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

[Wend]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

[1714846758]

1714846758

[posi]

Inflation have hit hard around the world. Everything have increased in the price, but the income haven't got raised. The ongoing war have caused severe need of oil and gas. When the demand for oil and gas increases, it directly reflects on the daily needs price increase. We don't know what happens next minute. We need to have a mindset to prepare for the worst, only then we can stay effective with our plans and increase savings lowering the unwanted expenses.

In addition to increasing savings, we need to find other incomes by working overtime, investing...Because if we focus only on saving, it will not solve problems like daily rising commodity prices and worsening inflation. Saving is a good thing to do, but it does not mean that excessive saving affects health. As we all know, health is the primary basis for creating money, so don't be too frugal but think about your health. Be saving with life's useless things, and don't be frugal with your health.

[bestcoins1]

In addition to increasing savings, we need to find other incomes by working overtime, investing...Because if we focus only on saving, it will not solve problems like daily rising commodity prices and worsening inflation. Saving is a good thing to do, but it does not mean that excessive saving affects health. As we all know, health is the primary basis for creating money, so don't be too frugal but think about your health. Be saving with life's useless things, and don't be frugal with your health.

I also agree more on the point of saving for things that are not useful in life, but not for health problems because the evidence is very clear that those who are sick must lie in bed hoping that health can come to them soon so they can go back to work to make money like usually. And actually saving is also an effort to save money even though everyone doesn't have to be satisfied with that alone, because everyone still needs to find other income so that they can save more.

And also must have the courage within himself to open a business or investment in order to be able to face the difficulties caused by global inflation and recession. Because everyone will be better off if they want to depend on income through their work, not on their savings because savings are money that will be used when someone needs money quickly in life.

[Rabata]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

Risks exist in investment, if one takes the risk then an opportunity will be created. If some one is not willing to take any risk then he can save money through monthly savings. But inflation is rising, saving fiat money is one kind of loss. If a small portion of the income is invested in Bitcoin every month, it can bring a good amount of profit. But it will totally depend on what a person wants to do. Personally I am enthusiastic about investing in Bitcoin with my little amount of savings.

[Alpha Marine]

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

A lot o people who work do not believe in the idea of investing. They believe they can just save for the rainy day or save for retirement.
With the rate at which inflation is increasing, it is really not advisable to just save. I know everybody needs savings, but a part of that savings we're making should be used for investments.
Investment is risky, it is simpler to just save the money, but if we always go for the simpler options we will never get what want.
Investing can never be overestimated. Without investment we can never attain financial freedom. No matter how much you make frome the job you do, you need to invest in other for you to grow. 

[Maslate]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

Risks exist in investment, if one takes the risk then an opportunity will be created. If some one is not willing to take any risk then he can save money through monthly savings. But inflation is rising, saving fiat money is one kind of loss. If a small portion of the income is invested in Bitcoin every month, it can bring a good amount of profit. But it will totally depend on what a person wants to do. Personally I am enthusiastic about investing in Bitcoin with my little amount of savings.

Investing and saving at the same time might be tough especially if you're in a difficult situation but that is very advisable as we don't know what will be the upcoming challenges that we will face in the future. For the friend of OP's situation, he surely have enough time to invest, diversify and save for whatever is in the future as he was in the job for more than 1 decade but unfortunately, he haven't gave any thought about it as he was blinded by the situation where he always met every ends need and forgot that any job is just a temporary one, so we need to have some opening to make an income on the sidelines.

[Uruhara]

Inflation have hit hard around the world. Everything have increased in the price, but the income haven't got raised. The ongoing war have caused severe need of oil and gas. When the demand for oil and gas increases, it directly reflects on the daily needs price increase. We don't know what happens next minute. We need to have a mindset to prepare for the worst, only then we can stay effective with our plans and increase savings lowering the unwanted expenses.

Having early preparations is a step that must be taken to make us always ready for what will happen in the future. Having a reserve fund and continuing to save money by not spending too much money on things that we don't really need will definitely be very helpful in our efforts to save more money. But saving in fiat is certainly better for us to avoid because inflation will continue every year and make the value of our currency continue to decline. so that the purchasing power of the money automatically decreases. Saving in gold I think is the most suitable idea. or investing our savings is also something we can do. at least we should be able to increase the amount and value of the assets we keep.

[Wend]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

Risks exist in investment, if one takes the risk then an opportunity will be created. If some one is not willing to take any risk then he can save money through monthly savings. But inflation is rising, saving fiat money is one kind of loss. If a small portion of the income is invested in Bitcoin every month, it can bring a good amount of profit. But it will totally depend on what a person wants to do. Personally I am enthusiastic about investing in Bitcoin with my little amount of savings.

Investing in bitcoin is a risky investment because of its extreme volatility. If someone is not willing to take risks to get big rewards, it is possible to invest in gold, it is very safe and can help us avoid inflation because of its stability. I think we should stay away from fiat, and not save all our money in fiat because the value will be lost very quickly and terribly. I also prefer bitcoin to gold because of its benefits, but always be diverse because nothing is certain about the future of bitcoin.

[capedbaldy]

Investing in bitcoin is a risky investment because of its extreme volatility. If someone is not willing to take risks to get big rewards, it is possible to invest in gold, it is very safe and can help us avoid inflation because of its stability. I think we should stay away from fiat, and not save all our money in fiat because the value will be lost very quickly and terribly. I also prefer bitcoin to gold because of its benefits, but always be diverse because nothing is certain about the future of bitcoin.

We have a high probability of investing in bitcoin during the current bear market conditions, I hope the target price of 20k-22k will come soon to increase my portfolio assets, so investing is not a bad choice in terms of volatility if you are patient to buy BTC at low prices and you can share some funds for gold investment due to passive profits in the annual term.

Do an analysis to buy bitcoin using the DCA strategy because the price of bitcoin is unpredictable, so make sure you always save the investment funds to buy bitcoin gradually and focus on buying at low prices.

[Mahanton]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

I totally agree with you, just saving will not help us have a prosperous life because of inflation, prices increase yearly, and the currency depreciates, so saving has no effect anymore. Instead, we should invest and accumulate in deflationary assets like gold, real estate, or bitcoin. Only in this way can we deal with the fact that goods are increasing day by day due to inflation. But saving should take precedence over investment, I mean we should have a savings for life before thinking of investment because investment also has certain risks.

Risks exist in investment, if one takes the risk then an opportunity will be created. If some one is not willing to take any risk then he can save money through monthly savings. But inflation is rising, saving fiat money is one kind of loss. If a small portion of the income is invested in Bitcoin every month, it can bring a good amount of profit. But it will totally depend on what a person wants to do. Personally I am enthusiastic about investing in Bitcoin with my little amount of savings.

Investing in bitcoin is a risky investment because of its extreme volatility. If someone is not willing to take risks to get big rewards, it is possible to invest in gold, it is very safe and can help us avoid inflation because of its stability. I think we should stay away from fiat, and not save all our money in fiat because the value will be lost very quickly and terribly. I also prefer bitcoin to gold because of its benefits, but always be diverse because nothing is certain about the future of bitcoin.

Whether you would be investing into stocks or real estates, it wouldn't still guarantee you on making profits or would having that positive outcome because everything is unpredictable.There are lots of factors
which would affect out profitability on whatever investments you would really be dealing into. Speaking about savings then it would really be basing up on someones preference and opportunity on doing so.
There are ones who do mind on having savings and there are ones who are really that wont be able to do so because of lots of expenses and priorities in life. Even myself does have that kind of struggle when it comes to savings on which it would really be just that normal that you would prioritize over things which it would really be that hard for you to set aside or extra out of your income specially if you are
really just that earning sufficient then you wouldn't really be having that kind of opportunity on saving up some spare for future purposes but as much as i can, im really that doing my best because there are
moments in life on which it would really be that hard for you to face up some emergencies and you dont have money.

[Theones]

That is the consequence that when we don't have savings, we inevitably have to do anything,
as long as there is a desire and keep trying I think it will have results later,
besides that it is also necessary to learn to be innovative and creative in opening a business.

Apart from having to be innovative and creative in opening a business, another thing that the business owner still needs to see is the opportunity through a strategic environment so that sales in the business can increase sharply. Because the business owner needs to see what sells best in the environment so he can provide it when a customer orders from him.

This means that business owners need to make their place of business as comfortable as possible with the appearance that is as innovative as possible and also the best possible service to all customers so that they are always interested in coming to our place. This is a very wise strategy in developing a business because in addition to being creative in attracting customers, business owners must also be able to provide more attractive and satisfying services to their customers.

owner needs to keep an eye on all aspect of business to gain benifit.
Financial literacy is one big aspect for sure

[xSkylarx]

Investing in bitcoin is a risky investment because of its extreme volatility. If someone is not willing to take risks to get big rewards, it is possible to invest in gold, it is very safe and can help us avoid inflation because of its stability. I think we should stay away from fiat, and not save all our money in fiat because the value will be lost very quickly and terribly. I also prefer bitcoin to gold because of its benefits, but always be diverse because nothing is certain about the future of bitcoin.

We have a high probability of investing in bitcoin during the current bear market conditions, I hope the target price of 20k-22k will come soon to increase my portfolio assets, so investing is not a bad choice in terms of volatility if you are patient to buy BTC at low prices and you can share some funds for gold investment due to passive profits in the annual term.

Do an analysis to buy bitcoin using the DCA strategy because the price of bitcoin is unpredictable, so make sure you always save the investment funds to buy bitcoin gradually and focus on buying at low prices.

the problem with waiting game like the price of bitcoin went to 22k and you will purchase that is that you will be left out I mean that if that never happened what will you do ? That is why others take an analysis before concluding on where to buy because there are times that the bitcoin start pumping and you dont know where to buy that is why others also of they can afford to buy now then they will buy as they are also looking for holding it for long period of time

[BRINIRHA]

Inflation have hit hard around the world. Everything have increased in the price, but the income haven't got raised. The ongoing war have caused severe need of oil and gas. When the demand for oil and gas increases, it directly reflects on the daily needs price increase. We don't know what happens next minute. We need to have a mindset to prepare for the worst, only then we can stay effective with our plans and increase savings lowering the unwanted expenses.

Pandemics, wars, excessive currency printing and many other things can make the economic crisis worse and continue to occur in a sustainable manner. Surges in the prices of basic necessities, scarcity of gas and oil or other energy resources are also other triggers that usually occur as a result of the impact of a conflict or war between countries. as happened in Russia vs Ukraine. And maybe people also forget that the scarcity of fuel oil and so on is not only caused by war but because there is a policy by a country that imposes economic sanctions on a country. or also because of the failure to establish cooperation between one country and another or something like that.

When all that happened, it was not easy for anyone to avoid the economic crisis. but regarding inflation actually all of that is more about the post-pandemic impact. like because a country prints currency to avoid a recession that occurs during a pandemic due to people being restricted in their activities due to quarantine to avoid spreading the virus. So people started to lose their livelihood which made it difficult for them to make money. so that the government distributes financial assistance to the public to spend. this is done so that the economic cycle continues and does not experience a stalemate that can lead to a recession.

However, after the pandemic was over, it turned out that there was too much money circulating in the community and caused the value of the currency itself to decline and inflation occurred because prices were also driven up due to various reasons. either because of higher demand from consumers and limited production stocks that can be sold by producers. because we know when a pandemic occurred many factories stopped operating. so do not be surprised if when the pandemic is over, the needs of people who have returned to increase are difficult to fulfill because not all of the factories that were closed have reopened.

[mamesso]

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 ?

He was able to stay in one job for a decade, being able to stay in the same company for a long time showed he was well paid. After he lost his job his life immediately changed, this shows he has no savings after working for so long. I don't want to blame your friend for the problem he is currently facing, but he has forgotten one thing in his life, namely saving part of his salary.

No one can predict the cycle of life, that's why savings are really needed as an alternative that can lighten your burden when you lose your job. Other people are only able to help as much as they can, the rest they can only provide moral support for your survival.

[Uruhara]

Investing in bitcoin is a risky investment because of its extreme volatility. If someone is not willing to take risks to get big rewards, it is possible to invest in gold, it is very safe and can help us avoid inflation because of its stability. I think we should stay away from fiat, and not save all our money in fiat because the value will be lost very quickly and terribly. I also prefer bitcoin to gold because of its benefits, but always be diverse because nothing is certain about the future of bitcoin.

We have a high probability of investing in bitcoin during the current bear market conditions, I hope the target price of 20k-22k will come soon to increase my portfolio assets, so investing is not a bad choice in terms of volatility if you are patient to buy BTC at low prices and you can share some funds for gold investment due to passive profits in the annual term.

Do an analysis to buy bitcoin using the DCA strategy because the price of bitcoin is unpredictable, so make sure you always save the investment funds to buy bitcoin gradually and focus on buying at low prices.

Investing in bitcoin for the long term can indeed be expected to bring quite a lot of profit. But in the short term it is not good enough because high volatility can make someone who is not familiar with the crypto market mentally depressed. because investing in bitcoin does require patience and the way to accumulate it is indeed better by not being in a hurry and using the DCA method which is the most recommended.

But talking about saving or saving our assets so that their value is maintained, saving in gold is the right choice. and especially if it is for the long term. Because gold is an asset that is resistant to inflation.

[slapper]

Inflation have hit hard around the world. Everything have increased in the price, but the income haven't got raised. The ongoing war have caused severe need of oil and gas. When the demand for oil and gas increases, it directly reflects on the daily needs price increase. We don't know what happens next minute. We need to have a mindset to prepare for the worst, only then we can stay effective with our plans and increase savings lowering the unwanted expenses.

Pandemics, wars, excessive currency printing and many other things can make the economic crisis worse and continue to occur in a sustainable manner. Surges in the prices of basic necessities, scarcity of gas and oil or other energy resources are also other triggers that usually occur as a result of the impact of a conflict or war between countries. as happened in Russia vs Ukraine. And maybe people also forget that the scarcity of fuel oil and so on is not only caused by war but because there is a policy by a country that imposes economic sanctions on a country. or also because of the failure to establish cooperation between one country and another or something like that.

When all that happened, it was not easy for anyone to avoid the economic crisis. but regarding inflation actually all of that is more about the post-pandemic impact. like because a country prints currency to avoid a recession that occurs during a pandemic due to people being restricted in their activities due to quarantine to avoid spreading the virus. So people started to lose their livelihood which made it difficult for them to make money. so that the government distributes financial assistance to the public to spend. this is done so that the economic cycle continues and does not experience a stalemate that can lead to a recession.

However, after the pandemic was over, it turned out that there was too much money circulating in the community and caused the value of the currency itself to decline and inflation occurred because prices were also driven up due to various reasons. either because of higher demand from consumers and limited production stocks that can be sold by producers. because we know when a pandemic occurred many factories stopped operating. so do not be surprised if when the pandemic is over, the needs of people who have returned to increase are difficult to fulfill because not all of the factories that were closed have reopened.

Well, you've struck a chord! Inflation's become an uninvited squatter in our global financial backyard, with price tags doing the cha-cha and wages doing the limbo. This suffocating squeeze is being jazzed up by geopolitical tiffs and the 'musical chairs' situation of our supply chains - especially for VIPs like oil and gas. As a tech junkie with a knack for number-crunching, Bitcoin and its crypto-buddies seem like a light at the end of this tunnel.

Ponder this - these digital darlings aren't puppeteered by Uncle Sam or any of his global counterparts, making them potentially immune to the flu of inflation. Caveat - crypto is a wild roller-coaster ride with plenty of loops, so buckle up! But remember, a rainbow of investments may be the way forward, and crypto is one color in that spectrum.

Covid-crashed economies, money printers on overdrive, more moolah chasing fewer goodies - welcome to the Inflation Olympics! As we nurse economies back to health, brainstorming savvy strategies to kick this inflation menace in the pants is key, perhaps with a pinch of tight-fisted monetary policies and a dollop of tech wizardry.

[ShowOff]

We have a high probability of investing in bitcoin during the current bear market conditions, I hope the target price of 20k-22k will come soon to increase my portfolio assets, so investing is not a bad choice in terms of volatility if you are patient to buy BTC at low prices and you can share some funds for gold investment due to passive profits in the annual term.

But I don't think your hopes will ever come true because it's still very possible bitcoin won't drop that low ahead of the halving. I agree there is potential for a downside of between $22k - $23k before the end of the year, but given that there is good resistance to boosting demand then prices are likely to head higher.

Even during SEC FUD against Binance, bitcoin price was still able to recover after yesterday's dump. Today bitcoin price has again broken through $27.2k in the last 1 hour so don't get your hopes up $20k coming that fast and you should consider buying with DCA for the average low.

[robattfield]

Providing guidance, support, and resources regarding money management and investing can be extremely valuable. You can consider investing, besides saving, as a good approach to potentially increasing their wealth and mitigating the effects of inflation over time. But it's still risky if you really don't understand it. You need to be smart and have the right savings policies to increase your potential for long-term financial stability and growth. These are helpful resources that can help you make informed decisions about your financial future.

[phantailaptopbl]

Supporting your friend during this difficult time is very important, both emotionally and by providing information and assistance. It's important to save money while you still can, especially given the rising cost of living and the potential for unexpected challenges in life. I understand that your friend recently lost his job, and it can be tough. In such situations, it is important to prioritize immediate financial needs, reduce unnecessary expenses, and seek other alternative sources of income if deemed necessary.

if u invest in share market and real-estate is not given profit and gave security  would having that positive outcome because everything is unpredictable. There are lots of factors which would affect out profitability on whatever investments you would really be dealing into. Speaking about savings then it would really be basing up on someone's preference and opportunity on doing so. 

[ringgo96]

Providing guidance, support, and resources regarding money management and investing can be extremely valuable. You can consider investing, besides saving, as a good approach to potentially increasing their wealth and mitigating the effects of inflation over time. But it's still risky if you really don't understand it. You need to be smart and have the right savings policies to increase your potential for long-term financial stability and growth. These are helpful resources that can help you make informed decisions about your financial future.

In addition to saving now, investing is a very important thing for us to do in order to face difficult times for us to face in the future, some people do not consider investing they only rely on their savings even though investing is a more important savings and can be an increase in value when the price increases, as you say give guidance, Support is something that is urgently needed in order to reduce the impact of inflation but some people still ignore the problem.