Inflation is Poses a Great Challenge for Delayed Gratification

[Fortify]

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?

Some of the effects, like the one that you described are short and fleeting, for example the second hand car market after Covid became red hot because there was such a long lead time on new cars getting delivered when lots of component manufacturers had dropped capacity. That has started to get better now but there are still long lead times on new cars, it will get better eventually. The best thing to do with your money is to try and invest it in these very same companies that are raising prices so much, because their profitability will shoot up in uncertain times. A few companies do it for genuine reasons like supply chain costs increasing, but others are taking advantage and making lots more money while their costs have not gone up much.

[Silberman]

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.

There are countries which had a weak economy to begin with before the pandemic, and when the lockdowns came and the economic activity came to a halt then those countries and their populations began to suffer, and while we may think this is never going to happen at the countries where we live, there is no guarantee that would not be the case, and with this in mind then we need to always be ready and take actions to protect our capital, even if no one around us is doing something to protect themselves from the corrosive effects of inflation.

[Wong Gendheng]

Many people think bad things when inflation occurs, in my opinion as long as inflation is still reasonable which is usually below 10% certainly no problem, the main focus we have to do is to continue to increase the source of income so as not to worry about the inflation that will occur.

[asyakashi]

well, it's very natural if we want to buy dream goods whether it's a necessity or for prestige, but it would be nice to invest first so that at least we have a backup if the money we have runs out and we don't have to worry about inflation. Inflation must indeed be faced like it or not, it must occur as long as paper money is still in circulation. we must be prepared with reality if we have to face it.

[tjtonmoy]

Only money can bring you more money. But it is only possible when you invest it in order to grow it more. When you keep your money as a saving, over time with inflation, the value of your money will decrease (price of products will increase). Inflation will happen no matter what. So we can not prevent it. But if we use the money in a right way to make it worth more, only then we can tackle the inflation problem.
Or we could stop using something that has unlimited supply and move to something that has limited supply. This can ensure no more inflation. We are in a system and we are bound by its rules. But the system itself is corrupted. 

[slapper]

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.

Honest to goodness: Cryptocurrency is Spider-Man to our financial Peter Parker. Bitcoin? It's like playing a game of chess with strict guidelines and no room for whimsy on the part of the government or the banking system. Putting your faith in "Decentralisation" is like committing your wealth to a devoted dragon, protecting it from the sneaky Goblin of inflation.

Keep in mind that your primary motivation shouldn't be financial gain. Your hard-earned possessions will be protected in this safe haven. Sure, getting started in crypto may be compared to breaking a ferocious stallion. It's a breathless rodeo ride once you're up on the horse, though.

[Mario Yamasaki]

Inflation is of course a serious problem, for those who have a steady income, for example office workers or laborers, they will look for everything to survive, in my country people work 1 month only enough for a month, if they are late in receiving their salary they will be in debt, this is what makes We must always think creatively so as not to be affected when inflation occurs.

[Semar Mesem]

Inflation and complicated economic problems are now causing Argentina to go bankrupt. Previously, there was the Sri Lankan state which was bankrupt and experiencing serious and difficult economic problems to solve. It is time for strong countries like Europe and the USA to immediately help resolve inflation in Argentina before the human tragedy gets worse.

[SirLancelot]

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.

Well, actually, some fiat investments are always super profitable in times of inflation, such as real estate. As inflation increases in a country, the prices of properties tend to increase as well as a part of the inflation that catches every sector. So a person who has invested their fiat into real estate will be in great profit when inflation starts increasing.

Just like real estate, the price of gold also tends to increase when there is inflation because it is a commodity, and prices of commodities increase when there is an increment in inflation within a country.

[Silberman]

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.

Well, actually, some fiat investments are always super profitable in times of inflation, such as real estate. As inflation increases in a country, the prices of properties tend to increase as well as a part of the inflation that catches every sector. So a person who has invested their fiat into real estate will be in great profit when inflation starts increasing.

Just like real estate, the price of gold also tends to increase when there is inflation because it is a commodity, and prices of commodities increase when there is an increment in inflation within a country.

It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.

[sana54210]

It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.

That's the biggest trouble plus we are talking about a big investment for most people, and even though almost all houses have owners, it is not easy to sell a house neither. It takes time, if you want to sell bitcoin then you open up your exchange and sell it, that's it, maximum of 10 minutes, I am so used to it by now that I can do it under 1 minute.

But when you want to sell a house, first you put it on the market, then a realtor contacts you, then you gave the realtor right to sell it, then they find you a buyer in god knows how long time, then you end up with something more and more and more on paperwork, and then you sell it and get the money. As you can see, this may take as much as many months before you can do that, my parents sold their house in 17 months for example, that's the issue.

[Silberman]

It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.

That's the biggest trouble plus we are talking about a big investment for most people, and even though almost all houses have owners, it is not easy to sell a house neither. It takes time, if you want to sell bitcoin then you open up your exchange and sell it, that's it, maximum of 10 minutes, I am so used to it by now that I can do it under 1 minute.

But when you want to sell a house, first you put it on the market, then a realtor contacts you, then you gave the realtor right to sell it, then they find you a buyer in god knows how long time, then you end up with something more and more and more on paperwork, and then you sell it and get the money. As you can see, this may take as much as many months before you can do that, my parents sold their house in 17 months for example, that's the issue.

I know what you mean as my parents went through the same kind of trouble when they tried to sell their house, and if it is difficult to sell a house under normal circumstances then it is easy to imagine how difficult it could be to sell a house when there is a economic crisis going on, so bitcoin is a great option not only because it is portable, impossible to detect and a store of value, but under those difficult circumstances it is likely people would love to accept bitcoin and even give you a discount when buying what you want.