Quote from: Mame89 on June 05, 2023, 10:10:48 PM

Quote from: Tallupooh on January 21, 2023, 06:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

This investment is one way to overcome inflation. Even though many people are afraid that investing will make them lose money and require a lot of capital, investment is a choice and a way for someone to fulfill their financial goals so that our purchasing power does not decrease.

Even so, inflation is faced calmly. for those who don't understand high-risk investment instruments, it's better to invest in a safe place like gold, at least it can minimize the decline in value due to inflation, but in my opinion, investment during inflation, the food sector can produce good products. Inflation is not inflation, people still need to eat. Don't let people who don't understand crypto suddenly buy crypto for fear of excessive inflation. It's even more fatal if you put it in a fraudulent investment, the money actually disappears. because make no mistake, when inflation is like this, many fraudsters take advantage of this moment to cheat.

The point I got from OP is don't save too much cash (except emergency funds).
Conversion to assets: Gold and bitcoin
All fiat money will be affected by inflation, whether it is dollars, rubles, riyals or yuan it is the same. They were minted without any guarantee of gold value. All will be eroded.

inflation is truth and there is no denying that inflation is killing
people. The only way you can save yourself is by earning more and by saving more.