Quote from: Lubang Bawah on Today at 02:37:26 PM

Quote from: mm2543363580 on June 03, 2023, 05:56:31 PM

Inflation will increase drastically in 2023 in my country in last 5 6 months inflation has increased by 10 fold .
People are suffering because of this there is food shortages and natural calamities are happening every year so in short situation is getting worse.
Currency is losing its value which is an add on to price hikes .

Can't imagine if inflation increases 10 fold, of course it makes money worthless but it's very difficult for us to get, I think the best thing to avoid inflation is to continue to increase the source of income, make sure you do a lot of things to survive, growing food crops, vegetables and fruit is the thing that must be done to avoid a food crisis.

Somehow, this is wrong, you will work for the rest of your life if you think multiple sources of income are the way to battle inflation. It is not a bad idea actually to source for passive income but it will have been better if you barricade your money into an investment after removing expenses and bills; Bitcoin is an example of an asset that triples at least every 4 years when you pay attention to it but that is not financial advice, there are other ones out there you can choose instead of working hard, it will not only affect your body system, your will age quicker than you will imagine.

I'm not sure if I have lived to see any country drawn by inflation in 10 fold, it is not realistic but Zimbabwe experience something close to that end and we all see how their economy crumble but of course that was due to bad leadership and I assume is not all country that has bad leadership, even if there is they are not that dip to increase by 10 folds.