I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?
Certainly not your emergency funds. Emergency funds are funds that you will need in case of something disastrous happens and you will need money. You won't be able to risk that money by investing in crypto currencies. What if you need your emergency funds which you invested in crypto currencies, but the price of the crypto has fallen? That would bring you more trouble. The assets, depends on what kind of assets and how much you are willing to risks. I wouldn't say go all in with your assets, but yeah, maybe a few assets that you can risk and you think would be better to sell and invest in bitcoin or other crypto currencies. As long as you are holding for long term and not investing in some shitcoins, then you will be fine. Remember, invest only what you can afford to lose.