Falconer (OP)
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April 15, 2022, 03:31:45 PM |
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-snip-
For now I am still quite comfortable with the percentage of my ability to invest around 10%-20% every month of my total income, but when the crisis and inflation continue without knowing when it will improve then personally that percentage will decrease gradually. Additional income, maybe that's a solution that can help but yeah that's the problem. The signature campaign might help for a while, but we can't expect it to last long as it will definitely stop at any time. Obviously we need additional income. 1. Of course. Assuming that you have your emergency and rainy day fund sorted out already, what else would I spend the money on? Unless you want to start a business or something then what else but invest.
2. Try your best to increase your income and lower your unnecessary spending. Those things that are given as good finance advice in general(books, etc), regardless if in an inflationary economy or not. Of course we still need to think about investing even though we can only have 5% per month of total income, that is different from savings because I also have savings that I don't use for investments that I will only use when urgent. Of course I'm thinking of business, this is another way to strike a financial balance between expenses and income and it's true that so far I've tried to keep down the very non-urgent expenses that I then shift to savings. But it's still all about me, but what about you? Maybe I can compare them to do something better.
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Doan9269
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April 15, 2022, 04:12:50 PM |
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At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. As you've thought, almost every part of the world is truly affected with inflation but no matter how small the chances are, there must be a way out, i will advise you to strive hard and never relent on your earnings you manage to invest with, also try and work out an alternative means of income, think around your vicinity what service you can render that best meet people's demand and need, pay the cost now so you can enjoy the smile tomorrow. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
Yes, because investment on itself is an asset which can yield good return with time. - How do you achieve financial stability during this inflation?
Refer to my first point and double your source of income and cut short liabilities and reduce cost of your daily living expenses.
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Dhaniii
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April 15, 2022, 04:43:39 PM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. Talking about investment, of course we talk about financial assets that are more than the cost of our basic needs, if the cost of basic needs does not meet, of course we don't need to talk about investment. all countries are currently experiencing inflation and we have seen together that investing in cryptocurrencies, especially bitcoin, can overcome the reduction of inflation in our lives. so investing is the best way now.
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fiulpro
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April 15, 2022, 05:35:24 PM |
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The sad part is due to war and the whole of Ukraine going in ruins there is no way for us ukranian residents to achieve the financial stability. The harder Part is considering how it would affect the educate and the whole future as a whole as well. For me all I can earn right now is through the forum which does mean that the income is only sufficient enough to take care of the food, therefore for me personally it's a dream to have enough money to even save 10-20%. But if you do have to understand that the only way you would be able to survive the inflation is through investment and investment in not anything but in something like cryptocurrencies like bitcoins, shiba, you can see how far the price goes, up and down and trade on it as well. It's all about the strategy and continuing your education so that you get better well paying jobs as well.
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BITCOIN4X
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Talking about investment, of course we talk about financial assets that are more than the cost of our basic needs, if the cost of basic needs does not meet, of course we don't need to talk about investment. all countries are currently experiencing inflation and we have seen together that investing in cryptocurrencies, especially bitcoin, can overcome the reduction of inflation in our lives. so investing is the best way now. The best option is to put your life's needs first before thinking about investing. You won't really be able to invest consistently during inflation because your financial needs are increasing, so investing is never a way to stabilize finances because it's actually the worst option when you don't have enough finances to make ends meet. Investment is a good choice to grow your financial strength in a certain period of time, you can't force the desire to invest consistently, especially when you're hungry. So the investment should be made after you meet the needs of life even if inflation is happening.
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retreat
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April 15, 2022, 10:23:07 PM |
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- Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. - the price of goods in my country has also increased, even the cost of my rented house has increased but I still keep investing 15% of my monthly income every month. - During this inflationary period, what I do to maintain my financial balance is to reduce my daily expenses to a minimum.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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24Kt
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April 15, 2022, 11:12:43 PM |
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- Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. - the price of goods in my country has also increased, even the cost of my rented house has increased but I still keep investing 15% of my monthly income every month. - During this inflationary period, what I do to maintain my financial balance is to reduce my daily expenses to a minimum. And even if it is 10-15% of your income. Later on, you will realized that's a big thing already. At least, the idea here is you have investments. Most people actually don't have as they are living from paycheck to paycheck. You are lucky if you can still save that 10-20% of your income. And you are right, you can always reduce your expenses by not buying unnecessary things like a cup of coffee. You can save money if you will make it at home and not order from outside. Small things will help you bring down your expenditures.
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justdimin
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April 16, 2022, 06:41:30 AM |
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For now I am still quite comfortable with the percentage of my ability to invest around 10%-20% every month of my total income, but when the crisis and inflation continue without knowing when it will improve then personally that percentage will decrease gradually.
Additional income, maybe that's a solution that can help but yeah that's the problem. The signature campaign might help for a while, but we can't expect it to last long as it will definitely stop at any time. Obviously we need additional income.
That's the difficult part. World economy is going to shit these days and while I can still do some investments, I am incapable of doing it easily, and it is pushing my limits. For example, I did some investments for this month, put 10% of my income into investment, but I also have debt that I need to pay, I assumed I would be able to pay it, and live with the 90% of my salary, but looks like it is going to be a challenge. If I use that amount to pay my debt, then I would be comfortably closing up my debt and living a much better life, but if I do not do that, then it is going to be quite a challenge for me. If this keeps up, I won't be able to save any money monthly.
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Ultegra134
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April 16, 2022, 07:49:48 AM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. Inflation has affected all of us indeed, particularly, I didn't invest any money of my salary, nor could I save 40-50% off my salary aside. With that being said, I would only hold all my earnings made via signature campaigns, but with the current condition, I'm seriously considering withdrawing half of what I'm making per month, since the cost of living has greatly increased.
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Poker Player
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April 16, 2022, 08:14:18 AM |
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- Will you continue to invest even if it is only 10%-20% of your total monthly income?
Yes. If you can invest less now because everything has gone up, then invest less. In general, what you have already invested, if it is in high quality investments, will tend to go up as well, so even though you may have less disposable income, your net worth should not be affected as much. - How do you achieve financial stability during this inflation?
Let us clarify what we mean by financial stability. According to the first result I get in google:
" When you are financially stable, you feel confident with your financial situation. You don’t worry about paying your bills because you know you will have the funds. You are debt free, you have money saved for your future goals and you also have enough saved to cover emergencies. Financial stability isn’t about being rich. " Acoording to this, I achieved financial stability before entering this period of high inflation. How you and others achieve it depends on many variables. I would summarize it as: 1) Have a contingency or emergency fund. This is the first thing you have to have. 2) Keep investing (I assume that, as you say, you already have investments). 3) Try to increase your income. Try to get paid more for your current sources of income and also try to have more sources of income.
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Synchronice
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April 16, 2022, 09:13:20 AM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. How are your investments doing? Did they bring you profit since then? Are you trading? If yes, then you can try this method: If your salary is, let's say, $3000 and till today you were saving 50% of it ($1500) but now aren't able to do so but your assets worth $30 000 USD, then if you do trade and aim for 5% month profit, you can compensate that $1500. But you have to decide what's your priority, 5% profit of USD value or 5% of your asset (its value can fall in USD but you can grow asset in numbers). What I wrote is risky and I don't recommend it to anyone, it may sound dumb for some, not for others but I always keep in mind that I can do this if there is a right time for it. Also, do you have hobbies that you can't give up on? Like Fitness, Gaming, Writing, Illustrating, Gardening, etc. You can profit from them via various ways and methods, for example: Fitness - Create Instagram, TikTok, Youtube channel and post your videos, daily training, body transformation challenges, how to do workout videos, nutritional guides, etc. Gaming - Create Twitch, Youtube channel and stream your gaming sessions, give some tips, advice, strategies. Writing - Write a book and sell it, it's hard but if your passion is that high, it's possible. Or you can also publish articles in news websites if you are really great at it, become an copywriter, etc. Illustrating - Master your skills in Adobe Illustrator and other programs and work as a freelancer on websites like Upwork, Toptal, Freelancer. Gardening - Again, Youtube, TikTok, Facebook and Instagram can be your best friends. Record videos, share tips, post your garden images. Once you turn your hobbies into additional income, then you won't worry much about the inflation and will be able to save even more if you keep your requirements at the same/previous level.
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Dunamisx
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April 16, 2022, 10:36:13 AM |
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- Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
We see the economic situation of the world running on the inflation terrain and one have to see the need to device a means to sustain through this difficult challenges, many have been taken the advantage in bitcoin investment and in your own case you don't have to under estimate the role your low income could become later in future with your investment in bitcoin, we have many occasions whereby business investors seek the use of bitcoin by converting their assets, thereby using bitcoin to overcome sanction and inflation, no matter how little your income, just keep on with your investment in bitcoin, the future is tomorrow.
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Pejoh Asu
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April 16, 2022, 10:43:19 AM |
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Inflation will continue to occur, no country will experience deflation because the central bank always prints money without proper calculations, this is what makes us have to invest so that we can survive, and the best investment option is that it can be turned into cash at any time so crypto is my first choice for now.
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Ultegra134
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April 16, 2022, 04:08:36 PM |
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Inflation will continue to occur, no country will experience deflation because the central bank always prints money without proper calculations, this is what makes us have to invest so that we can survive, and the best investment option is that it can be turned into cash at any time so crypto is my first choice for now.
And who said deflation is better? Trust me, people who are struggling to survive aren't going to invest money, nor the adoption of cryptocurrencies is life saving in such cases. If people are anticipating a decrease in prices, they stop purchasing non-essential goods, cutting down the demand, thus, decreasing the flow of money in the market.
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yawars20
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I know Who I AM
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April 16, 2022, 06:13:44 PM |
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There is no denying of how much every country is facing money inflation including my own country and it's causing high level of anxiety due to rapidly increasing prices. And from last year COVID situation making it more and more worst for so many. To handle a situation like this you have to be calculated and it doesn't matter how much you hold to start investment but what matter is how persistence you could be to achieve your goal. It's really hard to start but if you put your best into something you are good at it, you will get good results in the ends. Am speaking with my personal experience as I faced the same situation 3 months ago but now am doing fine and increasing my investments.
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Ultegra134
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April 16, 2022, 08:10:19 PM |
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There is no denying of how much every country is facing money inflation including my own country and it's causing high level of anxiety due to rapidly increasing prices. And from last year COVID situation making it more and more worst for so many. To handle a situation like this you have to be calculated and it doesn't matter how much you hold to start investment but what matter is how persistence you could be to achieve your goal. It's really hard to start but if you put your best into something you are good at it, you will get good results in the ends. Am speaking with my personal experience as I faced the same situation 3 months ago but now am doing fine and increasing my investments.
The whole situation is a mess, we went through many years of financial depression in Greece, a lot of austerity measures. When things started to get better, Covid-19 hit, taking everything along its way, tourism was devastated for the past two years (last year wasn't that bad, but still quite worse compared to pre-covid levels). Now, after the immense pandemic crisis, the increased living costs due to inflation are creating huge pressure in the economy and the society.
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Pomogator
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2022, 08:28:21 PM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. Of course, the future of the economic consequences of current events is unknown now, I will also choose places to create additional reserves in addition to foreign fiat, I had not thought about this before. Really very much complicate the mandatory expenses that have grown by 30-35%, this has made my life very difficult.
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Coyster
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Crypto Casino and Sportsbook
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April 16, 2022, 10:19:56 PM |
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- Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
All of this actually depends on the individual and what their income actually is, for a person who earns barely enough to handle their basic daily needs, i am pretty sure they would scarcely be considering any sort of investment, definitely not in this period. Having said that, as for myself i would basically just follow the same part that has been working for me for so long, i have never invested more than i can afford to lose, so i would continue in that way, investing a certain percentage, saving the rest for future investment and keeping some for my basic/daily needs. Having said that, as for financial stability, that isn't something one achieves in a short space of time, it takes time, as well as careful planning, all you should simply do in this period is live within your means, cut down on unnecessary things and invest wisely, so somewhere along the line you could become stable financially.
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kaya11
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April 16, 2022, 11:18:14 PM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. Really bro, gaining 10-20 percent of income on a monthly basis is golden opportunity in my situation. It is sure money rather than doing nothing, stagnant money on banks gets you nowhere, I'd put them where they would gain some. I describe myself being stable in a way all of that 20 percent income goes to untouched, bills paid and things I need are bought. If those incomes is intact, I would prefer them to added as a capital and gain more.
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magneto
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April 16, 2022, 11:22:10 PM |
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We all know that almost the entire world is currently experiencing variable inflation, and my country is no exception. Almost all goods prices have gone up, financial stability has been disrupted and most of us have had to incur additional costs to pay our bills due to rising tariffs and taxes. At the same time I am still thinking about investing even though I am really having a hard time achieving financial stability at the moment. If previously I could save 50% of my total income for investment then for now only 25% seems difficult. If you are also experiencing this condition, then I have a few questions to answer. - Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
Share some of your thoughts, I think it would be good to consider especially as long as this kind of condition persists for a long time. Yeah, for sure. You want to be saving & investing as much as possible during this period, as well as stocking up on essentials wherever you can because inflation can really bite you in the arse when you least expect it. I would also strongly suggest anyone looking into inflation hedges to stay away from the stock market and real estate markets, which are clearly in huge bubbles right now. Invest in traditional inflation hedges like gold/silver or cryptos instead as they have a capped supply.
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