With the cost of living increasing yearly, Americans are forced to spend more than ever on things like housing, medical costs, and food. In light of this, reducing one’s expenses has become a top priority for many people. Therefore, reducing one’s cost of living is a wise strategy that can go a long way toward significantly improving your life. While it may seem counter-intuitive initially, reducing one’s cost of living directly translates into better financial outcomes. For example, a study conducted earlier this year by the National Bureau of Economic Research found that a reduction in one’s cost of living by 20% resulted in an annual savings of $2,300. In other words, 20% reduced price of living translated into $1,200 saved each year. While this may seem small compared to the amount already spent on average Americans every day, collectively spending $1,200 annually would be enough to reduce our country’s budget deficit by $1 TRILLION!
What is the cost of living in your area?
Cost of living is the average price of the items in your area that would cost you $1 in another location. For example, if your neighborhood has a high cost of living (i.e., it costs more than $1 to live in that area), you may be able to lower your living costs by moving to a lower-cost area. Likewise, if your neighborhood has a low cost of living (i.e., it costs less than $1 to live in that area), you may be able to increase your monthly living expenses by lowering your monthly mortgage payment. In other words, lowering your cost of living in one location and increasing your monthly living expenses in another would be positive developments!
Why Housing Market will become a time bomb to fiat currency
The cost of housing artificially increases due to unlimited demand. That is a problem. There is no incentive to change the practice in the industry that is protected heavily through regulations. The price of a house increase because people mindless believe the value will hold, which is a wrong conclusion about the housing market.
There is no store of value in the house because it does not produce anything rather than its own valuation that benefits to the owner of the house. There is no innovation to push the industry. It is too reliable to builders who lack of incentive to innovate.
The housing market is due to collapse no time only because there are more suckers to buy into the market and spend more money on the house that builders can quickly profit from. The 2008 financial crisis will be more frequent in the future because the industry has not changed its way and housing regulations will likely continue relying on due to the greed of the builders and financial institutions until the entire fiat system goes down with it.
If you enjoy reading my articles, buy me a coffee here.
What can you do to reduce costs of living?
A number of things can lower the cost of living at your location. One easy way to do this is to buy a new house. Another easy way to lower the cost of living is to change careers. In other words, there are many ways to lower living costs, and each has its specific application.
Health care costs
Health care is another one of those things that has wide- reach effects. In fact, having a higher health care costs in a location can be a good thing. Why? Well, having health care in your home can reduce the risk of certain diseases. You’re less likely to develop certain diseases if you have good health. For example, high blood pressure can lower blood pressure in people who have high blood sugar. Insulin can help people with type 2 diabetes get better, but it’s not the only thing that helps. Other health-related things like medications, surgery, and surgery-type procedures can lower costs of living.
Food costs
Many people think of food as a pretty basic expense. However, the latest studies show that people are starting to realize the value of this expense. A growing portion of society is making an effort to eat healthy food. This means that people are trying to eat more fruits, vegetables, and fibers. It also means that they are increasing the amount of healthy fats and proteins in their diet.
How to decrease your cost of living?
There are a number of things you can do to decrease your cost of living. One way to do this is to improve your budget. When you figure out how much you’re actually spending each month, you’ll be able to identify any potential savings and make these happen. Another way to decrease your cost of living is to travel more. There are many benefits to traveling. It can reduce your travel costs. It can improve your health. It can improve your credit. And most importantly, it can improve your quality of life!
However, you will run out of options from moving into the lower-cost area where living costs will eventually catch up and traveling costs will too. Because there is no housing innovation, everyone will go down with fiat.
Conclusion
The cost of living in your area can be a significant factor in your financial well-being. If you can reduce your living costs, you can improve your financial situation and make it easier to borrow money. You can also lower your living costs by buying a new home, moving to a lower cost area, or changing careers. However, fiat system will be no longer able to protect yoru wealth in the long term and Bitcoin can potential help you out. Your ability to reduce your costs of living can have a significant impact on your financial future.
If you enjoy reading my articles, buy me a coffee here.
Photo by Tierra Mallorca on Unsplash
Note: the post was shared on multiple platforms here.
You can refer my previous article lists here and here
------------------------
2022 Prediction
2022 Prediction #1: L1 Scalability
2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
2022 Prediction #8: Metaverse and NFTs
2022 Prediction #9: Web2 Companies’ FOMO
2022 Prediction #10: Time for DAO 2.0
------------------------
DAO The Way
DAO The Way Part 1
DAO The Way Part 2
DAO The Way Part 3
DAO The Way Part 4
DAO The Way Part 5
DAO The Way Part 6
DAO The Way Part 7
DAO The Way Part 8
DAO The Way Part 9
DAO The Way Part 10
DAO The Way Part 11
DAO The Way Part 12
DAO The Way Part 13
------------------------
Learn How To Defi
Learn How To Defi Part 1
Learn How To Defi Part 2
Learn How To Defi Part 3
Learn How To Defi Part 4
Learn How To Defi Part 5
------------------------
Crypto Comics
Crypto Comics
Crypto Comics - PoW
Crypto Comics - Who is Satoshi
Crypto Comics - What is Token
Crypto Comics - What is DeFi
Crypto Comics - What is Wallet
Crypto Comics - What is HODL
Crypto Comics - What is Coinbase
Crypto Comics - What is PoS
Crypto Comics - What is DAO
Crypto Comics - What is A Block
Crypto Comics - What is NFT
Crypto Comics - What is Fork
Crypto Comics - What is Web3
Crypto Comics - What is DeFi-2
Crypto Comics - What is Yearn Finance
Crypto Comics - What is Degen
Crypto Comics - What is Aping
Crypto Comics - What is Cold Wallet
Crypto Comics - What is Hot Wallet
Crypto Comics - What is Airdrop
Crypto Comics - What is DYOR
Crypto Comics - What is 65537
Crypto Comics - What is RC4
Crypto Comics - What is WAGMI
Crypto Comics - What is Bagholder
Crypto Comics - What is Decentralization
Crypto Comics - What is Wallet Address
Crypto Comics - What is Plagiarism in Web3
Crypto Comics - What is Bart Pattern
Crypto Comics - What is Encryption
Crypto Comics - What is Consensus
Crypto Comics - What is Protocol
Crypto Comics - What is Stablecoin
Crypto Comics - What is ApeCoin
Crypto Comics - What is FOMO
Crypto Comics - What is Tokenomics
Crypto Comics - What is APR
Crypto Comics - What is to The Moon
------------------------
Learn Web3 in 100 Days
Learn Web3 in 100 Days - #1 What is the Internet and How Relevant to Web3
Learn Web3 in 100 Days - Day 2: What are the Browsers and Servers
Learn Web3 in 100 Days - Day 3: What are HTTP Status Code
Learn Web3 in 100 Days - Day 4: HTML and CSS and JS
Learn Web3 in 100 Days - Day 5: What is programming
Learn Web3 in 100 Days - Day 6: Markup, Elements, Tags, and Hyperlinks
Learn Web3 in 100 Days - Day 7: Style Your Web
Learn Web3 in 100 Days - Day 8: JS
Learn Web3 in 100 Days - Day 9: SQL
Learn Web3 in 100 Days - Day 10: Front-End
Learn Web3 in 100 Days - Day 11: Front-End Framework
Learn Web3 in 100 Days - Day 12: More HTML
------------------------
Modern Economic Nonsense
Modern Economic Nonsense - Inflation and Incentives
Modern Economical Nonsense - The Astrologist's Way
Modern Economical Nonsense - The VUCA World
Modern Economical Nonsense - Zug Tax and How to Run your Own Monopoly
Modern Economical Nonsense - Participatory Economy
Modern Economical Nonsense - Economic Models
Modern Economical Nonsense - Tokenomic Models
Modern Economical Nonsense - Design A Reputation-Based System
Modern Economical Nonsense — The Money Problem
Modern Economical Nonsense — The Treasury Problem
Modern Economic Nonsense — Bitcoin vs. Real Estate
Modern Economic Nonsense — A very long term view
Modern Economic Nonsense — Banking Collapse
Modern Economic Nonsense — A Wall Street Legend
Modern Economic Nonsense — A Modern Alchemy
Modern Economic Nonsense — Founder goes ghosting
Modern Economic Nonsense — Anonymous cool or fool
Modern Economic Nonsense — The market volatility
Modern Economic Nonsense — The money shortage
Modern Economic Nonsense — The web3 scams or not
Modern Economic Nonsense — All about debts
Modern Economic Nonsense — Metaverse is still relevant or not
Modern Economic Nonsense — A Show of Recession
Modern Economic Nonsense — A Myth of Valuation
Modern Economic Nonsense — Inflation becomes irrelevant
Modern Economic Nonsense — A journey of money laundering
Modern Economic Nonsense — Consumer Sentiment Might Be Low
Modern Economic Nonsense — Is payment technology still relevant in high inflation environment
Modern Economic Nonsense — Recession is coming
Modern Economic Nonsense — We are at the bear market, now what
Modern Economic Nonsense — Invest like a cat
Modern Economic Nonsense — Bitcoin leads the market recovery
Modern Economic Nonsense — The dollar is dying slowly
Modern Economic Nonsense — The current stock market wants to go back to 2019 but ignore the technological solution of the future
Modern Economic Nonsense — Today's fear, tomorrow's cheer
Modern Economic Nonsense — An engineering recession
Modern Economic Nonsense — The market is broadening rug pull everyone
Modern Economic Nonsense — The self-fulfilling recession
Modern Economic Nonsense — Crypto is changing the advertisement business
Modern Economic Nonsense — Blockchain phone
Modern Economic Nonsense — Next generation of wealth
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
Modern Economic Nonsense — The era of currency debasement
Modern Economic Nonsense — What if the Fed gets inflation all wrong
Modern Economic Nonsense — The Bitcoin apocalypse is coming
Modern Economic Nonsense — The Bitcoin reserve is coming
Modern Economic Nonsense — Payment apps move away from the fiat currency
Modern Economic Nonsense — Web3 continues building despite the bear market
Modern Economic Nonsense — Banks are seeking shelter in cryptocurrencies
Modern Economic Nonsense — Inclusive blockchain
Modern Economic Nonsense — Time to reinvent cryptocurrencies
Modern Economic Nonsense — Crypto companies' bankruptcy wave is healthy
Modern Economic Nonsense — The Bitcoin mining company is not profitable
Modern Economic Nonsense — Crypto attracts more talents in the current market
Modern Economic Nonsense — Why Bitcoin Maximalism will fail
Modern Economic Nonsense — Gaming culture and crypto
Modern Economic Nonsense — Global crypto regulations are coming
Modern Economic Nonsense — Decentralization may not work as everyone expects it would
Modern Economic Nonsense — Government opens ideas to the public about cryptocurrencies
------------------------
Random Thoughts
The latest crypto secret weapon - Hyper-personalize shopping
Russia Prohibits Crypto as a Legal Payment (What are the Consequences?)
Cyber criminals using crypto mixing services are booming
The Next Frontier of Gaming: Introducing the Metaverse
Crypto VC becomes so chaotic
We are heading into the debt crisis and crypto can help
How Three Arrows Capital Missed Every Target They Aimed
55% completion of Ethereum 2.0 means an unfinished product
The dollar is ever stronger
When Crypto gets into politics
------------------------
Yearn Finance Comic
Yearn Finance Comic - Part 1
Yearn Finance Comic - Part 2
Yearn Finance Comic - Part 3
Yearn Finance Comic - Part 4
Yearn Finance Comic — Part 5
Yearn Finance Comic - Part 6
------------------------
Curated Lists
Curated Lists - Web3 Culture
Curated Lists - Crypto-enabled Communities
Curated Lists - Crypto Philosophy
------------------------
Defi 101
Defi 101 - Part 1
Defi 101 — Part 2
------------------------
Thoughts
Thoughts about VC and PleasrDAO x BitDAO
The Crypto Market has Changed
The Myth of Inflation Hedge
The Myth of Stablecoin
The Myth of NFT
End of the Crypto Market?
The End of the Stablecoin?
Terra-UST Saga - How to repair the trust when there is no trust built on
How to deal with negative market sentiment
------------------------
Crypto VC Thoughts
Crypto VC Thoughts: Physical Assets vs Digital Assets
Crypto VC Thoughts: Digital Money Pushes Energy Companies to Innovate
Crypto VC Thoughts: GameFi Dilemma
Crypto VC Thoughts: Credit Oceans
Crypto VC Thoughts: The Death of Terra
Crypto VC Thoughts: Debunk Bitcoin Myths
Crypto VC Thoughts: Defense Crypto Investment Methods
Crypto VC Thoughts: New Type of Stablecoin
Crypto VC Thoughts: Crypto Business Cycle
Crypto VC Thoughts: Crypto Business Cycle 2
-------------------------------------------------------------------------------------
Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
