Post
Topic
Board Economics
Re: Recession? How to face It?
by
slapper
on 24/10/2023, 16:23:58 UTC
Economic challenges in the future will be increasingly difficult, it is not strange if inflation or economic recession occurs because currently more and more countries are very dependent on commodities from other countries so that when problems occur it will create a chain of problems, what we can do of course is invest , not wasteful and continue to look for sources of income.

It cannot be denied that inflation is something that worries everyone, especially if you are a businessman because the continuous increase in prices of goods due to inflation means that many people's finances cannot be controlled, thus having an impact on future financial balance. And this can happen in every country.

I also agree that one way to deal with inflation that will always be recommended is investing in bitcoin. Because, investing in bitcoin will help protect your finances from the impact of inflation. Apart from not being wasteful and having to look for additional work, you also have to avoid debt. Moreover, if you use debt only to fulfill your lifestyle and are consumerist in nature, it is actually less useful.
Inflation! The word bothers every businessman. Price rise, financial balance fall... Every nation faces this difficult game. We must face this universal challenge

On to Bitcoin. Everyone's discussing Bitcoin, right? Like the financial golden ticket. Some claim it's the inflation solution. Why? Because Bitcoins are limited. No unlimited printing like cash. The huge but is that it's not a one-size-fits-all answer. Knowing the ins and outs and not putting all your eggs in one basket are essential

And debt? Lifestyle debt? That's poor business. Living beyond your means with debt is a recipe for failure. It's foolish, inept, and unsustainable. Live within your means, invest intelligently, and always look ahead. Make finance great again