Post
Topic
Board Economics
Merits 3 from 2 users
Re: Is there a place in the world you could live like a king via sig campaigns?
by
virasisog
on 12/06/2022, 17:37:40 UTC
⭐ Merited by The Pharmacist (2) ,JayJuanGee (1)
Quote
I live in a province in a third world country with a minimum monthly wage of around $220, obviously $400 per month from the current signature campaign can make me think about better things like having a potential investment, buying a motorbike and so on. But so far rising inflation has made my total monthly expenses much bigger and $400 per month doesn't seem like enough for my daily needs anymore. Nearly 80% of my signature income goes to making ends meet, and the remaining 20% ​​goes to investment assets or long-term savings. So what does it mean, even if you think that third world countries are much better than others to live in, but severe inflation has made us miserable. The minimum wage is no longer enough to make ends meet, so in the end I just think that third world countries don't always benefit you financially either because inflation is the cause of high prices.
Inflation has been really challenging to deal with these days. Even if we have a signature campaign as a side job and work full time, we can't still live a luxurious life or even buy the assets that we want because our salaries are just enough to sustain our financial necessities especially if we have families to support.
The remaining portion of our salary should really be allocated to investment. The inflation rate is continuously increasing but our salaries don't increase which is a battle that we have to face each day to survive life. However, we should still be grateful that there are lots of opportunities that crypto could offer us. I'm sure that our investments could bring us closer to our goals in the future.