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Now we know that Russia has attacked and is at war with Ukraine, we also know that energy prices are going up globally we also know that stock markets are topsy turvy now, but do you know how to remain financially relevant in this clearly peculiar year of 2022? Below are a few tips that will hopefully keep you soaring financially in 2022.
- Buy and Stock in Bulk – General Prices are Rising and Will Keep Doing So for Much of 2022.
You will do well to buy bulk and learn to stock whatever you know you will need to use consistently in 2022, be it food, general goods, disposable items, etc. With inflation rising globally (USA inflation rose to over 5% in 2022), it is a no-brainer that money at hand today is worth more and can do more than the same amount of money tomorrow. It also follows those goods in inventory will be worth more tomorrow than they are worth today, therefore it pays you ultimately to keep much-needed goods than to keep the money!
- Maintain a Healthy Cashflow with little or no Debt.
Cut down on debts! Interest rates are bound to climb in 2022 and keep climbing in the short term. The more you stay out of debt in 2022, the better you will be. Do remember that though cash remains king, you don’t need to keep too much cash on hand as the value will be eroded by rising inflation.
- Increase Your DO-IT-YOURSELF skills
Learning to do a lot of stuff yourself will save you a lot of cash in 2022. To do this you need to up-skill yourself, search online for free courses to build up your skills, trade-off what you already know to learn what you don’t know, when you do learn, put into practice at once your new skills so you can improve and perfect them.
- Get More Income Sources
Earning more in this season is a must-do! You need to earn more income to stay on top of your game in 2022. Go for knowledge because knowledge is power. Get a side gig where possible. Do a list of what you can do and another list of who will pay you to do what you can do, match these two lists and get to work immediately. If you are technology savvy, then start to make money online immediately on platforms like ‘FIVER’ and ‘AMAZON’. If you need further help about making money online, please contact us immediately.
- Save in Semi-liquid, Interest Bearing Instruments that beat the Inflation Rates
Finally, since money today will certainly be eroded by inflation tomorrow, then learn to find a way to save in 2022 at a rate that beats inflation rates, i.e. at a rate greater than the current inflation rate. Very few places offer such opportunities, but an AI-traded forex account might come in handy here. A good place to start would be to use the link below to access the Intelligence Prime Capital Trading Robot.
http://member.iprimecapital.com:80/Account/ChooseSignUp?referrerNumber=IB496005&referrerLinkType=1
Our disclaimer: Do not take this article as professional financial advice Always do your own due diligence before investing in any financial product or service.
