Quote from: Die_empty on Today at 10:58:16 AM

Quote from: Z-tight on September 19, 2025, 09:14:47 PM

Quote from: Reatim on September 19, 2025, 06:54:34 AM

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

Self control, which i would prefer to call discipline is not only what is needed to become rich, but it is an important part of it. However, you must add investing to your discipline and you must invest in the right assets, some people still save money in the bank and they expect to get rich, that is not possible. You save money and then you put them in investments that rise against inflation or maintains their value even in a crisis, BTC and gold are very good examples.

Inflation is rising, and minimum wage still remains the same; there is no way one can survive on salaries. Saving in this condition will be a near impossible task even if you live extremely modestly.

Seeking other sources of income, like securing a side job or starting a business, would be good options if you want to save. Saving would later be channeled to investments such as real estate, Bitcoin, or precious stones.

Of course, if inflation rises, salaries will remain the same, making it difficult to cut expenses and limit unnecessary purchases. This won't solve the problem and may be temporary, but it won't help in the long run.
The best way to address this situation is to increase your income by finding a side job or doing something else that can supplement your income so you can still meet basic needs without having to cut back, especially on food. Spending money on non-essential items is inevitable and shouldn't become a habit unless absolutely necessary. And by having a side job, you can increase your income, which you can use to save and invest. This doesn't have to be a large amount and you can do it gradually; even small amounts can add up over time. To cope with inflation and a fixed salary, we need to be independent and smart in dealing with it because no one can help us but ourselves.