10 Ways To Survive Massive Inflation

Massive inflation is exactly what it sounds like—soaring prices that leave you unable to afford everyday things. Unfortunately, history has shown that massive inflation can happen to even the strongest and most stable of economies. The good news is there are various ways you can protect yourself if this unfortunate event takes place in your country. If you live in an area where rampant inflation is feared or has already started to take hold, here are 10 tips on how you can survive massive inflation with as little collateral damage as possible.

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Diversify your investments

An important part of any financial plan is diversification. This is when you spread your investments across multiple asset classes to reduce risk. We generally recommend that people have between 20% and 40% of their investments in cash. This will give you enough liquidity to cover your expenses. The rest should be invested in a diversified portfolio of stocks, bonds, and other assets that will give you safety and income if there is a financial emergency. A good example of an investment that is not very liquid, but is very safe, is a money-market fund. This is an investment that is very safe, but you can’t get your money out quickly. Another example of an investment that is more liquid, but less safe, is corporate bonds.

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Stay informed

If you have a short time to prepare for massive inflation, it might seem like there’s not enough time to learn everything you need to know. But the truth is that it will take time to understand all the things you need to know in order to prepare yourself financially. The best way to start is by taking advantage of the many sources of information that are available to you. You can start by reading books and articles written by financial experts, like Jim Rogers or Nassim Taleb, who have first hand experience with massive inflation. You can also listen to podcasts and audio books. You can also watch documentaries, like “The Real Crash” or “The Great Depression” that cover past examples of massive inflation. The more you understand what you’re up against, the better prepared you’ll be.

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Don’t rely on the bank

If you’ve been depositing money in a savings account hoping that it will keep you safe from massive inflation, you may want to think again. In times of massive inflation, banks can quickly become insolvent, making your deposits essentially worthless. Even if your bank manages to hold on for a short while, you may still lose all or a substantial portion of your savings. Banks often try to protect themselves and their customers by imposing restrictions on how much money customers can withdraw. This often happens in the early stages of massive inflation. If you have a significant amount of money in a savings account, you may want to consider withdrawing it and storing it in a more liquid form. While it’s best to keep some money in a savings account for emergencies, you’ll want to keep most of it in a more liquid form.

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Sell now, buy later

One of the easiest ways to protect yourself from massive inflation is by simply buying things now and waiting to sell them later. When you’re preparing for massive inflation, it’s important to remember that everything you buy will increase in price. That’s because massive inflation is caused by a general increase in demand for goods and services, combined with a shortage of supply. As a result, when you buy something today, and then try to sell it later, you’re likely to get less money than you paid for it.

Learn to barter

It’s important to remember that one of the oldest and most reliable ways to exchange goods and services is through barter. In times of massive inflation, it can be difficult to find people who will exchange money for goods. And since almost everything will increase in price, you may not be able to exchange your goods for money. Instead, you may have to switch to a barter system, exchanging goods and services directly with others. If you work in an industry that produces a product or service that other people need, there’s a pretty good chance that you can use those items as a way to exchange for the things you need. For example, if you’re a dentist, you can exchange your services for things that you need, like food and healthcare.

Protect your food supply

When massive inflation is looming, you should seriously consider stockpiling food. If you live in an area that’s prone to natural disasters, you’ll want to make sure you have supplies that can withstand these types of events. When buying food for your stockpile, you’ll want to make sure you buy things that are long-lasting, such as canned foods and dried grains and legumes. You’ll also want to make sure that the food items you buy are affordable. You can get great deals on food items by visiting sales at your local grocery store. If you’re lucky enough to have a large amount of space, you can even consider planting vegetables and fruits in your backyard.

Take care of your health

Even though you may have to cut back on some expenses, you shouldn’t completely ignore your health. When massive inflation is looming, you may have to cut back on things like going to the doctor, getting dental check-ups, or buying medication. When preparing for massive inflation, you’ll want to make sure you get regular check-ups so you can catch any problems before they become serious, and keep up with any preventative health care, like getting your flu shot. You’ll also want to make sure you’re eating healthy and living a healthy lifestyle. A healthy body is less likely to get sick, which can save you a significant amount of money.

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Final words

Massive inflation is when the prices of goods go up so quickly that it becomes difficult for people to buy what they need. It’s rare, but has happened throughout history in many different countries. The best way to protect yourself against massive inflation is to diversify your investments, stay informed, and don’t rely on the bank. You can also protect your food supply and take care of your health. No matter what happens to the economy, you can survive if you’re prepared.

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