How are you coping with inflation?

[Good-Person]

Seriously , that is just one of the reason it is necessary for us to have a business even if we have opportunity to work for the government . salary does not necessarily make us rich.

Well, this is also one of the reasons why I reckon that you must invest some portion of your income in order to make some sort of profit to some extent. If you invest $100 and gain $50 as profit, then you will still be able to recover from inflation to some extent.

 

[Sincerem]

Well, this is also one of the reasons why I reckon that you must invest some portion of your income in order to make some sort of profit to some extent. If you invest $100 and gain $50 as profit, then you will still be able to recover from inflation to some extent.

When talking about investment it is something that will only generate you profit after a specific period of time . I believe establishing a business will always give you a much relief financially because of constant profit that comes along.

 

[Good-Person]

When talking about investment it is something that will only generate you profit after a specific period of time . I believe establishing a business will always give you a much relief financially because of constant profit that comes along.

Yes, investing in any kind of business would generate you profits after some time. This also applies to cryptocurrency market as well because it takes time for cryptocurrencies to rise in value.

 

[Sincerem]

Yes, investing in any kind of business would generate you profits after some time. This also applies to cryptocurrency market as well because it takes time for cryptocurrencies to rise in value.

Investing in business is better as you may have opportunity to generate steady income. cryptocurrency is also nice. This is even the perfect time for people to invest in cryptocurrency provided you are willing to risk it.

 

[Genie011]

The inflation and high cost of living is global and according to the recent increase in interest rates of the dollar .
My technical analysis is dictating that we are up for another level of inflation.

 

[Good-Person]

Investing in business is better as you may have opportunity to generate steady income. cryptocurrency is also nice. This is even the perfect time for people to invest in cryptocurrency provided you are willing to risk it.

Cryptocurrency investments could be great, but they are incredibly risky. Moreover, as a trader, you do not always get a buyer in the market and you may need to sell cryptocurrencies at a market price.

 

[Sincerem]

Cryptocurrency investments could be great, but they are incredibly risky. Moreover, as a trader, you do not always get a buyer in the market and you may need to sell cryptocurrencies at a market price.

But there isn't anything wrong with you selling your cryptocurrency at the market price. well you can sell it above the market price only if you would have to keep it to appreciate but still you will have to sell it at market price.

 

[eenya001]

Inflation is a hot topic right now, and I think it's important to talk about it a little bit. I think the best way to cope with inflation is to take advantage of the fact that it's happening and get ahead of the curve. If you can't afford something now, wait until it's cheaper and then buy it. That way, you're not just waiting around for things to go down in price, you're making them cheaper by waiting.

When you do this, you're also gaining interest on your money, which means your money will be worth more tomorrow than it is today. This might seem like it's not much of a difference... but think about how much longer it takes for things to go up in price than down! You have time on your side when dealing with inflation, so take advantage of that fact.

Some of us where not prepared for it, so it is very hard to go ahead of it as we did not see it coming and it has really hit hard making life unbearable but I believe that with time things would get better

 

[Chibson]

Yes, inflation has become a global issue now, especially after COVID-19. The only thing I find useful in such a situation is that we stop spending money on unnecessary things. We need to focus on our needs first, rather than our wants.

Trying as much as possible to avoid unnecessary spending is very important for you to overcome inflation. It is also important and necessary to make budget whenever you want to buy anything.

 

[Smiles20]

I can tell you for sure that inflation is highly affecting my business as well as things that I will naturally love to buy for myself. The only thing I am doing is trying to address to it responsibly.

 

[Abigael]

Frugal living has helped me a lot through inflation. I am so aware of how much money I make and how I spend each penny. I have had to force myself to let go of some unnecessary expenditure. This is so that I can be able to afford my basic needs and avoid being totally broke or getting into debt.

 

[Good-Person]

But there isn't anything wrong with you selling your cryptocurrency at the market price. well you can sell it above the market price only if you would have to keep it to appreciate but still you will have to sell it at market price.

The fact remains that there is indeed nothing wrong with selling and buying cryptocurrencies at a market level if it is proving to be profitable. You can sell cryptocurrencies at market price because you can easily find buyers for that in the exchanges.

 

[Smiles20]

The only way to deal with inflation is to reduce your expenses and manage your money in a really efficient and effective manner. Otherwise, you may end up spending more than you can think.

You can as well reduce the money that you are spending and also at the same time you can also increase how much you are making as well. This is going to make it more easier for you to cope.

 

[Shortie]

As much as it is difficult with inflation rising the way that it is and so rapidly and also with personal circumstances that I have at the moment I am finding it somewhat difficult to cope with the rising inflation but I am doing everything I can to get through it as I know many people are. This is something that many people are going through and as much as it is a struggle, I know there are people out there, worse off than I am and so I am thankful for what I have and what I am able to do to cope.

 

[Chibson]

One of the best strategies I use to cope during this period of reflation is to adjust my spending. I make sure I try as much as possible never to buy things I do not need.

 

[Kane]

I am spending more hours working so that I will be able to generate more money and I might be able to pay my bills. When ever I have surplus money, I also try to invest as the prices of assets have also gone down.

 

[Ernestnari]

The only way we are coping with inflation is by adjusting our lifestyle. The only expenses that we prioritize right now I'd food because we can't do without it.

 

[Abigael]

One of the best strategies I use to cope during this period of reflation is to adjust my spending. I make sure I try as much as possible never to buy things I do not need.

That is a great thing that I am trying to do too. I do my best to spend so well that I never go bankrupt. Also, I have learnt the importance of trying your best to increase your income. If you earn more, it is easier to plan your expenditure.

 

[Chibson]

That is a great thing that I am trying to do too. I do my best to spend so well that I never go bankrupt. Also, I have learnt the importance of trying your best to increase your income. If you earn more, it is easier to plan your expenditure.

trying to increase your income is always important and necessary if you want to beat inflation. You must also know how to manage your finances well in order not to spend money recklessly.

 

[Castelione]

I am spending more hours working so that I will be able to generate more money and I might be able to pay my bills. When ever I have surplus money, I also try to invest as the prices of assets have also gone down.

Oh, yeah. Investing is always a good idea - and you are right, prices of assets really went down so it’s also a great opportunity to invest more.