Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life