There are quite a mixed type of opinion for people in a certain matter of financial affairs and it is all multifaceted. When I think of the multiple solutions out of a same problem, for example even if its a debt - then simply two different theory comes that back up opposite opinion.
These days I am thinking much of the "debt crisis" that I am facing from a local finance institution quite a years time ago. It was sort of to have a chunk of money for raising an enterprise in a local market thats growing on.
My initial thought was to just let the money work in some way since the interest rate that they provided was all too naive and little. I estimated just from the dollars I get from a dairy farm could better cover it without even looking at it.
0.5% interest rate is so little an amount, because it adds to 50 dollar as a whole for a $1000 withdrawal and the time was 1 year.
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A business project usually never takes a full year to prepare for the necessary operations. Because those projects that were built in already and shares have been placed, cashes moving for buying raw materials and the end products are sold and then profits start to accumulate on the company profile.
Then what retains as necessary is to divide the money among the shareholders and I deserved and got 10% of the whole profit it made monthly covering up the expenses.
But on the way after 2-3 years of time, what I saw that the national economic matters start to get worse and people's purchasing ability reduced to a large extent even nobody wanted.
Thunderstorms gifted with bad rainy day !
A table lamp costs 1.5× higher than the price a year earlier and necessary utensils, starts with the fruits and vegetables, home appliances and the prices of lands and even housing markets also.
What I saw was the higher rate of my expenses per month and if a personal deposit of $2k sees added $500 shortage and that cuts from savings, it is to some extent really sad that even financial matters start to move to debts.
No way out in fact !!
A wise saying goes like in the oriental region that,
Do buy Ghee( A Dairy Product ) even with debts on.
That says, sometimes debts do become necessary and how we manage that is what matters. Inflation is such a thing that would last for days and in a national level it is not guaranteed where the odd cycle would go.
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Sometimes do government become insincere and that results in accumulating prices and chaos to the market. But to personal finance, it should be something that could help to cover up the debts and held the way of solvency.
While looking at Hive, I get even more hopeful and motivated as to see a good solution maintaining regardless of price fluctuations. Talk about the HBD and how it gets to the same level of USD prices.
Quite reservedly the token holds the same value at least and due to a good market strategy and technological application added on for years.
In our financial lives, we all should have the same tactics to maintain so that the things like inflation and market misbehavior never bother own financial growths anyway.
Have a good day.