will face financial struggles if you rely solely on bitcoin in making ends meet, most particularly in times where bitcoin price is at its bearish.

As much as possible, learn to grow your knowledge and skills so you will also be highly capable of adapting new side jobs so that it will be easier for you to generate multi profits from your multiple sources of income.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
It's enough to get a job anymore, it's not the 60s where your minimum wage can pay for a house and sustain a family of three, you need to find more ways to make money because the price of stuff that you need is ever increasing due to inflation. Sure, a new mindset would help you get to surviving but it's surviving and not living, people should be allowed to live not survive, that's the worst thing when you're working and all you do is survive, it's depressing that you can't even afford the things that you want because the bills needs to get paid and you need to prioritize the basic necessities more than anything else.

In the 60s, I’m sure you can’t make as money as you can make today. What i am trying to say is that this isn’t the 60s and things didn’t change in bad ways but in good ways. If you want to make more money, do something that pays more money. There are people who are earning money that will feed an entire generation of an average person. So when I talk about job, it doesn’t have to be something little, it could be something serious that can bring you good money.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
Yes i agree on that the financial problem to ordinary people is getting more worst than before except to those who are already rich or financially stable, high inflation,war, corruption, etc.,is the main reason,so people needs a new mindset and new strategy's to get over with this problem and crypto is good for a new start, we cannot lean or put a whole trust to government because we all know the corrupt politics is always there and only few of them are doing good to address the needs of thier people,so i also suggest to invest in crypto for the future.

The main reason is that salaries are very less and things are getting expensive therefore one cannot fulfil their needs due to the limited amount of money. In my opinion everyone was facing difficulties in the past but now nobody can spend their life with just a single salary so they are working online to earn money which can give them an extra amount for living a satisfied life.

The government cannot keep a check on our financial system therefore we have to find different ways for ourselves and there are no limitations on online jobs so we can easily find some of them. If we are doing just a single job then neither will we sustain our facilities nor will we be able to save money.
full member
Activity: 149
Merit: 165
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"when money is not scarce, everything else is" . It is truly a pity that this system is obliging  us to find ways not to lose money over time like an ice cube melting in our hands  Huh

Hopefully, Bitcoin may be a lifeboat, we will see...
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
Somehow it's like the adoption of crypto already since more people prefer to have crypto despite some of them investing in memecoins. I'm sure those who invest in memecoins know also BTC, they are however persuaded to memecoins.

Banks are filling these days, I think they should get their money out also in banks before they will decide to give them some stocks/shares in exchange of their cash, this is happening already.

The use of crypto is increasing day by day and those who are investing In Bitcoin will take benefit if you keep longer but in case of meme coins their profit will be in doubt so either they will get a huge return or will lose all money as well as their trust in meme coins.
 
People more frequently choose altcoins instead of Bitcoin as they give more importance to quick earning in contrast with secure and safe investment like Bitcoin. If someone is afraid of Bitcoin and altcoins investment then banks and other opportunities are also here which can help you to take your profit.
sr. member
Activity: 1484
Merit: 323
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
It's enough to get a job anymore, it's not the 60s where your minimum wage can pay for a house and sustain a family of three, you need to find more ways to make money because the price of stuff that you need is ever increasing due to inflation. Sure, a new mindset would help you get to surviving but it's surviving and not living, people should be allowed to live not survive, that's the worst thing when you're working and all you do is survive, it's depressing that you can't even afford the things that you want because the bills needs to get paid and you need to prioritize the basic necessities more than anything else.
MiF
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Yes i agree on that the financial problem to ordinary people is getting more worst than before except to those who are already rich or financially stable, high inflation,war, corruption, etc.,is the main reason,so people needs a new mindset and new strategy's to get over with this problem and crypto is good for a new start, we cannot lean or put a whole trust to government because we all know the corrupt politics is always there and only few of them are doing good to address the needs of thier people,so i also suggest to invest in crypto for the future.
STT
legendary
Activity: 4102
Merit: 1454
Investing capital requires that ability to save, for the world population they have their time and effort to invest mostly.

I like the graph showing a drop in 37% to 9% for living on 2 dollars but it should also be set alongside the graph for how much that 2 dollars is worth.  We more then halved the worth from 1990 to 2019, I'd estimate its roughly one third the worth now for the same nominal value.

So for comparisons sake they should be comparing maybe 6 dollars now to 2 dollars from 1990 but the losses to inflation will vary around the world, currencies and costs will vary alot; arguably people have benefits from technology now which helps to mitigate some of the lost value in their income.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
Getting a job is a better idea. Investing in Bitcoin, Altcoins, etc isn’t bad but maybe you need to look for a job that can provide enough money to take care of yourself and needs. You can find a way to even save some money and look forward to having your own personal business. That’s the best “new mindset” you can have.
legendary
Activity: 2478
Merit: 4341
eXch.cx - Automatic crypto Swap Exchange.
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all

Saving isn't what we should be thinking about in this days of inflation but what we need is investing into different assets through diversification. I'm not talking about investing into different cryptocurrency as this are still assets that are correlated and have a similar price movement because when Bitcoin increase altcoins follows and vice versa. Diversification is what is needed with this current economy and when you diversify you have a better chance of not being worried about your finances because at most times you'll be making profits while others are losing money due to inflation.

Investing in Bitcoin should be among the top choices became this is the fastest growing industry and have a high possibility of making you better gains on your investments. Saving wouldn't makes you money especially when you aren't saving to be used for an investment in the future but only saving to spend later on liabilities. Saving in this economy is a suicide mission, there are no more stories of savers becoming wealthy because inflation will not allow that to be possible but investors are always those that benefits more when they get their profits.
member
Activity: 994
Merit: 46
snip
Government has one advantage that none of us have, they can find money when they need to and they do not need to worry about anything else. You can't print more money if you end up in debt, you can't tax others more and get their money if you need money, you just need to realize that we are talking about a situation that won't be all that simple, and in the end you are going to make some mistake if you are not careful. That is exactly what this means, you should be able to actually consider how you could make some money from this situation.

I personally believe that the best way to go with this would be just realizing that you are not going to make that much profit if you just keep thinking like a government because they have more ways than us.
that's right, we just look at those who work in government, they don't seem to have any worries at all, when they need money they can make it through regulations and then enjoy it with taxes, while we can't imitate them, we have to work day and night and even have to pay taxes to the government, in order to survive in the next few years, what we need to do is think outside the box, we have to invest in good assets that are even immune to inflation such as bitcoin.
I have feeling you are misunderstanding @justdimin he or she is not talking about peoples or government officials here we have talked about government which can print money for necessity, and they are having no worries or problem about this all with printing money and setting things are pretty regular for the governments with inflation or rise in prices are having trouble for the common peoples which are suffering with this all and having problems into their lives which are going down badly in last few years.
For me best investment is bitcoin if we want to survive in future otherwise things can go worst for us with this has never been easy to survive as we are having life in last few years specially few countries are suffering badly and life is going worst for the peoples those are having no extra source of income.
full member
Activity: 1148
Merit: 151
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snip
Government has one advantage that none of us have, they can find money when they need to and they do not need to worry about anything else. You can't print more money if you end up in debt, you can't tax others more and get their money if you need money, you just need to realize that we are talking about a situation that won't be all that simple, and in the end you are going to make some mistake if you are not careful. That is exactly what this means, you should be able to actually consider how you could make some money from this situation.

I personally believe that the best way to go with this would be just realizing that you are not going to make that much profit if you just keep thinking like a government because they have more ways than us.
that's right, we just look at those who work in government, they don't seem to have any worries at all, when they need money they can make it through regulations and then enjoy it with taxes, while we can't imitate them, we have to work day and night and even have to pay taxes to the government, in order to survive in the next few years, what we need to do is think outside the box, we have to invest in good assets that are even immune to inflation such as bitcoin.
hero member
Activity: 2828
Merit: 611
Since inflation is one of the biggest problems we here, Which majorly causes the price Increase we experience, There are are couple of actions to take in order to escape this, Because the moment things start to change, precisely change with the economic situation, we need to reset our minds and think of better a way of navigating this economic hard situation of out time ,and good enough we are opportuned to have Bitcoin as an investment opportunity of our life time, which we can leverage from and hedge against inflation, furthermore, we should also have other streams of income if we want to escape this ravaging economic situation on the ground.
At this point of time one needs to stay positive because with the wrong mindset it is impossible fight against inflation.  Having the mindset on how money can be generated is just a way that inflation can be combat.  When their is inflation their is nothing you can do but when thier is multiple stream of income I don't think it will be a problem and this is how your finances can have good value over inflation . In inflation one should also think of a good store of value like bitcoin to invest to keep money relevant, because when their is no good store of value it can drain financially.
Nothing will still happen to us if we will only stay positive and sit or lay done in one corner but we must also have an action. Knowing the other mindset you said is, I think not enough. Working on a regular job can generate us money but this alone can't still combat inflation effectively. Saving money doesn't generate us an income but we think it still grows our money. We don't only realize that it will get affected by the inflation. the last thing that you said or investing, is the ones that is more proven to combat it. BTC is indeed a good asset to pick up because it is more decentralized and has a lesser supply than the traditional assets out there like gold.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Consciously, we are always required by circumstances to continue learning so that we can adapt to various kinds of changes, especially in responding to changes in the country economy, which can potentially affect our personal income. In reality, there will always be challenges, and whether we want to or not, we have to face them wisely and intelligently, in this case inflation is in the first place as our common enemy. Once again, whether we like it or not, we have to try to learn to find additional income, to cover our needs, so that our standard of living does not fall due to the impact of inflation.

Apart from that, at the same time we must also be able to look for alternative investments, which can give us profits greater than the inflation rate itself. In this case, investing in Bitcoin or other coins is considered a good solution, of course everyone has their own perspective in seeing an opportunity. That's just to survive in an unstable economy, not to mention if we have the ambition to reach the point of financial freedom, I think we must always learn from time to time so as not to be defeated by circumstances.

Somehow it's like the adoption of crypto already since more people prefer to have crypto despite some of them investing in memecoins. I'm sure those who invest in memecoins know also BTC, they are however persuaded to memecoins.

Banks are filling these days, I think they should get their money out also in banks before they will decide to give them some stocks/shares in exchange of their cash, this is happening already.
hero member
Activity: 1512
Merit: 874
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Consciously, we are always required by circumstances to continue learning so that we can adapt to various kinds of changes, especially in responding to changes in the country economy, which can potentially affect our personal income. In reality, there will always be challenges, and whether we want to or not, we have to face them wisely and intelligently, in this case inflation is in the first place as our common enemy. Once again, whether we like it or not, we have to try to learn to find additional income, to cover our needs, so that our standard of living does not fall due to the impact of inflation.

Apart from that, at the same time we must also be able to look for alternative investments, which can give us profits greater than the inflation rate itself. In this case, investing in Bitcoin or other coins is considered a good solution, of course everyone has their own perspective in seeing an opportunity. That's just to survive in an unstable economy, not to mention if we have the ambition to reach the point of financial freedom, I think we must always learn from time to time so as not to be defeated by circumstances.
sr. member
Activity: 1204
Merit: 486
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Responding to this economic situation, we are required to be more creative in creating additional income. It doesn't always depend on what is the main source of income, that's why there are many people out there who look for extra after work, sacrificing rest time to get the guarantee that if layoffs occur at the office, they still have something to fight for. Don't always just invest in Bitcoin and crypto because this mindset applies to all levels of society who see every day how current income does not meet basic needs. Prices continue to be eroded by inflation, demand for goods is also complicated because suppliers usually prefer to store them in warehouses to wait for price spikes. We as consumers clearly cannot be separated from our needs. You may see the positive side of investing in Bitcoin and crypto, but the fact is that they all come with their own risks. Nobody gets rich in a hurry. No matter what type of investment or business, when facing a bearish market, you must always have a strong mentality and cold funds to survive.
hero member
Activity: 1750
Merit: 567
Leading Crypto Sports Betting & Casino Platform
Of course, it is very difficult to survive in turbulent economic conditions, especially for some people who work as laborers. If they don't have work in a day, of course they won't be able to earn income to meet their needs and this of course makes them must be able to save money when earning income from their work, looking for several sources of income is not easy if we do not have skills that we can do so that it gives us additional income, so it is important for us to be able to have a skill that can give us additional income so that we can face difficult economic situation.

It is not surprising that many families have debt because it may be difficult to earn income while their daily needs must always be met, so they are forced to borrow money to continue their lives. Even those who already work as laborers sometimes still experience deficiencies in meeting their daily needs. in my environment there are many people who work in factories as employees, in fact I think they are permanent employees of the factory, because many of them have just started work but they have the courage to take a new motorbike by paying for it in installments, that's what makes me think they live just to go to the factory, even holidays are difficult if it's not just Sundays.

I agree with what you say, earning an income is not an easy matter, even though some people are able to generate an income, it doesn't mean they don't have problems, but there are problems such as paying off debts or other things. The advice you say is good for having extra income, but not everyone can do it.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Almost every year the community becomes victims of the government's sweet promises which always say it wants to improve the welfare of the community with an ever-increasing annual budget allocation. But what happened after that, the community's economy was still squeezed, the inflation rate was getting worse, the unemployment rate was increasing which led to increasing poverty. Stop placing your hopes on the government, start implementing your own plans with a positive mindset to create your own financial resources.

There are many ways you can overcome this problem, as long as you have confidence in your own abilities, you can stand independently without expecting help from the government. Start creating your own job by utilizing the skills you have mastered, no matter how small the business you start, you are the boss. If you understand crypto, it is very easy for you to develop funds from business profits. Investing in Bitcoin can help overcome your financial problems when the country's economic conditions are not conducive.

That is the sad truth, that if the program of the government of each country is sloppy, the number one thing that will really be affected is the people who are actually under them.

So the only good thing for citizens to do is to be strategic in life, so the rest is what kind of sideline income they are doing so that they can survive their families.. as long as you are capable for sure you will survive at any circumstances.
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