Post
Topic
Board Economics
Re: Surviving in this economy needs a new minds set
by
tottong
on 19/06/2024, 08:14:09 UTC
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable

Life must be prepared with a plan and in increasingly difficult economic conditions people must have a plan for making money.
The living standards of poor people will indeed be impacted when inflation occurs because they do not have the ability to generate a stable income. That's why facing inflation you have to be prepared long beforehand and people have to have a much better level of income.

Quote
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Anything will not have a bad impact as long as we understand and have the ability to make money stably.
The advantage of bitcoin is that it maintains value and investing in this form will be much safer in the long term.
When poor people are in difficult economic conditions, investment is not the main thing they think about, but rather maintaining life for their daily food needs.