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

[puloweh555]

A salary that used to receive 200 dollars years ago had a high chance of becoming rich if the same economic system was being sustained, saying this sounds ridiculous to you because you have become used to the fact that such an amount of money is not valuable enough to make anyone rich just by earning it monthly but why has this become our reality today? It is simply because of the inflation. Depending on salary wasn't supposed to make people poor but the inflation has made salary earners look like a joke. In countries where the economy is stable salary earners are actually living comfortably and also being able to what they want.

That's why the impact of inflation is very real in our lives. The value of money 20 years ago is very different from the value of money today and Bitcoin was created to address this problem. By investing in Bitcoin we can fight inflation because Bitcoin is designed to be a store of value and can achieve financial freedom which is very very different from fiat currency whose system has been flawed for a long time.

Inflation is indeed the main reason why a salary that felt big in the past now seems very small. This all happens because the prices of goods and services keep rising, so purchasing power keeps eroding. As a result, people who rely solely on their salary struggle to save let alone build wealth. Essentially, what I want to say is that if you can't manage inflation well in your life and only depend on your salary, it usually makes it easy for you to fall into poverty.

[ChocolateBitcoinK]

Most types of activity are salaried employment, not entrepreneurship. And people who receive a salary can and should live decently. They are doing what they are good at, what they are professionals in. Therefore, their lives should be appropriate as well. But inflation does not just make this unattainable; it also creates the false impression that earning a lot and achieving financial well-being is only possible if you run your own business. That salaried work will never lead you to a decent life. And that is not true. If a person's calling is to be a teacher, a musician, or a doctor, why should they abandon this and remake themselves into a businessperson?

I think the main issue is that salary itself is not the problem, but the problem is when inflation keeps reducing what that salary can actually buy and it’s annoying the current cost of living and at same time so many people can’t survive depending entirely on one salary can become risky when the cost of living keeps rising faster than income and that is why I fell like having a save box, investing, and having additional sources of income can help not because everyone needs to become a business owner, but because people need some protection against economic instability.

This is the biggest reality today, we could manage everything as comfortably as before with our salary, now it is not possible. Our salary is the same, the number of products in the market we need is the same, but we are now unable to buy the same amount of products with the same amount of money, and this is inflation, the price of everything is constantly increasing, but our income is not increasing. And to survive in this reality, we have to find more alternative ways of income. We cannot control inflation, but we have to find ways to survive well in the midst of inflation by increasing our income. And at the same time, we have to create our financial situation in such a way that if any sudden problem of expenditure or income arises, it does not create a big problem for you.

[Berry2d]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

[Obulis]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

Very simple motion! "Inflation is making people poorer, reduces purchasing power by devaluing our money every day and forcing people to suffer". Inflation is an enemy to all. Inflation can make a simple life hardest and a rich life poor. When inflation is mixed with poor mindset that is poor poorer poorest. These is because even without inflation, poor mindset remains a breakdown or roadblock or setback... But when coupled with inflation, that's end of discussion.

[icebar]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

If someone does not have the ability to do business, then the only way to survive is to get a job. Even if you do a job, you can survive well, but not everyone has that kind of skill. Not everyone gets that opportunity. Moreover, there are a small number of people who have changed their lives through jobs. But in most cases, it is seen that those who have done business have benefited the most. Limited income is not a problem if there was no inflation, but at present, the inflation rate is increasing, which is why it may be a problem tomorrow for those who are able to live normally with the money from their jobs today. Moreover, there is no guarantee that a job is permanent, but if someone can establish a business, then he can not only benefit from that business for his time but also for his next generation.

[Etranger]

This is the biggest reality today, we could manage everything as comfortably as before with our salary, now it is not possible. Our salary is the same, the number of products in the market we need is the same, but we are now unable to buy the same amount of products with the same amount of money, and this is inflation, the price of everything is constantly increasing, but our income is not increasing. And to survive in this reality, we have to find more alternative ways of income. We cannot control inflation, but we have to find ways to survive well in the midst of inflation by increasing our income. And at the same time, we have to create our financial situation in such a way that if any sudden problem of expenditure or income arises, it does not create a big problem for you.

The amount of required products and, accordingly, expenses do not remain the same. After all, we enter different phases of life; new responsibilities appear, and with them, new demands and needs. How can expenses stay at the same level when you have a child? Yet the job remains the same, with the same salary. And it's lucky if you don't even drop out of the work process due to childcare. Under these conditions, it is simply impossible to keep up with inflation because it eats away at your income on its own, while at the same time, expenses are growing at a huge rate.

[Tongley]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

Yes you are right and I agree with you. Inflation will increase with time but what we have to do is try to find more sources of income or increase our income. If a person does not have the experience or educational qualifications to do something, then he must do a low-paying job and try to do something else along with this job so that he can increase his income and the inflation time does not have such a big impact on him.

Job is never a good idea to become rich but business is the best idea. Every person's goal should be business and if at the beginning if you do not have any experience to start a business then definitely learn from somewhere and gain experience and then start.

[liasbaa]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

If someone does not have the ability to do business, then the only way to survive is to get a job. Even if you do a job, you can survive well, but not everyone has that kind of skill. Not everyone gets that opportunity. Moreover, there are a small number of people who have changed their lives through jobs. But in most cases, it is seen that those who have done business have benefited the most. Limited income is not a problem if there was no inflation, but at present, the inflation rate is increasing, which is why it may be a problem tomorrow for those who are able to live normally with the money from their jobs today. Moreover, there is no guarantee that a job is permanent, but if someone can establish a business, then he can not only benefit from that business for his time but also for his next generation.

To improve your financial situation quickly, starting a business will be one of the best decisions compared to job. I used the word fast but it is not really that fast. I used this word to mean that getting rich through business is relatively faster than getting rich through job. There are very few employees with high salaries, especially those who are more skilled in the job market get higher salaries, but those who are less and medium skilled get lower salaries. If you can manage a business with determination and discipline, it will not take long to become rich. I think that within 10-12 years, a businessman can reach a strong position financially.

People with less skills tend to do job under others or those who lack sufficient capital. If you consider your next generation, starting a business is better than working because the business organization you leave behind will be more develop by the next generation.

[Antotena]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

This is clearly subjective, it doesn't apply in all countries. What do you have to say for a country that has 25% interest rate and still struggle to pay $45 per month for citizens minimum wage. This is even the minimum wage on paper, the one in reality is worse and there is no person that can stand up for employers. Imagine a teacher been pay as low as $25 - $30 in some private primary schools and you think inflation is the only problem affecting salaries.

I will agree for countries that have better pay jobs and pay good salaries in this situations than people that can't even use their salary to afford basic amenities and pay their bills. The countries that has low employment rate may even have low inflation rate compared to other countries that has high inflation with low salary range and to make it worse, if they have high corruption practices, the employers will just be breathing but they may not be leaving life.

[Itz-prisigold]

Yes you are right and I agree with you. Inflation will increase with time but what we have to do is try to find more sources of income or increase our income. If a person does not have the experience or educational qualifications to do something, then he must do a low-paying job and try to do something else along with this job so that he can increase his income and the inflation time does not have such a big impact on him.

Job is never a good idea to become rich but business is the best idea. Every person's goal should be business and if at the beginning if you do not have any experience to start a business then definitely learn from somewhere and gain experience and then start.

All what you said is true, but I think another important factor that everyone often don't pay attention to is that even if a person works hard to increase his or her income that will not still solve everything.  When an individual start earning more money that person will likewise increase their spending habit because they feel their income has gone up, and when a person start spending more inflation can still put them under pressure.

So it's not all about increasing your income,  what really matters is what you are going to do with the extra money you earn.  Instead of increasing your spending habit, it makes more sense to use the extra money for savings, learn a skill or better still invest with that money for the future.

[ImGenius]

If a person salary remains the same but the prices of everyday things continue to increase, then this reduces the purchasing power of things. Due to this, a person has to face financial difficulties, just as today there is money but things do not come as they should, due to which he becomes a victim of financial pressure. This creates a little difficulty in a person's life. This also emphasizes that a person's life does not depend only on his salary, but on how many things he can buy with it. When inflation increases, a person with a salary also faces difficulties.

Not only this , let's say your inflation rate is 8-10% each year. But your salary increment is very little or less than 10%, then just your salary number is increasing day by day, but actually the life you are leading is not improving. Also your cost of living is just increase day by day.

A minimum 20% salary increase can save you from this suffering, IMO. Grocery price hike is also normal, not every season you get the same vegetable at the same price, and if the syndicate adds on top of it, life gets miserable for this person. I would advise not lowering your value to the company by selling yourself short. There is always an option to start your own business. So gather some initial fund and be strong.

[Iranus]

To improve your financial situation quickly, starting a business will be one of the best decisions compared to job. I used the word fast but it is not really that fast. I used this word to mean that getting rich through business is relatively faster than getting rich through job. There are very few employees with high salaries, especially those who are more skilled in the job market get higher salaries, but those who are less and medium skilled get lower salaries. If you can manage a business with determination and discipline, it will not take long to become rich. I think that within 10-12 years, a businessman can reach a strong position financially.

People with less skills tend to do job under others or those who lack sufficient capital. If you consider your next generation, starting a business is better than working because the business organization you leave behind will be more develop by the next generation.

No doubt business can grow your wealth faster than a job in many cases. But the way you guys talk, sounds like business is easy and just doing it means you'll succeed automatically.

You know how many businesses go bankrupt every month, every year? How many out there struggling right now cause of high inflation? If business really is the best path to fix your finances, why do you guys know that so well but still choose a job over starting one?

If you wanna improve your finances, focus on improving yourself and finding a job that fits your skills and situation. Don't just force yourself into business when you don't even know much about it.

[Johnlomape]

If a person salary remains the same but the prices of everyday things continue to increase, then this reduces the purchasing power of things. Due to this, a person has to face financial difficulties, just as today there is money but things do not come as they should, due to which he becomes a victim of financial pressure. This creates a little difficulty in a person's life. This also emphasizes that a person's life does not depend only on his salary, but on how many things he can buy with it. When inflation increases, a person with a salary also faces difficulties.

Not only this , let's say your inflation rate is 8-10% each year. But your salary increment is very little or less than 10%, then just your salary number is increasing day by day, but actually the life you are leading is not improving. Also your cost of living is just increase day by day.

Inflation is affecting every aspect of our economy so it will be difficult for salary earners to live a comfortable life due to how price increment has affected everything we buy with money like food, housing, transportation, fuel and cooking gas, labourer and many more I can not mention. If their is increment of 50% salary it won't still solve the problem that have affected everything we solve with money to have a balanced life.

A minimum 20% salary increase can save you from this suffering, IMO. Grocery price hike is also normal, not every season you get the same vegetable at the same price, and if the syndicate adds on top of it, life gets miserable for this person. I would advise not lowering your value to the company by selling yourself short. There is always an option to start your own business. So gather some initial fund and be strong.

Do you mean can not save because 20% can never compliment the hike in price of everything we are involving ourselves.
Apart from groceries, your feeding must be affected, clothing affected, house rent affected, water and everything that involves home appliances are all affected and the 20% increment in salary will not solve any problem at all.

[Halifat]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

Very simple motion! "Inflation is making people poorer, reduces purchasing power by devaluing our money every day and forcing people to suffer". Inflation is an enemy to all. Inflation can make a simple life hardest and a rich life poor. When inflation is mixed with poor mindset that is poor poorer poorest. These is because even without inflation, poor mindset remains a breakdown or roadblock or setback... But when coupled with inflation, that's end of discussion.

Inflation destroy human being silently because people will notice you on how you are making money, but inside you, you will know that it is not enough because now matter how big it, it still done cover all your needs. Devalue of money brings a lot of challenges for the citizens and up to this moment that is what we are suffering from. The poor mindset also contribute mentality, this alone make us to sit and forget about standing up for herself, actually we know the situation we are facing now is not easy, I mean globally because take a look at how crude oil has turned into, the current war is making life difficult for us which I pray they should be able to fix those things fast.

[BItcoin Guy@]

If someone does not have the ability to do business, then the only way to survive is to get a job. Even if you do a job, you can survive well, but not everyone has that kind of skill. Not everyone gets that opportunity. Moreover, there are a small number of people who have changed their lives through jobs. But in most cases, it is seen that those who have done business have benefited the most. Limited income is not a problem if there was no inflation, but at present, the inflation rate is increasing, which is why it may be a problem tomorrow for those who are able to live normally with the money from their jobs today. Moreover, there is no guarantee that a job is permanent, but if someone can establish a business, then he can not only benefit from that business for his time but also for his next generation.

They have many others that are interested to do business, but because they are not financially stable, but to grow your self, you need to have a job and start to get some little capital to start a business, and later you can become wealth when the business go well for you.

Salary earners always get the opportunity to take care of there self and do many things they need, and when you want your life to be more better, you need to start to invest, since some salary doesn’t used to enough for some workers, they look for side hustle to double their funds to take care of there self.

Inflation is one of the most things make salary earners always complain that the money they receive doesn’t always enough, is because of the price of goods, and we just need to works smart and used funds that we have to makes it a ways of getting more money.

[Umulala-alala]

Yes inflation stands as the reason why many salary earners finds it difficult meeting up to expectations to an extent but we must not also write off salary jobs because the same way inflation plays its role, is also the same way salary jobs does it's own as well.
If not for the fact that most times we get involved in salary jobs because of lack of starting power,  I would have said we need not to get involved in salary jobs especially those with a lower salary.  I spent over 3 good years in a construction site as a skilled personnel but ended up with just feeding myself and family within that specific period on service but a friend of mine that went straight into business is miles away from me now because he used this same three years to build his business.

There are salary jobs we need not to work for in a long time, let it just be a starting power for us i mean a low paying job. I was also doing one before that i have to leave it after a short time and start up a small business which has more helpful that the previous the job i was doing. If you depend on that low salary job for a long time you won't achieve anything in this life, infact a time will come that it won't be enough for your feeding because of inflation because salary will just remain the same while price of things continue to increase, it will only be better to stick on a well paying job for a long time since it will be able to take care of things you everly needed.

[LUCKMCFLY]

Inflation destroy human being silently because people will notice you on how you are making money, but inside you, you will know that it is not enough because now matter how big it, it still done cover all your needs. Devalue of money brings a lot of challenges for the citizens and up to this moment that is what we are suffering from. The poor mindset also contribute mentality, this alone make us to sit and forget about standing up for herself, actually we know the situation we are facing now is not easy, I mean globally because take a look at how crude oil has turned into, the current war is making life difficult for us which I pray they should be able to fix those things fast.

In my case, I live in a country with rampant inflation. For me, there's no real solution here—the only option left is dollarization. However, I have Colombia right next door, and it's worth noting that the dollar has been losing a lot of value against the Colombian peso. This significantly reduces the quality of life you can achieve, because even with dollars, which are considered a very strong currency, the math just isn't very favorable right now.

Even in Colombia, right on the border with Venezuela, economic losses have caused many businesses to close down. Some have gone bankrupt, and others are facing an unprecedented unemployment rate, simply due to how heavily the value of money is being manipulated.

The root problem will always be governments with their absurd policies. What should be done? To protect yourself, as I've often said, the best plan against inflation is to have a two-part strategy: a solid DCA plan for BTC, and a dual setup with a stablecoin as an emergency fund, all while you try to survive on fiat for utilities, services, and basic day-to-day needs.

Take advantage of any loan or credit you can get to develop a business that generates income, while simultaneously scaling up your DCA into BTC.

[B-BossMan]

If someone does not have the ability to do business, then the only way to survive is to get a job. Even if you do a job, you can survive well, but not everyone has that kind of skill. Not everyone gets that opportunity. Moreover, there are a small number of people who have changed their lives through jobs. But in most cases, it is seen that those who have done business have benefited the most. Limited income is not a problem if there was no inflation, but at present, the inflation rate is increasing, which is why it may be a problem tomorrow for those who are able to live normally with the money from their jobs today. Moreover, there is no guarantee that a job is permanent, but if someone can establish a business, then he can not only benefit from that business for his time but also for his next generation.

They have many others that are interested to do business, but because they are not financially stable, but to grow your self, you need to have a job and start to get some little capital to start a business, and later you can become wealth when the business go well for you.

Salary earners always get the opportunity to take care of there self and do many things they need, and when you want your life to be more better, you need to start to invest, since some salary doesn’t used to enough for some workers, they look for side hustle to double their funds to take care of there self.

Inflation is one of the most things make salary earners always complain that the money they receive doesn’t always enough, is because of the price of goods, and we just need to works smart and used funds that we have to makes it a ways of getting more money.

Dude at times what make some of us survive stronger is either business or Salary, and salary actually builds some people's foundation at the basics level, but where the bigger problems ai are, what are your plans when receiving the salary, because how you handle it matters alots, I know many people that are earning a very huge amounts of money today and looks pity before the month ends, it all due to poor financial planning. That's why we need to make make financial disciplines very relevant, having a small skills business aside or having a smooth investment going brings more additional incomes, but all these are being built with long-term patience, building it gradually and avoid anything that would put you into unnecessary costs.

If we are to talk about inflation, it also makes our life plans difficult to achieve a little because goods of price can changes higher than expected, the goal should be making an improvement to our source of income and and set aside emergency funds for any unexpected expenses in the future.

[Abiky]

In my case, I live in a country with rampant inflation. For me, there's no real solution here—the only option left is dollarization. However, I have Colombia right next door, and it's worth noting that the dollar has been losing a lot of value against the Colombian peso. This significantly reduces the quality of life you can achieve, because even with dollars, which are considered a very strong currency, the math just isn't very favorable right now.

Even in Colombia, right on the border with Venezuela, economic losses have caused many businesses to close down. Some have gone bankrupt, and others are facing an unprecedented unemployment rate, simply due to how heavily the value of money is being manipulated.

The root problem will always be governments with their absurd policies. What should be done? To protect yourself, as I've often said, the best plan against inflation is to have a two-part strategy: a solid DCA plan for BTC, and a dual setup with a stablecoin as an emergency fund, all while you try to survive on fiat for utilities, services, and basic day-to-day needs.

Take advantage of any loan or credit you can get to develop a business that generates income, while simultaneously scaling up your DCA into BTC.

Dollarization? What about Bitcoinization? It's much better than plain-old Fiat, anyways. Even with the volatlity. A currency like the USD is destined to failure. It will weaken itself over the long term. The only thing making it strong is the high oil prices. It will be all over once the dust settles. I've read of many people living in undeveloped countries using BTC as an "escape route" against inflation. People from Venezuela, all the way to El Salvador, and Argentina.

Adopting Bitcoin as the main currency for goods and/or services makes sense. Colombia would win if it decides to do this. Or it can adopt both the USD and BTC for peace of mind. Either way, inflation is inevitable. Wages take some time to keep up with the rising pace of inflation. It's best to minimize spending and improve saving/investing habits to fight inflation as much as possible. You'll thank me later.

[fruktik]

In normal countries, where social guarantees are not just empty words, inflation is still handled differently. Of course, the poorer segments of the population always feel it in a more critical sense, their standard of living changes drastically, and it is much harder for them to recover from such a state later on. But the wealthier population doesn't turn a blind eye to it either. Businesses notice inflation because they lose customers and find it harder to cope with tax obligations. It's just that in developed countries, inflation is a controlled process with an emphasis on human dignity. But in post-Soviet ones, it is a way to profit off others.

To be honest, I can barely keep up with the financial demands of maintaining a halfway decent standard of living. Inflation is driving prices up so fast that I’m actually considering taking on yet another job.

People I know are also in a state of shock over the skyrocketing costs of groceries, services, and utilities.

Some have even stopped paying their rent or housing fees. The debts are astronomical; people simply cannot afford to pay.

The situation with loans is truly alarming. More and more people are turning to microfinance lenders just to scrape by until payday, and the number of overdue payments is on the rise.