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?
I think it's very difficult to deal with general inflation in society. But if it's about how we are not affected by inflation then of course there are some things we can do that relate to the assets we have.
First, never keep your savings in fiat for a long time. Because isn't it precisely because we hold fiat for a long time that makes us affected by inflation. Because the real fact and what we have experienced all this time is that the decline in value of fiat continues to occur. Maybe we think that the prices of goods have increased. In fact, it is the fiat that we hold that has decreased in value. then the way to overcome it is to divert our assets in the form of fiat into assets that are resistant to inflation.
Second, always have savings assets stored in the form of assets that can always maintain their value. for example Gold. Gold has been tested as an asset that is less affected by inflation. While fiat currency is affected annually by inflation, it turns out that gold is not affected at all. so that the price of gold seems to continue to increase, even though the fiat money itself is experiencing a decrease in value. so as if the price of gold continues to rise every year. so that Gold can be said to be a store of value that we can keep even for tens of years.
Third, get used to managing finances with careful and long-term planning. Change our mindset to be able to prepare our assets so they can grow more in the future. one of them by investing in land property. Because the price of land has never decreased and even continues to rise from year to year. even when the human population increases, the price of land will increase rapidly. In addition, this type of investment is very minimal risk. unless the land is indeed located in a place affected by natural disasters such as landslides and prolonged flooding, well when a disaster occurs the price will decrease rapidly and maybe even not sell. but if we leave it and we manage it again after the disaster is over. maia the price will be expensive again like before the disaster. So it is important to monitor and analyze the type of land before deciding to buy it. we should try to buy land that is not prone to natural disasters.
And maybe there are many other things that can be done. but in essence we must have preparation and planning for the long term. And that's why it's important to have a mindset that is always thinking for the future and not just for today. This will foster the habit of saving money and managing finances more effectively.
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Gold, your trusty ally, can strut its stuff in the digital universe too! Meet its doppelgänger - the digital Gold tokens. It's the marriage of gold's inflation-busting prowess with the flexibility of digital assets. But tread lightly and do your homework before leaping onto this digital bandwagon.
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