I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
Inflation is inevitable.
This is the reality just like taxes, no one can stop its existence. Let's just embrace and be prepared to face it through having multiple sources of income and be wise in spending money.
If you're usually a person that spends on some stuff that you don't really need then it's now time to be practical and live frugally.