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author | javedkhan1989 |
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permlink | how-a-job-holder-can-survive-in-the-era-of-inflation-tips-to-compete-against-inflation |
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title | "How a job holder can survive in the era of inflation?? Tips to compete against inflation" |
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body | "Asslamoalekum and hello to my @leofinance community. This is my second post in this community.
Today I am going to discuss a very common issue of job holders. Being a job holder I faced lots of issues and tried to resolve these issues according to my strategy. Here I am discussing the issues of jobholders and trying to come up with possible solutions. How a job holder may survive in this cruel era of inflation. I will try to give you some tips that may help you while competing against inflation.
Increase Your Sources of Income
The first and foremost tip for job holders is to increase your source of income. If you are dependent on one source of income then you should be worried about it because you are very close to the line of poverty. Your boss may fire you at any time and your future is simply destroyed by one decision of your boss. So you have to think seriously about your other sources of income except your job. Salary is a slow poison. A job holder can neither quit the job nor remain happy doing it. In this regard, I will suggest you when you receive your salary you should invest first and then spend on your expenses. You should invest in passive sources of income like property, gold, stock exchange and cryptocurrency.
![](https://images.ecency.com/DQmbN8n3NBKJhJX9TQzwTryHcUXzRH5TLymBZzJcTgeo4wN/1712807915260.jpg)
[Source](https://pixabay.com/photos/stop-inflation-man-male-cartoon-7241624/)
Lead a Simple Life
If you want to lead a tension-free life then you have to live for yourself not for others. Be simple in your lifestyle. Try to spend less on marriage ceremonies. If you want to lead a contented life you have to be simple,0pin your life. Do not overspend on your shopping. Be simple in life you will be happy.
Try to save as money as you can
If you are doing a job and you are spending all your salary on your expenses then you are doing a foolish thing. You have to save almost 30 to 40% of your income. Otherwise, you are in a danger zone.
Financial planning before the arrival of big Events
If you want to avoid difficulties, you must plan for major festivals such as Eid ul Fitr, Eid ul Azha, Christmas, etc. You will need to gradually save money for these occasions. Proper planning is required for this. When the expenses of these festivals suddenly fall upon a salaried person, they can feel overwhelmed and find it difficult to survive. Therefore, to prevent increased difficulties, we must start saving money well before the arrival of these big festivals.
![](https://images.ecency.com/DQmbQudr8NxjvdiX4mhupu5FiVPzZXGCBEGWPSsrPhn8kvb/1712808134422.png)
[Source](https://pixabay.com/vectors/inflation-balloon-money-inflate-7686519/)
Try to establish a business during the job
If you want to retire early and say goodbye to your job you have to establish a proper business for yourself Only then you may survive. It may be a partnership in a business with someone. You have to make some wise moves in this regard.
Invest in yourself
You should try learning new skills if you have to pay some fee for it. Try to master one skill and provide service to others. Mastery of one skill makes you an expert in a field and you may earn a handsome amount of money by providing this service.
I am a job holder and I am trying to implement these tips in my life. It would be beneficial for you. And you will be free from financial tensions.
If you like my post do not forget to give your opinion in the comment box.
Thank you so much for going through my post.
Posted Using [InLeo Alpha](https://inleo.io/@javedkhan1989/how-a-job-holder-can-survive-in-the-era-of-inflation-tips-to-compete-against-inflation)" |
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