Salary is not making people poor.... Inflation is

[Akbarkoe]

In the country where I live, inflation is constantly high, but until last year I was able to receive huge increases in my part-time job. The employer saw that I was working well, so the bonuses from this part-time job covered all price posts due to inflation. But this year, my salary has barely been increased. I immediately realized that if this continues, I will live solely on my investments in cryptocurrencies. I've been ready for this for a long time because I'm investing in DCA and I'm not worried about losing my part-time job at all. After all, it's wonderful to be financially independent. There would also be ways to withdraw money tax-free... but these are my dreams.

Earning money from investing depends on how much money you get from there, investing in crypto is always not easy especially since we always have bearish and bullish seasons which in bearish times are very difficult to talk to if we have been doing DCA for a long time, Bitcoin also does not provide dividends which you will get annual money from a company, investing in crypto on average from capital gains, so there must be a limit if you quit your job and use your investment as living capital.

The best way in high inflation countries is to have a salary that is higher than inflation itself and of course not saved in your local currency, some of it should be in the form of productive assets, such as property that you can rent out, and you get extra monthly money from it.

[BRINIRHA]

Earning money from investing depends on how much money you get from there, investing in crypto is always not easy especially since we always have bearish and bullish seasons which in bearish times are very difficult to talk to if we have been doing DCA for a long time, Bitcoin also does not provide dividends which you will get annual money from a company, investing in crypto on average from capital gains, so there must be a limit if you quit your job and use your investment as living capital.

Because the count of bitcoin profits cannot be felt every day but when we are there for the long term then this could open ourselves up to feeling financial freedom according to what is always talked about in almost every year.
Being in bitcoin will be very difficult if we force profits every month or get dividends every year because the context is not like that but if you try to hold a little longer like in 1 halving period then it allows the benefits we get to be felt (if we sell our ownership in bitcoin).

So it is not wrong that most investors always say if you want to be in bitcoin then at least the money must really not be used for a certain period of time because if you force yourself to buy bitcoin with daily needs then it is certain that you will not get anything because the expected profits will be eroded by the needs of life that make you actually sell even though we are in a loss.

[eightdots]

In the country where I live, inflation is constantly high, but until last year I was able to receive huge increases in my part-time job. The employer saw that I was working well, so the bonuses from this part-time job covered all price posts due to inflation. But this year, my salary has barely been increased. I immediately realized that if this continues, I will live solely on my investments in cryptocurrencies. I've been ready for this for a long time because I'm investing in DCA and I'm not worried about losing my part-time job at all. After all, it's wonderful to be financially independent. There would also be ways to withdraw money tax-free... but these are my dreams.

Earning money from investing depends on how much money you get from there, investing in crypto is always not easy especially since we always have bearish and bullish seasons which in bearish times are very difficult to talk to if we have been doing DCA for a long time, Bitcoin also does not provide dividends which you will get annual money from a company, investing in crypto on average from capital gains, so there must be a limit if you quit your job and use your investment as living capital.

The best way in high inflation countries is to have a salary that is higher than inflation itself and of course not saved in your local currency, some of it should be in the form of productive assets, such as property that you can rent out, and you get extra monthly money from it.

DCA method is viable and beneficial if you have the financial strength to wait. Doing DCA during downturns is difficult because even if you try to accumulate, your investment will lose value, and this isn't good for it to continue. If you have the financial capacity to wait, DCA is always an advantageous investment method, and you'll reap the rewards when prices rise.

Additional income is needed to combat inflation. Unless you have a high salary, a fixed salary loses value against inflation. Finding a high-paying job isn't easy, but jobs that provide additional income can be found. The impact of inflation is more pronounced in some countries, so some people are affected more.

[passwordnow]

I've seen that comparison, it's true that the older ones can afford to have a house before with that lesser salary. But this time, even with 3x of the salary that people have, it won't even be enough to pay all of it. Thanks to inflation, things have gotten more expensive and even the middle class people can no longer afford things to be owned at these expensive rates. One salary isn't enough anymore.

I agree that inflation causes house prices to rise, but blaming inflation entirely is not completely accurate. Inflation is only part of the story.
Housing prices also rise because real estate is a limited supply asset, construction costs keep climbing, and speculation in the market pushes prices higher.
In particular, as the population continues to grow while the supply of land and housing is limited, rising home prices over time are almost inevitable.

Similarly, sharp increases in the prices of other goods are often driven by supply and demand imbalances, not simply inflation.

That's right, there are other factors like the growing population and the scarcity of land where the property is standing. So, it all comes up with several factors that makes the properties too expensive. It's sad that it's not only happening to one country but with several countries as well that deals with this problem of housing that becomes too expensive that the requirements for those who likes to mortgage it should have a high wage and likely 2-3 jobs.

[Rengga Jati]

Human Resource do consider inflation when recommending salary adjustments, but in countries were inflation level rises very high, employers can hardly make any suitable adjustments. It is what it is, and the companies themselves are also affected by the same inflation, so it is more a reflection of the economic situation more than anything else.

I'm one of those who lives in a county with high inflation.

Here, it seems, in general, there are no salary adjustments.

In essence:
Inflation is happening—all the prices of necessities are skyrocketing—but salaries remain the same.

How miserable it is to live in a country like this. We are forced to make do with conditions that are actually very difficult. This is why I am so fortunate to know and be in the crypto industry, which helps me manage my finances much better. But on the other hand, there are many complaints. Just yesterday, my country officially announced a very high percentage increase in fuel prices for certain types of gasoline.

[Akbarkoe]

Earning money from investing depends on how much money you get from there, investing in crypto is always not easy especially since we always have bearish and bullish seasons which in bearish times are very difficult to talk to if we have been doing DCA for a long time, Bitcoin also does not provide dividends which you will get annual money from a company, investing in crypto on average from capital gains, so there must be a limit if you quit your job and use your investment as living capital.

Because the count of bitcoin profits cannot be felt every day but when we are there for the long term then this could open ourselves up to feeling financial freedom according to what is always talked about in almost every year.
Being in bitcoin will be very difficult if we force profits every month or get dividends every year because the context is not like that but if you try to hold a little longer like in 1 halving period then it allows the benefits we get to be felt (if we sell our ownership in bitcoin).

So it is not wrong that most investors always say if you want to be in bitcoin then at least the money must really not be used for a certain period of time because if you force yourself to buy bitcoin with daily needs then it is certain that you will not get anything because the expected profits will be eroded by the needs of life that make you actually sell even though we are in a loss.

Yas so we invest in bitcoin now, must be able to measure ourselves, financial sanity is very important.

Sometimes what makes us poor is not only influenced by investment, the most common thing that happens is because of excessive needs from income, most people who become poor always have this activity.

Earning money from investing depends on how much money you get from there, investing in crypto is always not easy especially since we always have bearish and bullish seasons which in bearish times are very difficult to talk to if we have been doing DCA for a long time, Bitcoin also does not provide dividends which you will get annual money from a company, investing in crypto on average from capital gains, so there must be a limit if you quit your job and use your investment as living capital.

The best way in high inflation countries is to have a salary that is higher than inflation itself and of course not saved in your local currency, some of it should be in the form of productive assets, such as property that you can rent out, and you get extra monthly money from it.

DCA method is viable and beneficial if you have the financial strength to wait. Doing DCA during downturns is difficult because even if you try to accumulate, your investment will lose value, and this isn't good for it to continue. If you have the financial capacity to wait, DCA is always an advantageous investment method, and you'll reap the rewards when prices rise.

Additional income is needed to combat inflation. Unless you have a high salary, a fixed salary loses value against inflation. Finding a high-paying job isn't easy, but jobs that provide additional income can be found. The impact of inflation is more pronounced in some countries, so some people are affected more.

Indirectly that income must always be available from any direction either from a salary at your main or side job when you have an investment in bitcoin, and that is our strength to keep holding the bitcoin owned, especially the accumulation of bitcoin that has not been done long enough like 4 years back for example, living from bitcoin investment is difficult in my opinion for now, unless you are a long time investor who does DCA bitcoin from the price of $10k and below and you have a lot of bitcoin in your wallet, then already measure the expenses you will spend on your life until old, so you can retire early, and that's called living from investment results.

[Cryptoprincess101]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

Of course, salary growth alone cannot create wealth because at the end of the day you will just end up living like an average person. What creates wealth is having different sustainable investments and how do you achieve this? it's by saving part of your salary till it reaches a substantial amount. It is true that inflation has eaten the economy such that our salaries are no longer enough since the more we earn, the more we spend the money due to increase in the price of goods and commodities. What has made many people become poor is financial dependency. Many people just want to work for others without having the creativity to start their own business and investment.

[MarjorieZimmermanGinger]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

There are many issues arising from fiat currencies continuing to lose value and many factors may influence this situation. When someone is trapped in a poor financial situation, preventative measures are needed to minimize the risk of a much worse life. A salary doesn't create wealth, but with a salary someone can build financial freedom by utilizing various methods, such as running a business or investing. Not everyone has the same opportunities, but everyone has the same chance if they want to build financial freedom. It's not about fast or slow what's needed is consistency.

If we realize that fiat currencies continue to lose value and inflation will continue to be a problem in the future, preventative measures are needed to be better prepared for such situations. When an investment opportunity presents itself, focus on doing it well. If we understand business build it even if we have to start small. This is how we can gradually achieve financial freedom if done correctly and consistently.

[ndutndut]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

There are many issues arising from fiat currencies continuing to lose value and many factors may influence this situation. When someone is trapped in a poor financial situation, preventative measures are needed to minimize the risk of a much worse life. A salary doesn't create wealth, but with a salary someone can build financial freedom by utilizing various methods, such as running a business or investing. Not everyone has the same opportunities, but everyone has the same chance if they want to build financial freedom. It's not about fast or slow what's needed is consistency.

If we realize that fiat currencies continue to lose value and inflation will continue to be a problem in the future, preventative measures are needed to be better prepared for such situations. When an investment opportunity presents itself, focus on doing it well. If we understand business build it even if we have to start small. This is how we can gradually achieve financial freedom if done correctly and consistently.

Yes. We must have that mindset. A salary is merely a means of survival not a tool for building wealth. A salary provides cash flow but to achieve future wealth it must be built with assets that generate future value and that can only be achieved by investing in scarce assets like Bitcoin or by building a business.

Because inflation is inevitable if we simply keep our money in the bank, we must as you said, seize the opportunity to invest regardless of income. Opportunities vary due to differences in background, access to capital and networks, but the opportunities to start are relatively the same in today digital age. However, information, tools and global markets are now much more open than they were a few decades ago. So, while inflation will create poverty with a salary we can combat inflation by investing in assets that can combat inflation.

[BRINIRHA]

Because the count of bitcoin profits cannot be felt every day but when we are there for the long term then this could open ourselves up to feeling financial freedom according to what is always talked about in almost every year.
Being in bitcoin will be very difficult if we force profits every month or get dividends every year because the context is not like that but if you try to hold a little longer like in 1 halving period then it allows the benefits we get to be felt (if we sell our ownership in bitcoin).

So it is not wrong that most investors always say if you want to be in bitcoin then at least the money must really not be used for a certain period of time because if you force yourself to buy bitcoin with daily needs then it is certain that you will not get anything because the expected profits will be eroded by the needs of life that make you actually sell even though we are in a loss.

Yas so we invest in bitcoin now, must be able to measure ourselves, financial sanity is very important.

Sometimes what makes us poor is not only influenced by investment, the most common thing that happens is because of excessive needs from income, most people who become poor always have this activity.

That's the point.  Sometimes we always feel that investment will remain a priority but don't pay attention to the financial conditions we have even though this is also important because we don't want to focus too much on the long term but forget about the short term, which makes us fail in both.

Investing can be good when we can measure ourselves in various aspects including income and expenses but on the one hand too focused on investing and forgetting the need to live until you have money back can also be a mistake because your investment can be disrupted when you are too focused on investing and forgetting the conditions we live in life.

In order for this situation not to happen we need to manage our financial condition well and have a measure so that our living needs are not disturbed while our investment runs well.

[Etranger]

I'm the one who lives in a county with high inflation.

Here, it seems, in general, there are no salary adjustments.

In essence:
Inflation is happening—all the prices of necessities are skyrocketing—but salaries remain the same.

How miserable it is to live in a country like this. We are forced to make do with conditions that are actually very difficult. This is why I am so fortunate to know and be in the crypto industry, which helps me manage my finances much better. But on the other hand, there are many complaints. Just yesterday, my country officially announced a very high percentage increase in fuel prices for certain types of gasoline.

I understand you very well; I live in the exact same conditions, plus there has been a war in my country for 4.5 years now. You can imagine the state of the economy, especially considering that even before the war, our salaries were low, and compared to EU countries, extremely low. The only possibility to live decently (speaking of honest means) is to earn in dollars or euros, because the national currency is highly unstable and unreliable.

[MarjorieZimmermanGinger]

Yes. We must have that mindset. A salary is merely a means of survival not a tool for building wealth. A salary provides cash flow but to achieve future wealth it must be built with assets that generate future value and that can only be achieved by investing in scarce assets like Bitcoin or by building a business.

Because inflation is inevitable if we simply keep our money in the bank, we must as you said, seize the opportunity to invest regardless of income. Opportunities vary due to differences in background, access to capital and networks, but the opportunities to start are relatively the same in today digital age. However, information, tools and global markets are now much more open than they were a few decades ago. So, while inflation will create poverty with a salary we can combat inflation by investing in assets that can combat inflation.

When we realize this will happen, we must take steps to prepare so that our lives don't cause problems later. Everyone hopes for a better life, but not everyone has a clear plan for how to take it, which only makes things more difficult. Fiat currencies have always had problems, so keeping money in the current situation is unwise. If we don't learn to build financial freedom now, our lives will be much more complicated in the future. Basic necessities continue to rise and prices skyrocket, while our salaries are insufficient. If we aren't prepared, life will only become more difficult.

Situations like this are what encourage us to look for potential investment sources so that the salary we get at work can be used to build financial freedom through investment and business because without us realizing it, life continues to experience bad conditions if we are not prepared properly regarding finances, especially for those of us who will later get married and have children.

[Fakhrulenclix]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

Of course, salary growth alone cannot create wealth because at the end of the day you will just end up living like an average person. What creates wealth is having different sustainable investments and how do you achieve this? it's by saving part of your salary till it reaches a substantial amount. It is true that inflation has eaten the economy such that our salaries are no longer enough since the more we earn, the more we spend the money due to increase in the price of goods and commodities. What has made many people become poor is financial dependency. Many people just want to work for others without having the creativity to start their own business and investment.

Sometimes it's all because of coercion and I don't blame someone if there is someone in that position because it must be admitted that building a business or investment to get additional income is not an easy thing, it requires hard work and also consistency so that those of us who are aware of this must be able to do it slowly and consistently for the future.

[slapper]

Yes. We must have that mindset. A salary is merely a means of survival not a tool for building wealth. A salary provides cash flow but to achieve future wealth it must be built with assets that generate future value and that can only be achieved by investing in scarce assets like Bitcoin or by building a business.

Because inflation is inevitable if we simply keep our money in the bank, we must as you said, seize the opportunity to invest regardless of income. Opportunities vary due to differences in background, access to capital and networks, but the opportunities to start are relatively the same in today digital age. However, information, tools and global markets are now much more open than they were a few decades ago. So, while inflation will create poverty with a salary we can combat inflation by investing in assets that can combat inflation.

When we realize this will happen, we must take steps to prepare so that our lives don't cause problems later. Everyone hopes for a better life, but not everyone has a clear plan for how to take it, which only makes things more difficult. Fiat currencies have always had problems, so keeping money in the current situation is unwise. If we don't learn to build financial freedom now, our lives will be much more complicated in the future. Basic necessities continue to rise and prices skyrocket, while our salaries are insufficient. If we aren't prepared, life will only become more difficult.

Situations like this are what encourage us to look for potential investment sources so that the salary we get at work can be used to build financial freedom through investment and business because without us realizing it, life continues to experience bad conditions if we are not prepared properly regarding finances, especially for those of us who will later get married and have children.

Access is real now, yes. You can buy fractional Bitcoin from a phone that cost $150. Twenty years ago this  doesn't exist. However, if there is no context to the access, then it is simply exposure. And exposure without discipline is how people buy tops and sell bottoms. And then come to the conclusion that "investing doesn't work". What failed was that there wasn't any approach to sitting in discomfort with no visible action from your portfolio for 2 years.

Which relates to what you said about fiat becoming worthless. Because the same impatience that keeps people in depreciating cash is the same impatience that makes them terrible investors. The problem is bi-directional. Short-term thinking. A failure to tolerate a bad thing at the present moment in order to obtain a better thing later.