Inflation is Poses a Great Challenge for Delayed Gratification

[southerngentuk]

Inflation can erode the value of money stored in traditional savings accounts as the purchasing power of that money diminishes over time. So investing your savings in assets that generate real returns can be a strategy to combat the effects of inflation and potentially increase your wealth. For example, holding assets such as foreign currency, gold, or long-term investments can help preserve assets and provide a hedge against currency devaluation. As long as you understand the nature and potential benefits that go hand in hand and make smarter decisions, this is just a gentle test of this stressful life.

[1714222114]

1714222114

[Quidat]

Inflation can erode the value of money stored in traditional savings accounts as the purchasing power of that money diminishes over time. So investing your savings in assets that generate real returns can be a strategy to combat the effects of inflation and potentially increase your wealth. For example, holding assets such as foreign currency, gold, or long-term investments can help preserve assets and provide a hedge against currency devaluation. As long as you understand the nature and potential benefits that go hand in hand and make smarter decisions, this is just a gentle test of this stressful life.

This is why its never been recommendable on letting those fiat sit idle on your savings account for too long, unless if those amounts are really just that intended for emergency
purposes then it wont really be that much of an issue but if those are really that intended on buying on something, then its never been worth on doing so.
Wise people would really be tending to make use of these funds into something more worth or would really be able to generate up some income which it would really be just
normal that they would really be putting or taking up some risks on making investment or having business just for them to have the chance on earning more.
Not all would really be having that kind of risks appetite but i would say that if you do want to fasten up yourself on achieving financial freedom or adding more income
then you would be needing to take up the risks.

[blockman]

Inflation can erode the value of money stored in traditional savings accounts as the purchasing power of that money diminishes over time. So investing your savings in assets that generate real returns can be a strategy to combat the effects of inflation and potentially increase your wealth. For example, holding assets such as foreign currency, gold, or long-term investments can help preserve assets and provide a hedge against currency devaluation.

Don't forget about investing in Bitcoin is one of the best hedges against inflation and many people do forget about it. It's already in front of them but they choose to ignore it.

As long as you understand the nature and potential benefits that go hand in hand and make smarter decisions, this is just a gentle test of this stressful life.

Can't agree more. It truly is one of the challenges that we have to deal with in this stressful life. You'll have to think of necessary things like investing and having a delayed gratification approach for your monetary decisions because with inflation, everything is going up but most of the salaries don't go up.

[iphone5s]

Inflation can make it difficult to save money for future purchases and goals. As an inflation rates increase, the value of money decreases over time, making it for individuals to save. This can lead people being more likely to spend money now rather than save for the future. It is important that delayed gratification can still be beneficial in the future. To combat inflation is to invest our savings in an assets that have historically outpaced inflation such as real states or stocks. We should also be mindful and have self control for us to be prepared to delay impulsive spending.

Everyone has differences in the economy that occurs when inflation is running. there are people who endure lifestyle or expenses that are not needed at the time but there are some people who can't stand all this and spend money to relieve their stress.

I don't really feel the impact of inflation because my use of money is very minimal. I always buy necessities not for what is in style or to be resold in the future unless it's an asset to invest in like crypto and gold. yeah that makes me a little calm in dealing with inflation. It looks like I don't have a lot of money but it also keeps me from being affected by inflation.

You are one of those people who might be able to manage finances and turn off your lifestyle for the next life. This cannot be done by everyone because the principles of people are always different in the future. But if you have been through all the bad things and it will be easy for you if it happens again or something bad happens

[el kaka22]

It should be exactly the opposite, if inflation exists, do not delay gratification because you need it right away. However, bitcoin has been disappointing during this period, since inflation is still going on I was assuming that bitcoin would go on getting higher a bit more.

I understand that fed interest rates made some people focus on a bit more towards savings and not bitcoin, but this is not fiat, we should have kept it going as much as we can and that should have been the move forward for bitcoin. I understand that some people wanted to get out, but we shouldn't have gone down as much as 16k, that was too much and it should have been prevented as much as possible. The fact that it is not prevented and the price dropped is a bit disappointing.

[jrrsparkles]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

You didn't understand the process completely especially the inflation part so basically we should not save the money in piggy bank so a year later we buy the item we wanted, it's really important to invest the saved money into something so let's say 15K for 4 years in tenure then with ROI of 8 to 10% even compounded and let the value grown near 20K.

But don't give up because you managed to save money for the 4 years to achieve the goal which is the first step of attaining financial stability I mean the Discipline. then save and invest and let the returns and compounding to do the works.

[Lanatsa]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

You didn't understand the process completely especially the inflation part so basically we should not save the money in piggy bank so a year later we buy the item we wanted, it's really important to invest the saved money into something so let's say 15K for 4 years in tenure then with ROI of 8 to 10% even compounded and let the value grown near 20K.

But don't give up because you managed to save money for the 4 years to achieve the goal which is the first step of attaining financial stability I mean the Discipline. then save and invest and let the returns and compounding to do the works.

You should really be that wise when taking up such step because we know that once you do get that kind of formula and wont really be just making yourself sit still and do make out some actions then you would

really be able to make that 15k savings to be on the works and would potentially be able to make more and just been said about compounding profits then it would really be able to possibly reach out on what you do wanted since you are earning via those investments or businesses that you had made out.Somewhat its never been that simpler considering that we would really be needing to face up some risks on which it would really be just that normal because if you wont take risks then you wont gain something.

It would be always a big challenge for us because we are really that aiming for something and this is why it would really be that normal that you should need to do such step if you do tend to pursue your
dreams on buying something specially a car that of your choice or really you hoped for. Cant really be able to avoid on the effects of inflation is really that inevitable
but if you  do really know on how to play out with your funds and wise on how to make it roll, then you cant really feel that much in speaking to this.

[DrBeer]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

Unfortunately, inflation, a process accompanying the financial model, is almost always, with rare exceptions...
Inflation is neither good nor bad, it is natural for the state financial system, where there are subsidized, unproductive, unprofitable directions.
As you understand, the state is responsible for all citizens of the country, and in fact it is FORCED to generate inflation.
Plus, the number of global crises and tragedies like Covid-19 and the terrorist war in Ukraine, and then the economic terror of the EU, launched by Russia in 2014-2022, is still huge.
All this forces governments and countries to take not very popular but forced steps that lead to the depreciation of the money supply.

But there is a solution, for those cookies there is a sufficient amount of money or a desire to save them. It's a diversified portfolio: it's local currency, it's US dollars, it's EURO, it's Swiss franc, it's gold, it's crypto,...

with this approach, inflationary losses will either be minimized, or in general you will receive additional profit within the accumulation period.

[lizarder]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

Is this dream balanced with the economic forces that you are facing right now and from all the stories you have told, you have saved a lot of money for the car purchase target you want. How is it possible for the price of the car to go up so fast in a short time, is there a condition where the car you want is everyone's dream car, so that the car goes up so fast because it is influenced by increasing market demand

I do not try to suggest that you put the money you have in Bitcoin, but try to count systematically that when you put money in Bitcoin by saving it as a fiat currency more profitable where. When your calculation decision goes well, that's where you will find the answer to postpone the desire to buy the car and there is a solution that you can take later.

[Reid]

So, it took you 4 years before you bought your dream car? And you didn't expect that the price would soar that high? It's a good learning point of your life, I think. Nothing stays the same. Everything will change especially if it's something that is on demand.
Cars, house and lot, food, and necessities. All of this will keep on rising while our population is also growing. It's good that you learn it as early as you can in your life because you will use that on your future decision.
When you start a family and in need of a gas stove, will you buy it now or wait for the price to go down? Decision: Buy now because those items are also increasing in value. Metals and other necessity for creating it do not grow like plants, they will soon be depleted.

[Silberman]

So, it took you 4 years before you bought your dream car? And you didn't expect that the price would soar that high? It's a good learning point of your life, I think. Nothing stays the same. Everything will change especially if it's something that is on demand.
Cars, house and lot, food, and necessities. All of this will keep on rising while our population is also growing. It's good that you learn it as early as you can in your life because you will use that on your future decision.
When you start a family and in need of a gas stove, will you buy it now or wait for the price to go down? Decision: Buy now because those items are also increasing in value. Metals and other necessity for creating it do not grow like plants, they will soon be depleted.

That is one option, another option is to invest in a good asset which can beat inflation, like bitcoin, and then use a part of that money to buy what you want, and while this will require waiting for several years, depending where we are on the bitcoin cycle, at the same time this is a nice way to buy whatever you want as even if the price of what you want goes up your bitcoin will go up in value too, and on average it should take you less bitcoin to buy what you want in the future than if you bought it now.

[molsewid]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

Yes this inflation really sucks and I agreed to you, before my salary is not only enough but has some money being left but now I need to do 2 jobs for me to feed my family because living in a 3rd world plus inflation really hits so hard, the salary here doesn't increase sometimes I can't even buy small things because I need to spend it to other things so even I will save some money there's already something planned to buy with it.

[Paul Pogba]

Many people complain about inflation, if we want to think then inflation is something that always happens, the best strategy is to increase income or find other sources of income so that we can fight inflation, without good income then we will get used to blaming anything.

[bbigtart]

I happened to go to SMK (Vocational High School) and learned a little about inflation in Economics.

When I was at work, I saved diligently, but I kept thinking about inflation, I was tired of saving for a long time, uh, the value of money went down because of inflation and the prices of all things went up so fast. the same as in the case of you wanting to buy a dream car, if I want to buy a motorbike from my savings but not enough to buy it because prices continue to rise due to inflation.

But now I am grateful that after reading a lot through the internet and this forum, I have learned a lot about the problem of inflation and my choice to fight inflation is to save bitcoin (buy bitcoins and save for the future).

Many of my friends sneered at my choice but I still believed in my choice. Thankful that after a few months the price of the bitcoin that I kept rose from the price I bought it, even though I only held bitcoin for a few months, I was already benefiting from bitcoin. Now I'm starting to buy back bitcoins DCA I think of as saving.

[jaberwock]

Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

Yes this inflation really sucks and I agreed to you, before my salary is not only enough but has some money being left but now I need to do 2 jobs for me to feed my family because living in a 3rd world plus inflation really hits so hard, the salary here doesn't increase sometimes I can't even buy small things because I need to spend it to other things so even I will save some money there's already something planned to buy with it.

Why not migrate in another country that has a better salary rate? I know lots of people living in a poorer country are doing that but some are die-hard about their place so they just accept their faith. They can still do something like what you are doing there, which is to find another job and there are still times where the government can increase the salary of the workers.

If possible, maybe you need to talk to your family about this matter, tell them that we need to budget whether in eating, or consuming electricity and water. That should help us a little and maybe that's the time that you can save and buy that thing you want. You need to reward your self sometimes.

[19Nov16]

Inflation is a thing that will continue to happen and be repeated, inflation certainly has a positive side because it makes money circulation faster because people have to spend more money for needs, with inflation sometimes we will think to be more creative, usually there are 2 ways we do it, namely saving and increase income, with these 2 things we can avoid economic difficulties due to inflation.

[Silberman]

Inflation is a thing that will continue to happen and be repeated, inflation certainly has a positive side because it makes money circulation faster because people have to spend more money for needs, with inflation sometimes we will think to be more creative, usually there are 2 ways we do it, namely saving and increase income, with these 2 things we can avoid economic difficulties due to inflation.

I disagree, this is just the excuse governments have created in order to hide the fact they are effectively stealing your wealth each time they print more currency without anything to back it up, they are trying to spin things in a positive light so people simply assume that this is how things are supposed to work, and this is not true, besides if governments lose control of the inflation, as it seems this is the case, this can affect people negatively as then the price of everything goes up while your salary remains the same.

[Negotiation]

For delayed gratification the main cause of inflation is the increase in the amount of money in the current banking system, these transactions are done with the help of loans created by banks. If this debt can be reduced, the total amount of money in circulation can be reduced and inflation can be controlled. For this purpose the central bank uses monetary policy to control the money supply to control inflation and increase savings. Also, if short-term measures are taken, the decision to take loans from multilateral institutions provides an opportunity to rethink the growth strategy through multi pronged reform programs.

[YinShuiSiYuan]

I happened to go to SMK (Vocational High School) and learned a little about inflation in Economics.

When I was at work, I saved diligently, but I kept thinking about inflation, I was tired of saving for a long time, uh, the value of money went down because of inflation and the prices of all things went up so fast. the same as in the case of you wanting to buy a dream car, if I want to buy a motorbike from my savings but not enough to buy it because prices continue to rise due to inflation.

But now I am grateful that after reading a lot through the internet and this forum, I have learned a lot about the problem of inflation and my choice to fight inflation is to save bitcoin (buy bitcoins and save for the future).

Many of my friends sneered at my choice but I still believed in my choice. Thankful that after a few months the price of the bitcoin that I kept rose from the price I bought it, even though I only held bitcoin for a few months, I was already benefiting from bitcoin. Now I'm starting to buy back bitcoins DCA I think of as saving.

You have a good example with current economic crisis which is not limited to just one country its a world crisis if you want to save your money in that than go for some sensible options invest your money in stocks or bitcoin so you should get profit and you can use your money however you want .
Saving money can't be beneficial nowadays because of continous devaluation of currency .

[FanEagle]

It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.