Inflation is making a mess of my savings.

[EluguHcman]

Op, your topic caught my attention.
Indeed inflation is messing up savings. I have come across some person's from other boards appreciating the inflation recession of the economy downtimes..
They lost in mind that the cause of inflation may earn you big as a trader or an inventor which the same bigger your earnings is the bigger your intolerant and worrisome expenditures on the sectors of goods, services and exchanges.
Moreso, these inflation embracers also lost in mind that inflation would expose you to more responsibilities if you are a breadwinner to your families, friends and of course the society which could ruin your savings and your investment at large because there would be a limited patronages and a setback to your liabilities.

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[xSkylarx]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

The goods that you would be purchasing would have a long expiry date unless it is something like clothes or goods that don't expire. This is a good strategy, but it will take time to sell them, and sometimes they won't. I've been into the clothing business before, but there are really times that I haven't sold items, and when I've closed it down, those items are still here with me even if I post them on social media for sale. You find a good product that most people will buy and make sure it is quality because you can't save the value of your money if you can't sell it.

[rikybrosh]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

The goods that you would be purchasing would have a long expiry date unless it is something like clothes or goods that don't expire. This is a good strategy, but it will take time to sell them, and sometimes they won't. I've been into the clothing business before, but there are really times that I haven't sold items, and when I've closed it down, those items are still here with me even if I post them on social media for sale. You find a good product that most people will buy and make sure it is quality because you can't save the value of your money if you can't sell it.

thank you for sharing your experience and advice, I really appreciate it. I will be more careful in choosing goods to sell, it seems that build our own business is not easy. it is good for me if i get advice from anyone who already have experience in it. after hear your advice, maybe I will try to sell other people's goods just to test if the market is good or not.

[dothebeats]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

The goods that you would be purchasing would have a long expiry date unless it is something like clothes or goods that don't expire. This is a good strategy, but it will take time to sell them, and sometimes they won't. I've been into the clothing business before, but there are really times that I haven't sold items, and when I've closed it down, those items are still here with me even if I post them on social media for sale. You find a good product that most people will buy and make sure it is quality because you can't save the value of your money if you can't sell it.

I have been wondering about this, where do the products that take long to expire go when they are not able to sell? With your explanation, I now understand that it stays with the sellers for as long as they cannot sell it. I'm surprised that even good deals and sales cannot get rid of those products but also understand that because the trend of some designs expires with the interest of consumers some products just remain will the seller for a long time or sometimes even for good. With your response and shared experience, it is emphasized just how important choosing your products is due to the outcome it may receive.

[slapper]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

The goods that you would be purchasing would have a long expiry date unless it is something like clothes or goods that don't expire. This is a good strategy, but it will take time to sell them, and sometimes they won't. I've been into the clothing business before, but there are really times that I haven't sold items, and when I've closed it down, those items are still here with me even if I post them on social media for sale. You find a good product that most people will buy and make sure it is quality because you can't save the value of your money if you can't sell it.

I have been wondering about this, where do the products that take long to expire go when they are not able to sell? With your explanation, I now understand that it stays with the sellers for as long as they cannot sell it. I'm surprised that even good deals and sales cannot get rid of those products but also understand that because the trend of some designs expires with the interest of consumers some products just remain will the seller for a long time or sometimes even for good. With your response and shared experience, it is emphasized just how important choosing your products is due to the outcome it may receive.

You've seen how risky it is to assume the wrong things about what customers desire because unsold goods remain on the market for a long period. The stockrooms of merchants frequently turn into cemeteries for unwanted and obsolete items. These outdated products serve as a sharp reminder of errors, poor judgment, and the final demise of trends

Cultures that did not evolve or make an effort to predict what would happen frequently perished. The effects of a stagnating economy will always be felt by companies that don't understand what their customers want or don't have a good strategy for their products. The true cost includes not just the cost of the unsold goods but also the time, money, and resources that are wasted

[Smack That Ace]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

It depends on the type of commodity you are holding as not every item can maintain its value. Like this year, when inflation, economic difficulties, electronic goods, technology goods depreciated seriously because of poor purchasing power. Moreover, most of today's goods are continuously improving in terms of design and quality year by year, so I don't think converting fiat currency into a commodity is a wise choice. Why don't you convert fiat to inflation-resistant assets like bitcoin or gold?

[Joshapat]

I am trying to save the value of my money by convert it into goods that I can sell, the money value is decrease but the product value is not. but it is so hard to create successful business, now I am still trying to analyze the market so I can optimize any resources that I have for that business. the risk is influence my life so I need to be extra careful.

Converting money to types or products is commonplace, of course not all products can be easily sold, the traditional thing that many people have done when avoiding inflation is to buy gold or silver because these 2 commodities will survive and not be affected by inflation, besides that gold and silver is the easiest commodity to sell, or if we don't want to sell then we can pawn it.