My dear impertinents, dear impertinents,
This week I invite you to think about inflation and how to adapt to a world where inflation will be significantly higher than what we have known for the past 40 years.
Lowering spending is of little use in coping with inflation on an individual basis. In the short term it is valid, but very quickly you will no longer be able to lower your expenses because they are above all “constraints” and “mandatory” and that for many, the savings capacity will be eaten up by inflation in one or two maximum years.
Lowering your spending, which is a defensive strategy, will not be a line you can hold for long. It must be done, but it will not be enough.
You need a much more offensive strategy now, and it is this idea that I want to submit to your reflection and analysis.
There are then only two solutions.
Changing your spending structure, or earning more both can obviously be done simultaneously.
There is no easy or painless way to deal with inflation.
I’m sorry, but anyone who tells you that changing your budget structure or earning more is easy is lying to you.
It needs courage.
You have to take risks, you have to change and develop the habits of families.
Yes it is hard, but the good news is that it is doable and that you have the power to do and especially to decide what is good for you!
Here, once again, no absolute truth, but lines of thought to gain height and anticipate what could happen.
Good luck to you my friends.
It is already too late, but all is not lost.
Prepare yourselves !
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