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Investing is New Saving .:. Late Night Blogging

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@ph1102
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I like when I start a blog post by mentioning some other Hiver... Or better said, when I'm inspired to create a post by reading someone's else post... This time, I read a great post by @princessbusayo, where she gave some great ideas on how to save money! If you are struggling with money and can't reach the end of the month with your income, take a look at that post... You will probably find something that will help you!

But, that's just the start of your journey... As putting aside a small amount is just the beginning... You have to repeat the same thing over and over again, month by month... And most people fail exactly at that... Not being consistent...

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Unfortunately, we have had some additional issues lately... These days, it's not enough to save a part of your paycheck, you also have to save the VALUE of your "savings"... What do I mean by that? One word... INFLATION...

Trillions of dollars have been printed in the last 2-3 years and we are feeling the consequences of that... Inflation numbers are higher than ever and ordinary people are fighting to preserve the value of their savings... Keeping money in the bank will get you nowhere, as interest rates are close to zero, or far below the current inflation... So, if you want to SAVE money, you are forced to invest it somewhere where you can BEAT the inflation numbers... This means, getting more than 10% APR on your "deposit"...

I know that there are people who think that inflation will pass very soon, but it could be nasty, and usually, it lasts a lot longer than we predict... If you take a look at these "central bankers" all over the world, they have no idea when (and how) will finish... And they are the "EXPERTS" (a very popular word today)...

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While you are waiting for "experts" to solve all your financial problems, your money is being devaluated... Every month that passes, your savings (in fiat currencies) are worth less... Luckily, most of us that know about cryptocurrencies, know where is the solution to the problem...

Yes, most cryptocurrencies are down, but that's more because of the "macro-market sentiment", and not because they lost their "real value"... There is a huge difference between, for example, Bitcoin and USD...

image from https://ihodl.com

Just a short look at the table above could help you in understanding the crucial differences between these assets... The only red cell for Bitcoin is that it's not "government issues", which I really can't say it's wrong at all... Especially after acknowledging how they have no idea what they are doing with the financial systems all over the world...

And if you take a look on the Fiat (USD) side, you can notice fields in red like predictable supply (no way to predict this, especially after those trillions printed in less than a year), and it's definitely not decentralized and programmable... It's more randomized... Which is scary...

What is the solution... As usual, we are back to crypto... And I have to underline again, for the 100th time, how I am grateful that we have cryptocurrencies today... They gave us the choice to "escape" from these "traditional finance's claws"...

If you want to do a "traditional" savings, you can do it on the Hive blockchain, putting your HBD (Hive Backed Dollar) into savings where you can earn 20% APR... Another solution is to use a DeFi platform where you can get higher %, for example, CUBDefi.com... In that way, you can beat the current inflation numbers...

If you are a believer in crypto, you will probably go into other assets, "riskier", as some people would say... I wouldn't agree with that, and for that reason, I do "save" in BTC, ETH, HIVE, and some other tokens... I believe the value of those cryptos will go up, and I will preserve (and grow) the value of my assets...

How do you cope with INFLATION? If you are living in a country with HYPERINFLATION, can you share your experience with it? It will be helpful for others to be better prepared if that comes...

Thank you for your time,

ph

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