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[Ben Kempton]

Inflation is now becoming a really huge issue for many people who are struggling. I reside in a place where many people are really saddened by the wave of inflation and how inflation is having an impact on their lives. People are not able to buy products for their families and they are having a really huge problem dealing with the rising cost of services and products. It is predicted that the cost of living shall increase and the fuel prices will also increase. This means that other products like wheat, rice, cooking oil, meat, chicken, beef, and other kinds of grocery items will also become really expensive. During such times, how is it possible to survive?

 

[Xrin Nightfall]

Actually it is true, we don't always have to depend on only one job. As you said, if you earning monthly salary as your secure job, you need to invest half of it in a functionable business that you think it can yield profit to you. This can help you to get recover during inflation.

The risks involved in launching a business enterprise include uncertainty in the market, the risk to one's finances, the risk to one's health, and the absence of guaranteed profits. Freedom, a sense of accomplishment at work, and increased wealth are just a few advantages of owning and operating your own company.

 

[Opeyemi Abduraheem]

The best way to survive when the inflation is too much is to cut down your expenses. inflation is a phenomenon that we eat more of what you are already planned. if the inflation is not guided the ability or the power of the cash at hand will be affected the best way to work against this kind of thing is to cut down the volume all the number of books you are able to purchase.

 

[Franca01]

The risks involved in launching a business enterprise include uncertainty in the market, the risk to one's finances, the risk to one's health, and the absence of guaranteed profits. Freedom, a sense of accomplishment at work, and increased wealth are just a few advantages of owning and operating your own company.

Actually, i don't think there is something in this life without risks, you need to sometimes forget about the risks and do what you think it can really lead you to success. Without risk, i don't think you can ever succeed in life. so the best is to always forget and the your right decisions.

 

[Xrin Nightfall]

Actually, i don't think there is something in this life without risks, you need to sometimes forget about the risks and do what you think it can really lead you to success. Without risk, i don't think you can ever succeed in life. so the best is to always forget and the your right decisions.

The majority of people don't give much thought to the fact that risk management is also present in our day-to-day lives, despite the fact that it is ubiquitous in the commercial world. Each and every decision that we make will either have positive or negative repercussions.

 

[Franca01]

The majority of people don't give much thought to the fact that risk management is also present in our day-to-day lives, despite the fact that it is ubiquitous in the commercial world. Each and every decision that we make will either have positive or negative repercussions.

Actually, in every business, you must always consider that they are advantages and disavantages of that business and you need to forget about the disadvantages and use the advantages as careoff to start the business. Risks management is always important in every business.

 

[Emmanuel24]

Now I can only recommend online earnings to people so as to add to their revenue. It's a pity that one job cannot survive so we have to join two offline jobs together and numerous websites to earn at least $20 monthly.

 

[Opeyemi Abduraheem]

The best way to succeed in the high inflation environment is to change to what people are patronizing. All you need to do is to shift to consumables product are necessary for the people to patronize. . Essential commodity are the only thing someone can lay hands on in the time of high inflation.

 

[Ben Kempton]

Unfortunately, dollar dropped in value against my local currency with almost a percentage yesterday. There was a guy that bought $120000 of dollar at #820 last week for investment. Only for him to read the news that the current price is now #710 per dollar. That's why we still need to becareful doing this.

Dollar shall rise again in case the federal reserve increases the interest rates. I think that it all depends on the financial and economical conditions of the country. If your country has borrowed loans from the IMF, then the economy of your country will suffer a lot as a result of bad debts and negative balance of payments.

 

[Opeyemi Abduraheem]

The best way to survive in this inflation period is to cut down in unnecessary spending. the effects inflation on the goods we are purchasing is too much . If you can cut down the unnecessary expenses it will guide you in your expenditure. You will survive the cost of inflation if you are not just spending on something that you do not need it

 

[Franca01]

The best way to survive in this inflation period is to cut down in unnecessary spending. the effects inflation on the goods we are purchasing is too much . If you can cut down the unnecessary expenses it will guide you in your expenditure. You will survive the cost of inflation if you are not just spending on something that you do not need it

Many people do wish to cut off their unecessary expenses but the don't actually know their customers choice . Inflation is to always cuased more harm to suppliers than good, sometimes customers do think that is the wish of suppliers to increase the price of goods and services.

 

[Pousinha]

In my country there is an habit: people who can't make ends meet go to supermarkets, put food and drinks in a basket and then ask to this or that other customer of the supermarket to purchase the goods they have taken. You usually won't see such a thing among European countries, but in Latin America it's fairly common.

 

[Wisdom01]

i believe the best thing to do in the period of high inflation , is to actually invest more in business , you should not just hold your investment down , because if the investment lose value ,you might necessarily not be really happy I think

 

[Franca01]

i believe the best thing to do in the period of high inflation , is to actually invest more in business , you should not just hold your investment down , because if the investment lose value ,you might necessarily not be really happy I think

Actually you are making a point but ithink at that period, the currency doesn't always have a value and there is always depreciation at that point. Many business do colapse at that point because they can't afford to buy goods and services.

 

[Wisdom01]

Actually you are making a point but ithink at that period, the currency doesn't always have a value and there is always depreciation at that point. Many business do colapse at that point because they can't afford to buy goods and services.

hmm this is another point too , but I believe that if it hasn't reach that stage the business can't buy the goods ,then it's best to invest on it when they can still buy , although what about investing on landed properties too , what about that

 

[Richee84]

The first thing that man always learn is how to survive in every situation including inflation time. We may survive by impoverishing. This means we tend to conserve more. Then we need to make sure we add many ways of generating foreign currency to our portfolio. This will help us to mitigate the effect of inflation.

A time of inflation is usually a hard time for most people to live more especially the masses. It is always the period where the price of things will be very expensive. The best thing to do is to reduce our daily consumption rate and learn to spend reasonably during the period.

 

[Richee84]

Some business who do not have a strong capital base will find it difficult to survive during inflation while those that have good capital base will have enough fund to purchase raw materials at a bulk and make good amount of profit from it. Big business tend to make good profit when there is inflation.

 

[Richee84]

When inflation is high, as it currently is in Canada, it indicates that prices are going up more quickly than earnings are. According to a survey of 1,018 Canadian people by The Harris Poll in March 2022 for NerdWallet, 45% of them are highly worried about inflation. Still another quarter of respondents (45%) are worried. It's not just Canada that will have to deal with it; the rest of the world will have to deal with it too. Do not keep cash on hand; rather, invest in real estate or Gold to hedge against inflation.

It is always advisable not to keep cash at hand but it is good to rather invest it where there will be good return on our investment. Investing our money now will help to protect the value against inflation the. The money we keep at hand will loose it value when inflation come in.

 

[Wisdom01]

Some business who do not have a strong capital base will find it difficult to survive during inflation while those that have good capital base will have enough fund to purchase raw materials at a bulk and make good amount of profit from it. Big business tend to make good profit when there is inflation.

most business find it difficult to survive during inflation , many of them are actually having a tough time , like some have actually gone bankrupt and the thing is that some actually doesn't even have the capabilities or the capacity to build to expectations

 

[Richee84]

when these hard times hit, go back to 1 of the oldest professions around. no, not ladies of the night. its time to get the black market going or bartering. governments hate the black markets but directly or indirectly, they push everybody into the black market. if you cant do something legally, then do it illegally !!!!!!! it comes at times when things that were legal are now illegal. i would rather get involved with the black market than starve.

you can also barter for things. you can exchange your work hrs for food, fuel, eggs or whatever. or if you have something somebody wants, then barter / exchange for something that they have.

so screw the governments & their stupid laws & policies. many times, the same politicians that pass these stupid laws / policies, dont obey them themselves. the so called elite want to ban meat for us masses. but they can pig out & stuff their fat faces with any meat they want, when ever they want. they want us to eat bugs, plants & weeds. then they fly around in their gas guzzling jets, spewing so called harmful co2 but we have to make sacrifices & go without.

Getting involved in illegal act all in the name of surviving should not be encourage for any reason. If everyone get involve in illegal activities then there will be no law guiding anyone anymore and in a country where there is no law there is no crime. This kind of illegality will chaos in the country.

 

[Richee84]

But that also depends on the country where you live if you live in a country like Argentina that has an inflation are almost 3 digits the dollar if it can save you there are places where your currency is worth nothing and rises for hours in these cases the dollar can help preserve your wealth for longer

US Dollar is one of the stable currency that we can use to preserve our wealth. Though it depend on the country you are and the value of your country money to the value of dollar. Most people in African countries prefer to store their wealth in US Dollar.