How do you strategically navigate hyperinflation to safeguard your financial well-being?
Would you invest on crypto, stocks or household when the cash is not the king?
To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.
When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.