Global inflation, "sit tight" or "play it right"?
Assad Miznazi, MBA, PMP
Real Estate Consulting | Real Estate Transactions | Sales & Leasing Advisory
Well, the answer can be as simple as “sit tight†or can be much more different such as “play it rightâ€.
Global inflation can hit countries all around the world by changing their lifestyle against their will, and that can be implemented for the rich and for the poor as well.
I consider global inflation as a natural disaster, you cannot control it but you have to react to it, it is still a thing that humans made for several reasons but taking an action is necessary to survive the wave.
Plan for 1-3 years from now and fasten your seat belt because facing an economical depression will never be easy and only strong and confident people shall survive.
So, getting back to the main question,
Shall I sit tight or shall I play it right?
If you have a fat saving account and if you are setting on a considerable amount of cash, then maybe you should “play it right†and it is your time to step forward since many sectors will be affected and a lot of businesses might collapse and don’t forget the real estate market which will get the biggest knockout.
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Getting a collapsing business or buying an undervalued property can be a “play it right†action that can generate profits and opportunities after the wave has gone.
Moreover, if your current business started to feel a bit dizzy or caught a cold, then it might be that sign! A sign to try that business you wanted to do forever but you were more focused on your current business, why not take that jump by yourself and use the situation in your favor?
Let us say that you do not own a business, you are an employee, and the inflation wind is coming in front of your home, what is next?
You will sit tight or you will play it right? Yes, it is not that easy because you have a family to feed and a bill to pay. Therefore, in order to keep your employment status, it is wise to do something new for the firm you are working for, something creative or even working hard to show that despite the circumstances you are showing efforts and loyalty to the firm and you are not leaving them to sink alone.
Tough times can generate very solid people and economics if only they can play it right but not sit tight.
As a result, here is your answer:
Play it as right as you can