Try to save money while you still can, will you ?

[Lanatsa]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Well if I get you well.your friend work in a company for a decade and suddenly lost the job and his life is negatively affected.hmm..i guess he lacks good financial intelligence,management plan and prudence.this calls to mind the need for proper management of earnings through savings just in case financial emergency arises as in this pitiable case.one can avoid debts and loans if you are disciplined enough to start saving early.this ultimately will keep you off financial stress,cushion against sudden job loss and give you a firm sense of financial freedom.cultivate the habit of savings,you can fall back on it in situations like this until you pick up again.

He indeed lacks planning and he had made himself that too much confident when it comes to money making or just recieving his salary.He had thought that it might already be that forever and didnt mind off the

possibilities that one day you might able to lose it and it did really happen.There are indeed people who did experience out the worst when it comes to this kind of scenario or situation on which you've been
laid off or they do fire you.

There's no such thing about guarantees in life and this is why you should really save up something which is for emergencies something like this or make out investment
while you are still that financially capabled because if time comes like this then you wont really be finding yourself on trouble.

[1714246178]

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[serjent05]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Well if I get you well.your friend work in a company for a decade and suddenly lost the job and his life is negatively affected.hmm..i guess he lacks good financial intelligence,management plan and prudence.this calls to mind the need for proper management of earnings through savings just in case financial emergency arises as in this pitiable case.one can avoid debts and loans if you are disciplined enough to start saving early.this ultimately will keep you off financial stress,cushion against sudden job loss and give you a firm sense of financial freedom.cultivate the habit of savings,you can fall back on it in situations like this until you pick up again.

He indeed lacks planning and he had made himself that too much confident when it comes to money making or just recieving his salary.He had thought that it might already be that forever and didnt mind off the

possibilities that one day you might able to lose it and it did really happen.There are indeed people who did experience out the worst when it comes to this kind of scenario or situation on which you've been
laid off or they do fire you.

There's no such thing about guarantees in life and this is why you should really save up something which is for emergencies something like this or make out investment
while you are still that financially capabled because if time comes like this then you wont really be finding yourself on trouble.

Aside from saving how about investing in insurance company?  Saving is good but if we want to make the best out of our money, I believe getting insurance accordingly is another good way of preparing oneself for the future.

Once these insurance matures, not only we can get our initial money but also the generated profit offered by the insurance plan.  I also heard that insurance profits are tax free.

[_BlackStar]

Aside from saving how about investing in insurance company?  Saving is good but if we want to make the best out of our money, I believe getting insurance accordingly is another good way of preparing oneself for the future.

Once these insurance matures, not only we can get our initial money but also the generated profit offered by the insurance plan.  I also heard that insurance profits are tax free.

Insurance may be considered, but what if you don't have a steady monthly income and how can you withdraw your funds from the insurance company when you are in an urgent situation?

I tend to think it's safe to get my savings budget in gold or maybe at bank account. Gold is an asset that tends to be less big volatile, so it's a good choice if you no longer trust the bank. I know gold also fluctuates, but you can sell it in the amount you need when you need money urgently. Even if the price drops, I don't think your loss will be too big.

[benalexis12]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

What happened to your friend is a difficult situation because the only thing he expects is his job to support and help his family. But even so, it is said that if something is lost, there is definitely a replacement, you just have to look for it and choose it. Of course, as a friend, encourage him and make him feel that God does not neglect him. That's why it's really important that you have savings and the same you should have another sideline or part time income at least, just like here in cryptocurrency start it as a part time income that's what I'm doing here via doing crypto trading even if it's small at least I'm coming in now.

[Unbunplease]

with ever-increasing inflation, money cannot remain unmoving because it is depreciating. So it is wise to find an option to make money work for you. Unfortunately, it is impossible to calculate all risks, so the risk of unsuccessful investment is quite high.

[Dragonfund]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Savings won't make a difference because you'll end up spending less once inflation kicks in. I prefer to invest when I have the opportunity to work in a good environment that pays well. I don't intend to work for anyone or any company for an extended period of time. Instead, I plan to put my money into some good assets and, once I have enough, launch my own business. I believe that with the experience I have gained thus far, I will be able to launch a successful business. Don't forget that inflation is forever, to ovvercome it, start a business instead of saving.

[jossiel]

with ever-increasing inflation, money cannot remain unmoving because it is depreciating. So it is wise to find an option to make money work for you. Unfortunately, it is impossible to calculate all risks, so the risk of unsuccessful investment is quite high.

We can replace calculating risk with assumed calculation and estimation. If we think that our money will be taking a lesser risk with an investment then we should take that path and that little risk is worth to take than our money will be affected by the unmovable inflation which is unstoppable.

The rich does it and despite having a lot of valuation for themselves, they all speak for their assets and portfolio. There could be a lot of cash on them but that's just an excess from the huge assets that they've got.

[Fredomago]

with ever-increasing inflation, money cannot remain unmoving because it is depreciating. So it is wise to find an option to make money work for you. Unfortunately, it is impossible to calculate all risks, so the risk of unsuccessful investment is quite high.

We can replace calculating risk with assumed calculation and estimation. If we think that our money will be taking a lesser risk with an investment then we should take that path and that little risk is worth to take than our money will be affected by the unmovable inflation which is unstoppable.

The rich does it and despite having a lot of valuation for themselves, they all speak for their assets and portfolio. There could be a lot of cash on them but that's just an excess from the huge assets that they've got.

Rich people understand the situation, especially those who are active with financial orientations. They know what they are doing and most of them are doing diversion to protect their interest, they are aiming for other alternatives like investment or any form that will give them the chance to increase the value of their wealth.

You need to work on with your knowledge and find what's fit for you. Inflation is something that you need to fully understand and make your move whenever you already know what will be your next plan.

[FireDAOJackie_Z]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Savings won't make a difference because you'll end up spending less once inflation kicks in. I prefer to invest when I have the opportunity to work in a good environment that pays well. I don't intend to work for anyone or any company for an extended period of time. Instead, I plan to put my money into some good assets and, once I have enough, launch my own business. I believe that with the experience I have gained thus far, I will be able to launch a successful business. Don't forget that inflation is forever, to ovvercome it, start a business instead of saving.

With all due respect, I think what you said are basic theories that are suitable on paper. Savings is always a backup whether you do it for emergency funds or for big expensive purchases. Your preference on investment is good in general but can be very situational and individual. I don't believe anyone is meant for starting a business and to be honest, the chances of having a successful business for most people are too slim. Reality teaches us to be realistic and be prepared for the unforeseen challenges ahead. If you don't have any savings to fall back on, you are more likely to be in my friend's situation.

[Dunamisx]

We all needs money to meet up with the daily demands but not everyone can maintain the habit to save from the little they have for the future, the mistake we made most times is that we have expect things to be running as usual for us since we had it all going well as at that time, but things are not permanent sometimes especially when dealing with money, situations changes but what we have save up will always serve our backup whenever we experience the unexpected.

[xSkylarx]

We all needs money to meet up with the daily demands but not everyone can maintain the habit to save from the little they have for the future, the mistake we made most times is that we have expect things to be running as usual for us since we had it all going well as at that time, but things are not permanent sometimes especially when dealing with money, situations changes but what we have save up will always serve our backup whenever we experience the unexpected.

These are the moments that you think it will last forever like if you are earning enough money right now so your mind is thinking that no need to save as you have that money but when a storm hits in your life like losing a job there are emergencies that needed to pay money then that is the time you realize it is better to save even if it's in sunny days and the truth is that it is easy to save money when everything goes well. Though most of the reason people don't save is that their income is one enough but even saving $1 can save you in the future as long as you save no matter how much.

[jossiel]

We can replace calculating risk with assumed calculation and estimation. If we think that our money will be taking a lesser risk with an investment then we should take that path and that little risk is worth to take than our money will be affected by the unmovable inflation which is unstoppable.

The rich does it and despite having a lot of valuation for themselves, they all speak for their assets and portfolio. There could be a lot of cash on them but that's just an excess from the huge assets that they've got.

Rich people understand the situation, especially those who are active with financial orientations. They know what they are doing and most of them are doing diversion to protect their interest, they are aiming for other alternatives like investment or any form that will give them the chance to increase the value of their wealth.

You need to work on with your knowledge and find what's fit for you. Inflation is something that you need to fully understand and make your move whenever you already know what will be your next plan.

All rich people are aware of that thing and that's one of the reasons why they're financially free and good with handling money.

They know not just to save but also to invest and how to manage their stuff that relates to finances. Majority of the rich people didn't become rich through their luck but all with hard work and because they're also smart.

Learning from them will also give us the tip on how we should make ourselves from point A to point B as if we've got nothing into having something.

[Mauser]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Saving is the best option we have at the moment, times are rough and things could be getting worse this year. The main problem in my country is that inflation is already high and is not going to come down any time soon. That's why it makes no sense at all to save money in a bank account that pays 2% interest, compared to a 10% inflation. The only real option is to invest in stocks or crypto currencies. Losing our job is the worst case scenario and I would try to get government assistance as fast as possible. In my country there are financial schemes to help pay for rent and give other benefits if we can find a new job in 6-12 months. If that isn't an option I would ask my family for financial help.

[iamsange]

With all due respect, I think what you said are basic theories that are suitable on paper. Savings is always a backup whether you do it for emergency funds or for big expensive purchases. Your preference on investment is good in general but can be very situational and individual. I don't believe anyone is meant for starting a business and to be honest, the chances of having a successful business for most people are too slim. Reality teaches us to be realistic and be prepared for the unforeseen challenges ahead. If you don't have any savings to fall back on, you are more likely to be in my friend's situation.

Savings in life is very important for everyone, although everyone has different preferences for this. But for me savings in life can only function for three things, the first is to buy luxury goods that are not cheap and the second is to get back up when someone goes bankrupt from the business he is running and the last is when someone is sick where he does not have to sacrifice his business to do medical treatment or health healing for himself.

And because these three things are things that very often happen in human life, that's why I say that saving is a very good thing for everyone to do to maintain the stability of their life which cannot be predicted with common sense. Your friend is one example that he immediately finds it difficult when he no longer works at a place and that indicates that he did not save money while he was still working and maybe he never thought about how his condition would be if one day he was fired from his job, so he was feeling the consequences of that neglect for now.

[slashz9]

The point is if you are working now you have to save savings for life for at least the next 6 months, so when there is an urgent emergency then you can survive for that time first then think about the next step.
So I will also do the same because it really helps later.

[S A KHAIR]

with ever-increasing inflation, money cannot remain unmoving because it is depreciating. So it is wise to find an option to make money work for you. Unfortunately, it is impossible to calculate all risks, so the risk of unsuccessful investment is quite high.

And then do you get rid of inflation? Do you have financial freedom of your choice? Or are still struggling with the thought of how to make more money because there is no savings. Investment is a solution to increase wealth but it is not simply an investment and profits will always come, investment risks are unpredictable. So saving is necessary as it helps you to have money to invest as well as for emergencies.

[Fredomago]

We can replace calculating risk with assumed calculation and estimation. If we think that our money will be taking a lesser risk with an investment then we should take that path and that little risk is worth to take than our money will be affected by the unmovable inflation which is unstoppable.

The rich does it and despite having a lot of valuation for themselves, they all speak for their assets and portfolio. There could be a lot of cash on them but that's just an excess from the huge assets that they've got.

Rich people understand the situation, especially those who are active with financial orientations. They know what they are doing and most of them are doing diversion to protect their interest, they are aiming for other alternatives like investment or any form that will give them the chance to increase the value of their wealth.

You need to work on with your knowledge and find what's fit for you. Inflation is something that you need to fully understand and make your move whenever you already know what will be your next plan.

All rich people are aware of that thing and that's one of the reasons why they're financially free and good with handling money.

They know not just to save but also to invest and how to manage their stuff that relates to finances. Majority of the rich people didn't become rich through their luck but all with hard work and because they're also smart.

Learning from them will also give us the tip on how we should make ourselves from point A to point B as if we've got nothing into having something.

Majority indeed, they put their focus and time to find the best way to increase and grow their savings, not just an ordinary savings but they find the best way to invest and to make sure that they are working with the right investment, success depends from how they seriously take it and how they look for the right patterns.

If they put their money into business, they are not just put it without doing research and they really taking their time to make sure that they are executing their plans.

[Sarah Azhari]

If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Sorry about your friend, if i were him i will get headaches and don't know what you will do next. But, as today i have a side job like signature campaign, of corse it will not make me too surprise, my week salary $60 is enouh save me, but i don't want to just give up just like that. I will look for a new job and try to recovered my life as much as i can.

[RockBell]

Inflation has really eaten deep into the global economy, so with this, it has become a global issue. The standard of living is increasing seriously everywhere, and your earning can't even keep up with your bills anymore, especially for those who have families to feed and care for. For this reason, you shouldn't put all of your eggs in one basket instead, you should look for different ways to boost your earnings at least it will be of helps you and have at least some savings for emergency purposes.

[visionE2]

With all due respect, I think what you said are basic theories that are suitable on paper. Savings is always a backup whether you do it for emergency funds or for big expensive purchases. Your preference on investment is good in general but can be very situational and individual. I don't believe anyone is meant for starting a business and to be honest, the chances of having a successful business for most people are too slim. Reality teaches us to be realistic and be prepared for the unforeseen challenges ahead. If you don't have any savings to fall back on, you are more likely to be in my friend's situation.

Savings in life is very important for everyone, although everyone has different preferences for this. But for me savings in life can only function for three things, the first is to buy luxury goods that are not cheap and the second is to get back up when someone goes bankrupt from the business he is running and the last is when someone is sick where he does not have to sacrifice his business to do medical treatment or health healing for himself.

And because these three things are things that very often happen in human life, that's why I say that saving is a very good thing for everyone to do to maintain the stability of their life which cannot be predicted with common sense. Your friend is one example that he immediately finds it difficult when he no longer works at a place and that indicates that he did not save money while he was still working and maybe he never thought about how his condition would be if one day he was fired from his job, so he was feeling the consequences of that neglect for now.

If you are good at saving, don't just save money, if the money has been collected, buy an asset that can grow, at least buy gold. Now is the time to invest money to work, not just save it. Money must be kept in circulation to make a profit. If you just keep it as a display and its value drops due to inflation.