Quote from: Dailyscript on Today at 03:12:20 PM

Quote from: South Park on March 02, 2024, 11:10:40 PM

Quote from: bussybuddy on March 02, 2024, 08:55:54 PM

The clearest feeling I see is a significant reduction in life expenses, the cost of living increases but the salary does not increase at the same time. Perhaps I am still quite lucky to still have a job with a stable income, but the effects of inflation cause a lot of plans to be disturbed.

Even investing in the crypto market has some difficulties. I know about the opportunity to make a profit in the market but my accumulated capital is quite limited because there are still many constraints in life. It's great that the market has been changing very positively recently, helping the investment process a lot. I've been accumulating bitcoin every month since the period when bitcoin was at a price of $30000 until now still intending to take some profits and wait for the adjustment to accumulate more altcoins.

Since inflation causes the decrease on the purchasing power of our savings, there are two ways to deal with it, one of those ways is to not have any savings at all, something the majority of the people do, but the issue with that strategy is that even the smallest setback can cause tremendous harm to you and your family, the second way to deal with this is to save a small amount of money, like a few months worth of your salary, and invest the rest, this is way better in my opinion as if you make the right call then not only your capital will grow, but you will be able to deal with most emergencies as well.

I'll go with the second option. Save a little and invest the rest. I believe that is the wisest thing to do. It would be so bad if you had little money, at least in savings, so that if anything had to go wrong in the future, you would stretch your hands in there and settle the problem without having to risk your investment. Investments are for financial elevation, which is why it is essential to invest. Both investment and savings are necessary, which is why it is important not to put all eggs in one basket, they should be done alongside each other.

You would really be needing to be wise if you are really tend to fight off when it comes to inflation or something with that economic issues on which it would really be causing up for you to suffer out
if you do tend or wish to consider on staying up on your casual method on earning. Its true that savings could really be having that kind of opportunity chances that you could be able to make use of that amount for you to be able to make out some investment so that you would really be able to make yourself having those different income streams on which it would be causing for you to have that kind of option.

When you do have a family then of course you would really be thinking up wisely on how you would really be doing on sustaining and supporting your family needs
on which this would be something that would really be so crucial i must say.