Showing posts with label monetary. Show all posts
Showing posts with label monetary. Show all posts

Monday, February 13, 2023

Dealing with inflation at micro, personal level

Every generation needs a revolution - an entrepreneurial revolution





We all seem to be engrossed in inflation and seem to be like an animal crossing a highway and blinded by the headlight of the incoming vehicle and we are frozen into inaction.   Inflation is a result of interplay of factors among which are monetary and fiscal policies that are beyond our scope.  Our main concern is how to eke out a living in such a challenging times 

Inflation could be big word and we may be at a loss on how to navigate ourselves through such maze

What can you do in period of inflation?

1.  Tighten your belt.  Spend less, do a lot of substitution;
2.   Be entrepreneurial.  If you were engaged in side hustle, think of  more;
3.   Do your own backyard  green revolution   The DA has launched one   DA green revolution
 Be a survivalists'

      1.  Grow chicken for meat and eggs
      2.  Grow your veggies.