The price of commodities are becoming more scary by the day. As an economist with lots of bills to settle how do you deal with the price hikes, the expensive cost of living, The fluctuation in volatile assets and the demand to meet our every day needs.
Most nations are facing currency devaluation, economic downturn, Static GDP and slow revenue generation. What are your secrets for meeting the day to day expenses regardless of the inflation.
the answer is investing. you have think long term use leverage properly and wisely and let the compound effect do the heavy lifting. However it is a challenge if you're still starting because you need to make ends meet and consistently invest. You can invest in crypto and put it on yield with great returns. Or in any company that would give you dividends. That way' when you're established, your asset will give you money on yearly or quarterly basis plus its value rising compare to original price when you bought it.
use money for sufficient needs don't look rich with money. storing it in digital assets or with items that will go up in a few years like land, property or gold is the best option to fight inflation. money will continue to be eroded by inflation. we can only think how to make more money with the valuables we currently have.
You actually have 2 choices, live the way you want but you have to work double hard to meet your life standards, or live below your means for the time being until you can truly afford the life that you want. In any case, it will always lie down to what philosophy of money and living you are buying into.