Topic: Surviving in this economy needs a new minds set - page 8. (Read 1968 times)

In as much as this is based on economic matters, I have this feeling you may be in the wrong board. But anyways, you're right on the fact that situations ( take note that it isn't as severe globally) are getting way worse day after day. And one really has to think outside the box in order to survive. No one cares about you, especially not the government, but yourself alone cares about. So, do what's best for you and redeem yourself from whatever bad economy your country is facing.

Remember bad economy is where great minds are discovered. Something that amazes me about an inflated country is that it may be difficult to gather capital for business, but do you know that once you're able to produce a valuable product/ service and market it, you'll gain in an inflated economy more than a good one? Inflation is bad for the middle-class and lower-class people, not for the upper class and businessmen. So, put in the work, and prayers and do what you ought to do now.

We need to realize that governments are just people, and that greed, jealousy, and selfishness all exist in each of us, those instincts are an indispensable part of being human. So don't be surprised that when they become rich or powerful, their nature will change. We can criticize them, curse them but I believe that if you or I become president or government, we will also become greedy and selfish like them. There is no guarantee that we would be different from them if we sat in their position.

So let's stop believing in what they promise us and instead find ways to save ourselves with our own abilities. Don't criticize or curse because no one cares about what we say. I tend to spend time finding solutions rather than spending time bad-mouthing the government, because they will never listen or even care what we say about them.

Surviving in the current volatile economic environment has become a challenging issue for the lower and middle classes. In such a situation to keep pace with the current economy, it has become very important for us to engage ourselves in extra work or some business. Moreover, living with this rising market value is full of misery because our work does not increase in value with this increased market value. So we have to accept or set up our mind that we have to increase our efforts to keep up with the current lifestyle.

Talking about diversification, growth, all that good stuff... it's fantastic. Too often it ends up as just a whole lot of noise, though. We love a good motivational quote, but real change? That takes sweat. New Year's resolutions about hitting the gym happen, but how many stick around for February? Your plan's good, the fundamentals are there. Trying new things is cool, but don't half-ass it. Commit, make those neurons fire. Surround yourself with winners? But remember, it ain't about who they are, it's about who you become. Their spark's gotta ignite your own fire, not just keep you warm for a minute

Digital skills, crypto; This isn't just about knowing the lingo; you have tounderstanding the game, the whole new land we're living in. Adapt or get steamrolled, that's the harsh reality. Don't go swallowing every shiny trend that comes along. Be informed, be critical, trust your instincts. See, that's the real transformation right there. How about that for a wake-up call?

Curse him, the government have a concept is actually good, it's just that the implementation lacks supervision. For example, in public infrastructure buildings to be built, all requirements and technicalities have been prepared very well by planners and at the time of physical implementation there are reduced by partners so as to reduce the specifications of the building itself so that its economic life is reduced. If asked, there is a classic reason they answer.

Finally what. A few years later, the budget was disbursed again to carry out renovations again, even though if the money was used for community economic empowerment, I think it would be very useful, especially before the community had done it sustainably, for example. It is common in society, breeders for daily consumption or farmers who grow young plants.

I agree, that's why some of us has lost their trust in any government candidates because they are no different from those who were elected in the past, they are all good and hardworking in the beginning but when they get to the middle, they do stupid things and steal the people's money. How will our economy develop if the country itself is drowning in debt caused by the former presidents of the country, who will suffer? of course the people who are at the bottom, it will take decades before the country becomes debt free so change is impossible, the last time i heard that word, nothing happened, promises were not fulfilled.

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.

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 true. That is why we always talk about diversification in his forum.  Life is beyond promising yourself what you can not do, or expecting something in return When you don't work towards it. after the end of the year people pray for blessing to come ahead of the next year and yet the upper year nothing seems to happen. Have you asked them how many of them are working unto perfection? People have dreams but yet they can work towards discovering themselves. The quest is how do you know your gift and how to utilise your skill. rather than praying all day without showing it in a proof of work.

How to rebuild yourself and start making money with a new mindset.
1. Try new things. If what you have been doing for so long is no longer productive, try and adventure into other business, because sometimes it is not just all about being consistent, you may be consistent in a wrong direction or working hard in a wrong direction and expect good result to occur which might never happen.

2. Work on yourself. For you to be successful or achieve better things in life, you must stay away from many things that will not add value to your life. For you to succeed you must associate yourself to successful business people ask them questions on how they became successful you may learn alot. Always Talk positive thing and get use to positivity than taking bunch of nonsense with people who are not ready to grow.

3. Work beyond your limitations. Most people are staggering with the little knowledge they have, without knowing they can do better than what they are doing. Human being is like a computer system which has a ram and a Rom that can be installed with many software and does multi tasking work at thesame time. but if not installed many software it would be limited to do minimal work with less software installed on it. So in conclusion we as human needs to install more wisdom as an application in our life to do more better than being stock with what we are used to.

4. try to focus more on digital system. By learning a digital skill, and invest in digital currency like Bitcoin. Why you need to learn digital skill is that with time physical hand made skill will be outdated and more online jobs will take over and if you are not technological equipped  you may E trapped by your knowledge which may be outdated. Though digital skill I mean is to only bound to bitcoin but other aspect of skill like affiliate marketing, free lancing, content creation both YouTube and others. And cryptocurrency is one of them which is the blockchain technology (bitcoin)

Financial stability has been bad lately, everyone at the lower to middle levels feels it. There is a lot of expenditure without being accompanied by the same ideal income, this is clearly due to the bad impact of inflation. The rise in prices of goods became uncontrollable and the government had to come to its rescue, but they started increasing the tax percentage.

Everyone is required to pay higher taxes than previously planned for 2025 in my country. Previously, Value Added Tax (VAT) was only around 11%, but the new plan is to increase it to 12% next year. Of course this is not a final decision and there is internal pressure to re-evaluate the decision, that is the hope. In fact, the government does not seem to care too much about the misery of its people who feel oppressed by inflation, at the same time they do not increase the minimum wage in line with rising inflation. Ultimately, the way out to gain good financial strength is to build your own business and invest. It is a good option to get out of increasingly worse financial problems.

You should be thinking up multiple ways but its true that on the current thing that you've been dealing and if you do saw that you are really that somehow been able to survive then you would really be surely be sticking into that but thinking up with other ways on which it would really be that something that make things even more better. This is why it would really be that best that you should really know on how to handle up yourself specially that economic situatios becomes even more worst as the years passing by on which it would really be just that normal that you should really be thinking on other ways so that those problems
wont really be able to catch you up and wont really be able to make yourself that struggling on such condition. So it would really be just that depending on you on how you would really be
handling it out and as long you could be able to bare up with the risks then it should really be just that fine.

It's no news to anyone that the previous situation of the country is very different from the current situation so adopting a new mindset is one way to cope.
This doesn't necessarily mean that you should completely throw away the previous mindset of how you do things but don't depend solely on them.
One major mindset we need to adopt is a change in our orientation and view about a lot of things. Another thing to keep in mind is that literally everything around us can be reused but in a different way. For example, you can use containers that are no longer in use as a nursery to plant vegetables like  tomatoes, pepper and the likes.
Always remember to use what you have to get what you want that is one way to adapt.

We need to change the old ways of how we do things, of truly we want to experience something new, there are so many things that needs to be put in place for us to be able to adapt to some desired changes, this will have to start from the mentality we have towards doing something, we need a reorientation to help rebrand our mindsets, we also have to take responsibilities as challenge, if we want to have transformation.

How does bitcoin come into this and how is it going to improve the economic situation of your country. So many of you do not really understand what bitcoin is, it is not a panacea to the world's problems; it is just a decentralized currency that hasn't even been massively adopted around the world.

If you want a better economic situation for yourself, then your nation should elect good/competent leaders. Take your time to also better your own chances of success by learning new skills, taking up extra jobs and learning how to earn money from different sources.

Investment is not something that needs to be forced, meaning that someone can invest at any time in assets that have the potential to grow in value in the long term when they have the budget. Inflation causes financial instability, so of course this affects a person's interest in investing. If they have more than one source of income, then they can still invest as much as they can afford. However, someone who only has enough money to meet their living needs then they only need to invest when they have more money.

Bitcoin is simply a good choice as a long-term investment asset, but not everyone needs to choose bitcoin as long as they cannot afford the risk. Bitcoin is not for everyone, but it is only for those who can bear the risks of volatility and other things.

Inflation continues to go crazy, even in my country our local fiat continues to experience a decrease in the value of basic necessities, while salaries never increase, this is why now we have to live as economically as possible and also have as many sources of income as possible.

Bitcoin is an asset that has been proven to be immune to inflation, this is proven by the Covid 19 pandemic that occurred several years ago, I am sure there are many people who are currently trying hard to get out of poverty, but they have not yet found a way to achieve that, while most poor people are still pessimistic about Bitcoin.

You seems to be making a wrong generalization and I have to point out some of those. Making budget is what every government do all over the world and some country actually implement their budget for the benefit of their citizens while some countries fail to do same probably due to corruption. So, the effect of these two scenarios will not be the same and should be the reason for the mass migration of people to countries that are able to overcome the forces of wickedness and wanton corruption, to put their country and her citizens above their personal ambitions.

Cryptocurrency is surely a way out of hardship but it requires money to be able to invest in cryptocurrency. In addition, to make optimal benefit of cryptocurrency requires that it would have been built over the years and not just something to invest in today and expect the profits few days. There are other short term measures that can be employed to survive while building a cryptocurrency portfolio for the future.

We need to be more practical, unlike the usual thing we do. As inflation keeps on rising, the more we have to be aggressive in taking opportunities and adding sources of income. The government can't help us anymore which is why we should have to work on our own in order to survive.
Bitcoin investment is one of the best options this time. We aren't making money quickly but for sure that this could help us in the future. If we can spend $100 a day on nonsense stuff, it is not difficult for us to spend it on buying Bitcoin.
 - change our lifestyle and gain interest in multiplying our money

Op yes it's not a bad idea I can categorically say that investing in btc to move out if some unforseen circumstances in our environment and every day rise of inflation should non negotiable that an investor need venture into without negotiating with any who can course further distraction by bringing in some idea. That will slow down the process of investing if throughly the invest is focusing the investment on BTC and not shiltcoin.

There is no other solution to escape the economic breakdown by every day devaluation of fiat currency than using the crypto currency system like that if BTC which has allot of assurance despite being volatile still stand a good chance standing out above fiat when inflation hit the economy.

With the economy, and increasing inflation rate in my country it was really difficult to survive especially if you are just a minimum wage earning it was for sure going to be difficult just to survive because it is not enough at all, probably your just going to eat and barely pay the bills with your job, but not really to the point where you could eat and buy what you really wanted, I know a lot of people here in my country that is leaving that life to the point where they are already getting depressed, since they were just slave that is just working and working, not really gaining anything or investing anything in the end.

I mean you are actually right in my opinion, I personally have a realization about it, learning it the hard way, I have a full-time job that has low pay, it's above the minimum but still wasn't enough considering I'm just alone, I don't really pay rent, since Im still living with my family, and the bills are split to four people with my sisters, it was actually great, but considering that I barely have any investment and savings, If I'm going to imagine living alone paying rent and bills I don't think I could even survive with my job. So I realize a lot of things through the years, and I learn a lot of it, from an advisor, that actually changes my mindset. I started investing a lot for my future, probably doing to some rules, one thing that struck me was when I heard the quote, Do not buy anything that you can't afford, which is actually true for a lot of people we tend to buy things that we can't really buy, then just end up paying the price for it.

One youtube also make me realize what you can do in just a short amount of time if you are just going to put up your one hundred percent because a lot of people are just getting there time wasted on social media probably a few hours and just on phone scrolling, but if you just put that extra hour on something that could make you an income it is going to make a difference. If you want to make a difference to something stop being lazy and grind every hour. If you are making 20$, and put up the extra hour you might get 10$ extra.