Quote from: Hanadawa on Today at 04:52:05 AM

Quote from: Zadicar on March 18, 2025, 10:54:31 AM

Or simply you do talk inflation on which this is an inevitable thing on which products and services prices are going up high and this is whats happening in todays world. So whats the solution to this?
Increase your buying power, via means that you do need up to have that other income source on which it will really be that something that you do need up to do and consider out, because if you are really just that staying into the amount that you are earning from your job and the goods or products keeps on increasing then you would definitely be seeing yourself having a huge problem later on. You might not be able to feel it out directly but sooner or later you will really be definitely be having that kind of hardship on budgeting because of shortage or overdropped. So it will really be that on situational basis on how a particular person do made out such action.

In addition to increasing or adding sources of income, I think that in today's era, investment is a very important thing to maintain your wealth. I think that now is an era where the rich are getting richer and the poor are getting poorer. A few decades ago you could survive with one source of income even though it was a salary. But the high inflation every year is not comparable to the increase in salary received. This makes one source of income increasingly difficult from year to year. On the other hand, the poor do not have access to invest because they do not have enough money. And the rich are getting richer because they have many assets that continue to experience large growth every year.

By continuing to increase sources of income for ourselves, this will certainly make it easier for us when we are experiencing a worsening economic situation and it is true as you said that currently we see many people who already have a lot of wealth will be able to easily develop the wealth they have, but for those who are still trying to accumulate wealth must be patient because there is always failure for them in trying it.

Having one source of income is indeed difficult to survive in an inflationary situation and also for the poor, of course they must first meet their needs before thinking about investing because it is very unlikely that they will invest in poverty and related to the assets owned by the rich which continue to grow, of course they have spent a lot of time to collect all of that to be able to prepare themselves for the future.