How you spent your first month salary? Inflation and investments

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_{Source of the image - Pixabay}

Welcome all to the blog, here I want to write about our first month's salary. I still remember the first month's salary which is 2 years before. Life was different and the idea of life was different compared to the current situation. As it was my first earned money my parents suggested donating the fund to the temple which is followed by most Indians. But I have no interest in such a kind of ideology. I thought of first fulfilling our needs before giving your helping hand.

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_{Source of the image - Pixabay}

As I thought earlier I decided to invest the money in crypto or technology. At the time I was keen on starting ethereum mining. An entire world was surprised by the high profit of ethereum mining. The cost of a Graphics card that is used the mine the ethereum is also high due to the demand and supply. I requested my parents to help me with funds of starting the mining rig setup and they helped me with sufficient funds. That's what my first salary was utilized.

I would like to say that it was 100% freedom for them to use their hard-earned money. And we have to utilize that in very good manners because there is a saying in Tamil "muthal konal mutttilum konal" which resembles mistakes in the beginning and doesn't give a proper ending.

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_{Source of the image - Pixabay}

Let's assume if you have $10000 today keeping as cash and after 10 years of period it will be the same $10000 without any change in value but the Purchasing power of $10000 will change this is because of inflation. So we must need to invest the money which we are earning somewhere other than the same value. Because the current CPI ( consumer price index) is much higher than what was predicted a year before. Also, we can't see any deflation measures taken by the government like in our cryptocurrency we will burn the token in order to increase deflation. During the burn time of cryptocurrency we can clearly see the price of token will get increase least of 1%.

_{Source of the image - Pixabay}

Tourism will also become costly as you can see in my state it was 70Rs/ liter of petrol before 3 years and now it was 105Rs / liter. It was also like a milage of human living we need more money to survive what we are getting now. Surely it was not a good sign as you are young we must need to visit the available local tourist spot and try to grasp the possible good memories as I said that too will get costly when we get older.

You have a reach to the end of the blog. I would like to say heart full of thanks for investing your time in my blog up to here. If you have any doubts or any ideas please let me know in the comment section I will be happy to reply to every comment.

Note:- All the images used in this blog are originally captured by me @erode, if sourced somewhere will mention on the source page.

Erode is working as a Merchandiser in a Garment company in Tirupur. We are producing good quality T-shirts. And try to grasp the attention of the audience with good content like what I wrote 😂. Show your support through your upvotes and motivate me.

Thank you