How To Make Your Money Worthless

Erm, well, I mean how to make your money worth LESS.  Check this graph out:

Inflation

For those of you who are new to this site, I’ve been writing a lot more lately about inflation and the world economy so that you can better prepare yourself for the coming years.  If you’re a regular reader, you know I’m convinced that there are some tough times ahead for all of us.  The reason it’s going to be bad is because of inflation.

Causes of Inflation

While the causes of inflation are now obvious to many people, for the vast majority, it’s still a mystery.  The causes are simple and are based in simple supply and demand.  The more there is of something, the less it is worth; the same applies to whatever currency you happen to trade with.  Read more HERE.

When a country’s government (any country, but Zimbabwe in Africa is a good example of a country that is suffering from their government’s over-production of Zimbabwean dollars) chooses to print money with nothing to back it other than wishful-thinking and prayer, they are actively devaluing whatever money is ALREADY IN CIRCULATION; that is, the money in YOUR BANK ACCOUNT!

The U.S. and U.K.

A similar thing is happening in the United Kingdom and the U.S. at the moment, and if you click on the graph above, you’ll be taken to a more full explanation of the process.  While none of us have the ability to do anything directly about the decisions being made and the effect they WILL have on YOUR money (regardless of where you live in the world!), you CAN do something about your OWN situation.

If you are not running your own business and are employed by somebody else, you’ll have to hope (and ASK FOR) a substantial raise to keep pace with inflation.  If you’re running your own business (online or otherwise) you’ll have to either increase prices, improve profitability (which may mean cutting costs wherever you can) or simply accept a lower standard of living than you currently enjoy.

Take Action

You can sit back and wait for your country’s government to save you, but if you choose this path, all you are really doing is putting your fate into the hands of people you don’t know, probably wouldn’t like if you DID know and even if you DID like them, CANNOT solve the problem that THEY created in the first place.

You have to take action yourself, with your OWN finances.  This is taking responsibility for yourself, something most people are loathe to do.  LEARN about making your income in other ways.  The days of working for a company for 50 years, retiring with a gold watch and living off of a company and state pension are OVER.

Take a look at some programs where you can learn how to be valuable to other people.  There are some in the sidebar to the right ————————————————————————————->

Also, look around on the internet for people who are making money themselves online, and are willing to train you.  Cenay Nailor is one of the best in the business, and her fees are very reasonable when you consider she will train you how to make your living online without the time and cost (and headache) of going to work for somebody else every day.

Don’t wait for a knight in shining armor.  BE YOUR OWN SAVIOR!

Luke.

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