Are changes in the market affecting your financial life?
If we talk about change in the market price it has a significant change and effect on our financial life, whether the price of goods is too high for our budget or whether our income is equal to what we demand.
Market prices are constantly changing due to the higher economy of a country, which makes everyone worry about our daily needs and has a great impact on our financial life. In a country like Nigeria, the average citizen lives on a low income while the price of goods in the market continues to rise. These make it difficult for most people to save money for emergencies as their budget changes with the market price.
To be fair, price inflation has hit many homes hard, leaving a trail that leaves everyone scrambling to make ends meet to keep up with rising costs. Let me say that in Nigeria it is very easy for commodity prices to go up in a short period of time but it is difficult for wages and salaries to go up. But in this kind of situation everyone has suffered and wants to reduce the way they spend money.
I always think that it is best to save money in a situation where the market price go higher, but this is not true. Saving money and reducing our expenses does not work if the price of goods in my country increases, you either spend everything and still have a debt to pay.
Buying items now becomes one option at a time, do you know what that means? Price change with a small crisis that happened in the country, whether it is a fuel crisis or any problem from our government it easily makes the price of goods go up and we will never get it back to the normal price. Therefore our savings are irrelevant, it is better that you buy what you want to buy on time because there is a chance that you will buy it higher in the future.
Comparison of Crypto Market Changes
Whether we like it or not, crypto is the financial system that everyone will be asking for in the future, because it gives time to fix our financial life through our investment. Although it is volatile in nature but it affects our financial life better than bad.
The change in the crypto market is a two-way street, it gives some people cause for joy and gives some people time to correct their mistakes. For example, if the price of crypto rises, early investors sell higher and have good returns, while it becomes expensive for some to enter the market. However, it causes the market to self-regulate, and when it goes low more people get time to enter the market correct their mistakes, while those who enter the market when the price is high suffer but still have time to correct.
No how such a financial system that benefits everyone will not be in demand. Crypto changes in price are a blessing to everyone who participates in it and it will positively affect our lives, if crypto is used as a financial system then we have not to worry about the effect of changes in the market on our financial life.
Posted Using LeoFinance Beta
