–Kelvin Brady
The term “inflation” is not new to the majority of us. Some of us might not fully grasp its degree of impact on our lives daily but use the term fondly.
I would describe inflation as a situation when you currently pay or get charged $15 for the $8 sandwich you used to get for $3.50 when you were initially on the regular sandwich eating grind.
No one hopes for financial emergencies but life has her tricks up her sleeves regardless and would play her music for you to dance accordingly.
Your Personal Offer
For a person who is seemingly broke and without a savings or investment whatsoever, you might be wondering how would survive financial emergencies amidst inflation. Truth is, each and every one of us has something unique that we can offer. It could be a talent, a skill, an interest, or even something we are passionate about.
Now, the next thing to do is to explore all the way. That talent, skill, interest, or passion can be commercialized with the right idea and plan to execute. Some of us already have a head start on this one because we are currently aware of what our uniqueness and strengths are but for those still searching dig deeper.
List out your thoughts on what you think are your competencies.
Find a Platform
The next step is to find a platform that requires what you are offering. Thankfully, with the proliferation of the internet in which the world is a global village, you can be in one location and the internet will bridge the gap between you and someone who needs your skill.
Fortunately for most of us here, we are currently on this step as we found Hive blockchain and are currently exploring all it has to offer us. There are some people out there who are still broke, living from paycheque to paycheque, dissatisfied and unfulfilled with the jobs they are doing.
List out as many platforms that are in demand for your area of competence or strength.
Commence and Have Options
My final suggestion would be to put yourself out there. It does not have to be perfect when you start. The key is to just start. I remember when I started Hive, my contents were not the best I could offer in my opinion. However, as I kept at it and strived to remain consistent, slowly but surely my contents began to improve and perform better.
The part about having options requires you to also explore other platforms or even other options within a particular platform and make the most of your experience while active. The key here is to diversify your sources of income and have options per time.
What this does for you is that when financial emergencies hit or inflation seems to be getting the best of your economy, you have stacked up a bit to stay afloat and because you are busy creating more value for others, the value would also return to you one way or another. Of course, financial returns especially are not left out either.
Honestly, I am at the stage where I am currently exploring more options within the Hive blockchain platform. I am also exploring viable layer 2 tokens such as Leo, Cub, PolyCub, and other stable coins. I plan to branch out to other spaces within the cryptoverse soon.
Save Regularly
This is the most important part of all the steps. It is not enough to apply yourself and when things start working for you financially, you spend it all. Make sure you are saving and setting aside funds.
These savings can be with different things in mind. You can have savings set aside for your personal goals, for emergency funding, and for possible investment opportunities that may arise in the future.
-James Douglas
Thank you for your precious time!
Have an Amazing Day!
Instagram: @pearlquasar_
Discord: peaq#5727
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Inflation is one of the problems we are now having in Nigeria; saving in Naira now isn't worth it; you can be saving to purchase a wrist watch for N5,000, but the same wrist watch would be sold for N7,000 the next day. It's awful, but thanks to Hive and the internet, we can now make money by offering to create articles. I enjoyed reading the post; have a wonderful day.
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I know right!
Hence why Hive is such a huge blessing.
We get to earn in USD.
I am glad you found my post enjoyable.
Have an Amazing Day!
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The final part is that after you've used your skill on the required platform, you should also ensure that you keep some part back to ensure that you handle the future emergency better.
This way, you get to avoid stories that touch the heart, you know?
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I totally agree.
I mean that was the climax of being able to earn financial value in the first place. I can't believe I left such a vital part of the write-up.
I was probably typing with sleepy eyes. Lol. This has been added accordingly.
Thank you very much for this insightful contribution.
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The thought of inflation scares me. It gets me feeling trapped. Even though I've been getting busy gathering new skills it means I need to start learning on the job because I need to get more sources of income.
This also means I have to stop doing casual work and get my hands dirty. I hate not being able to chill and work lol. I no come this life to suffer.
I have a huge saving culture. I almost think it's toxic even but touching that money dey always do me one kind. I just want to save everything for that rainy day that I'm hoping will never come, you get?
I just never want to lack lol
My dear, it scares me way more than you. It's super crazy.
The price of everything is just insanely high and it does not affect the quality of what you are paying for.
Adulting is a serious scam!
I am like that too but I think my dad's passing really had an impact on my view of a lot of things in this life.
I save small and enjoy small.
I save big and enjoy big.
Remain consistent in your craft hun and lack would be far from you and your generation yet unborn.
All the best.
Cheers to more wins K!
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@tipu curate
Upvoted 👌 (Mana: 17/47) Liquid rewards.
Thank you so much Tobe 💫💫💫