how to overcome inflation for the community

[smile1218]

Inflation be a major challenge for communities, but there are several strategies that can be employed to help overcome it. One approach is to encourage saving, which can help reduce the amount of money in circulation and thereby ease inflationary pressures. Another strategy is to promote investment in productive assets, such as businesses or infrastructure, which can help to stimulate economic growth and create new jobs. Governments can implement policies such as price controls or subsidies to help keep inflation in check, although these measures must be carefully balanced to avoid unintended consequences. Finally education and awareness campaigns can help to raise public understanding of inflation and its causes, which can in turn lead to more informed decision making and better economic outcomes for the community.

[nesty]

Inflation is one of the problem affecting the communities in different countries. I think one of the strategy we need to do is that the community should increase the productivity and efficiency which can help reduce costs of goods and increase the supply of goods and services. Implementation of monetary policies that can regulate the money supply and can control inflation. Encouraging businesses to keep prices low and improve efficiency can help reduce inflation. If the government and community will help each other to reduce the cost and increase the supply of goods we can reduce the inflation.

[irsykes]

I think it makes the most sense to invest in a sustainable yielding asset like property, land etc or better yet to invest directly in gold. I guess that's more promising than anything. and it seems that there is no way to deal with inflation. there is only to avoid it by shifting assets to things that are not subject to inflation.

more precisely, it leads to investment in buying land, the risk is very small, in my opinion. Since childhood, I have been taught by my parents to buy land when I am an adult, or the best investment, such as land or one that does not result in wasting money on the item. Buying land is never a loss, which I have done until now, even though the amount of land I got from my hard work was not large. just imagine the land could save from inflation from producing plantation agriculture

[AnonBitCoiner]

Now a days inflation is so high that a normal man cannot live a life happily so it is important to follow those tips which you have mentioned. I think that a person should overcome the uses of money in those things which is not necessary for living a life.

Inflation cannot be controlled easily but one can overcomes it by applying certain strategies and I think that everyone cannot accept activities to save money because everyone wants a luxury lifestyle. Preparation for all conditions is very necessary so I think that one should be fully prepared for whatever comes in life.

[Raceonsucced]

I think looking for additional income and investing is more effective than saving. because inflation is where we have to need a lot of money, so it's rather useless to save in the present. prices of goods are increasing. so looking for extra income is the best.

[Semar Mesem]

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

[Theones]

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

that is correct - inflation is not going to end we must learn to live with it. The best apporach in life is to save as much as you can in our community we think serving food to other brings good luck and prosperity to you

[Mauser]

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

These are all personal things that can help individuals to be better prepared during high inflation times. The problem is that all of them don't really help to bring down inflation on a country wide level. First of all saving money is good, but your interest rate will likely be lower than the inflation rate, so you are losing value every month. Same goes for investing money, our profit should at least offset inflation, otherwise it's not worth the risk. On a country wide level it would be the best if consumers start working together and punish the companies that raise price too high. It's in the hand of the consumers to pay the prices or not. Why don't we publicly label products that increase their price by 50% in 6 months? If we all would stop but their product they would be forced to lower the price again. Inflation is a spiral that goes across every industry and gives a good argument to increase prices even if production didn't change much. It's up to us consumers to change our purchase habits and find alternatives.

[fuguebtc]

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

Inflation is a part of the world economy, it never goes away completely, it has a cycle that comes and goes at some point. But in the long run, each time inflation comes back will be more and more scary, so we need to prepare for the future, for the coming inflation. Do not rush to rejoice if inflation is pushed back in the near future, but focus on increasing assets during the period of economic development to prepare for future inflation.

[G_Besar]

I think looking for additional income and investing is more effective than saving. because inflation is where we have to need a lot of money, so it's rather useless to save in the present. prices of goods are increasing. so looking for extra income is the best.

Looking for extra income is not wrong at all for everyone who wants to overcome their difficulties in life, but if the extra income is always used up without anything left it will also be in vain in the end. Because this income also needs to be taken elsewhere, such as in savings or invested in several assets that have a high selling value. Whether it's into real estate or into crypto, in essence, you have to have initial savings so you can work on these two things. So whatever the current conditions are, saving is a very important thing in everyone's life and that is very much regardless of whatever conditions we are currently facing.

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

I would also agree more if you told everyone to do business to fight inflation which may never end, although I don't think inflation will ever end because now there are several ways to deal with excessive inflation. One of them is by doing business so that you can get additional income in life and keep trying to turn money into new jobs that are seen as having the opportunity to get more results or money without sacrificing more capital or other existing businesses.

[Rigon]

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

All the rules/guides you have given to deal with inflation are very useful but what I find most useful is to use domestic products and start investing and saving. If we use domestic products we will be able to overcome inflation to a large extent. Because in this case the money of our country will remain in the country. More than that, what would be effective to deal with inflation would be to speed up the agricultural sector. If we all focus on agriculture and do not favor the agriculture sector, we can overcome inflation to a large extent. Because the most important thing is to bring the arable land under cultivation and manage the people properly in the agricultural work. If people can cultivate agricultural land and produce crops then we can definitely sell them abroad and earn foreign exchange and we can definitely fight inflation a lot.

[Inwestour]

Now a days inflation is so high that a normal man cannot live a life happily so it is important to follow those tips which you have mentioned. I think that a person should overcome the uses of money in those things which is not necessary for living a life.

Inflation cannot be controlled easily but one can overcomes it by applying certain strategies and I think that everyone cannot accept activities to save money because everyone wants a luxury lifestyle. Preparation for all conditions is very necessary so I think that one should be fully prepared for whatever comes in life.

In this case, it turns out that inflation will reduce your level of comfort, or habitual life, since you will have to save more and give up the usual things that have pleased you. In the end, I believe that this will lead to nothing because you will save more, but inflation will also affect these funds not very positively.

That’s for sure, you can’t prepare for everything, but if you have a plan for which you are moving, then your chances of success will increase well. And saving money is worth it without prejudice to you, only while maintaining the usual standard of living, otherwise you will get tired of such savings very quickly.

[Blowon]

invest in gold. I think gold is the most effective way to deal with inflation. the money that we hold now is certain to experience continuous inflation until an undetermined time. even in their down economy, they will not be strong enough to defend against inflation, but if we are smart, set aside our money to buy gold so that in the future there will be savings when inflation is worse on a global scale than this.

[huu78]

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

dont save in fiat money, it only getting worse and worse time by time.
investing is a godd way to avoid inflation, then after get some money you can put it back on investment.

[DrBeer]

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

An interesting attempt, but .. Unfortunately, it will not give an effect, do not be offended.
The problem is that inflation happens for reasons you can't control.
No way. You cannot influence. Well, until you become a super-efficient president / prime minister / finance minister who can build a deficit-free budget for the country.
The problem of inflation lies deeper, and we generate it ourselves The desire to live better, buy more, have guaranteed social "conveniences", earn money on your business. And the state always plays catch-up - there are more pensioners, less productive population, more expenses for everything, less taxes, and the printing of money that is not provided with real goods and services begins.

Yes, and any trading business generates an additional margin - really not secured by anything - the manufacturer sold you, you added to the cost the costs of logistics, storage, rent, salaries to your employees who will RESALE the product. And then they threw another 50% on top to buy a new house next year.

That's all, but in fact there are many more processes that create unsecured money, which is a source of inflation

[ringgo96]

If inflation that occurs only momentarily maybe in the way as you say is very good, but if inflation is in the long run then saving in the form of fiat currency will not help you to overcome it, if you want to face emergencies then our expenses are only for useful needs and do not buy something without long-term interests, And the most important thing to overcome inflation is to invest mainly in the crypto world because it will be a very beneficial future asset to deal with inflation.

[jossiel]

dont save in fiat money, it only getting worse and worse time by time.

You have to save like for emergency funds. You'll never know if you're gonna need some cash so if you think that saving in fiat is useless, you'll still need to use cash for your stuff.

investing is a godd way to avoid inflation, then after get some money you can put it back on investment.

Yes, it's a way to defeat inflation but the choices varies per investor. Not all investments are making money and your choice of investment will be prevail in the nearest future if you chose a good one.

But if not, you need to choose another one again that you're more familiar with so that you can that investment as a hedge against inflation. For people to have an idea, don't go far anymore and I am talking about Bitcoin.

[S A KHAIR]

invest in gold. I think gold is the most effective way to deal with inflation. the money that we hold now is certain to experience continuous inflation until an undetermined time. even in their down economy, they will not be strong enough to defend against inflation, but if we are smart, set aside our money to buy gold so that in the future there will be savings when inflation is worse on a global scale than this.

Gold has always been the perfect choice to deal with inflation for decades, gold is really an asset worth holding. But nowadays, besides gold, we can also think of bitcoin, with the profits that bitcoin generates not only making it easier for us to deal with inflation but can also make us rich even in the inflationary period. I would choose to invest in bitcoin over gold, even though it is not safer than gold.

[flyingcarpet]

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

Your fiat savings are not important for inflation. Since the purchasing power in your region decreases, the value of your money automatically decreases.

Article 3 has no effect on inflation, but when you earn more income, you will be less affected by inflation. Actually, you are indirectly affected, but you don't feel it.

The method you use in point 4 will be very limited and will have no effect.

Your situation may differ in terms of how you invest in item 5.

As a result, it's best to plan ahead and change some of our choices. If we can understand more clearly how the concept of inflation affects us, we will be less affected if we have certain opportunities.

[Litzki1990]

In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.