Topic: Surviving in this economy needs a new minds set - page 9. (Read 2332 times)

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.

There are people who are smart or wise enough on giving out importance or making that focus about priorities rather than on making themselves that living in a lavish life or lifestyle on which it is really that more than on the income that they are really that making. Mistakes such as this is really that very common and this is why people do really find out that they had done something wrong on the time that they would really be experiencing issues or those unfortunate conditions before they would really be making out some adjustments and this is something that would really be just that so normal and this is something that people would really be commonly do without even trying out to realize something earlier on which they could possibly be able to avoid disaster if they are really just that mindful in the first place.

You are right, lifestyle is not the important thing in our life. And this lifestyle must be supported by an income large enough to cover our entire economy, having savings for emergency funds and investments and if all of that is sufficient then we can follow this lifestyle. However, do not use funds outside of these interests.
And in bad economic conditions we are required to be smart, creative and independent in order to still be able to meet all our important needs, and one of the best options is for us to have a job or additional income. And if our income is more, we should invest, because investment is very important for the life we ​​live and also in the future.

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.

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.

If the economy is not good for the poor then investing in cryptocurrency can't solve the problem because you won't use bitcoin to buy what you want to eat or wear and you must change it or sell it to Fiat currency before spending it therefore you will still meet the inflation and follow the suffer with the poor. Therefore the best way is for the government to control the inflation and reduce the price of things in their countries.

In addition one thing that causes the inflation of goods and services is the USD or the American dollar because ones the dollar rise all the importation goods prices would follow up and things becomes rise in the country. So if the government can control the inflation then things might be better again in the world. In most times those things listed in the budget are not even realistic or it is for embezzlement.

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.

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.