Surviving in this economy needs a new minds set - page 8.

bestcoins1

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Quote from: HideYourKeys on May 05, 2024, 02:54:30 AM

"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...

I really have no doubt that Bitcoin can be a bridge or lifeboat to save many people from difficulties including difficulties in saving money and also difficulties in earning money. Because Bitcoin can be relied on by many people as the best investment to achieve the best profits in anyone's life and can also be used as a means of storing value for a short time only. Although things like that may not be recommended by everyone because they still remember the fluctuating price of Bitcoin in the market, so most people still prefer to save the value of their money in more stable coins.

And one more thing is that money is still not rare now and is even easier to find in anyone's life so it still cannot be considered rare. But things other than money can be said to be scarce as long as there is no more production due to limited basic materials needed. But when it comes to money, I think almost everyone can find it even if it's not their own money.

moneystery

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Quote from: bitLeap on May 04, 2024, 10:30:59 AM

Responding to this economic situation, we are required to be more creative in creating additional income....

looking for a side source of income other than our main source of income is one way to survive in the current difficult economic conditions. because relying on just one source of income is quite risky nowadays, because just imagine if we were fired or the business was not running properly, then our only source of income would be hampered and this would be a problem in the future. at least having a side source of income will make us more relaxed, because when our main source of income is disrupted, we still have other sources of income that we can still rely on.

MissNonFall9

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Quote from: skarais on May 03, 2024, 12:28:42 PM

Quote from: MissNonFall9 on May 03, 2024, 07:22:25 AM

Quote from: skarais on May 02, 2024, 04:57:34 PM

~~~

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.

Get rid of lifestyle reasons as your goal to start working extra hard, that is not a wise reason why you need financial stability. You need to improve your economic conditions to support a better life, especially to meet your living needs. Lifestyle should be the last option you consider, in fact it should be ignored before you invest in your future.

My current and future financial situation Taking care of every family member (even after my death) and future financial planning all together with my lifestyle. In short I should work hard to bring economic mobility and stability to my life. If I can maintain my economic stability and expedite financial progress will also play an important role in the overall economy of the country. All these reasons motivate me to work hard to earn money.

Yukyzu

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Quote from: CODE200 on May 04, 2024, 10:10:17 PM

Quote from: oktana on May 04, 2024, 06:44:01 PM

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.

wxa7115

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Quote from: mirakal on May 05, 2024, 05:57:47 PM

Quote from: oktana on May 04, 2024, 06:44:01 PM

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.

mirakal

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Quote from: oktana on May 04, 2024, 06:44:01 PM

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.

oktana

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Quote from: CODE200 on May 04, 2024, 10:10:17 PM

Quote from: oktana on May 04, 2024, 06:44:01 PM

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.

AnonBitCoiner

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Quote from: MiF on May 04, 2024, 07:18:59 PM

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.

HideYourKeys

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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...

AnonBitCoiner

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Eloncoin.org - Mars, here we come!

Quote from: cabron on May 04, 2024, 01:32:59 PM

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.

CODE200

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Quote from: oktana on May 04, 2024, 06:44:01 PM

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

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Quote from: TEBTC on April 28, 2024, 04:57:25 PM

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

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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.

oktana

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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.

CryptopreneurBrainboss

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Quote from: TEBTC on April 28, 2024, 04:57:25 PM

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.

SATWAT

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Quote from: macson on May 04, 2024, 03:09:16 PM

Quote from: justdimin on May 03, 2024, 02:49:24 AM

Quote from: slapper on May 02, 2024, 05:57:59 AM

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.

macson

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Quote from: justdimin on May 03, 2024, 02:49:24 AM

Quote from: slapper on May 02, 2024, 05:57:59 AM

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.

fullhdpixel

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Quote from: Y3shot on May 03, 2024, 01:22:15 PM

Quote from: Franctoshi on May 03, 2024, 09:11:22 AM

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.

cabron

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Quote from: indah rezqi on May 04, 2024, 01:02:57 PM

Quote from: TEBTC on April 28, 2024, 04:57:25 PM

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.

indah rezqi

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Quote from: TEBTC on April 28, 2024, 04:57:25 PM

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.

Topic: Surviving in this economy needs a new minds set - page 8. (Read 2388 times)