Inflation is an inevitable reality of our economy. Everything is becoming more expensive as time passes, and it’s not going away anytime soon. In fact, the cost of living is predicted to continue increasing in the future. It’s easy to overlook the impact of inflation on our daily lives, but if we zoom out, we can see the significant disparity between income and expenses over time. It’s a concerning issue that can put us in a difficult financial situation if we don’t take action.
But don’t lose hope! The good news is that we have the Pillars of Prosperity. These pillars are essential for navigating the rising cost of living and ensuring financial security in the long run.
The Pillars of Prosperity:
The pillars of prosperity are two essential paths to take to prepare for the future. You can take one, or you can employ both. The first pillar is increasing your income, and the second is becoming more self-sufficient by growing your food and producing your energy.
Pillar 1: Increasing Your Income
Most of us do not have the luxury of being a CEO of a Fortune 500 company. Therefore, we need to try our best to increase our income to keep up with the rising prices of goods and services. You can increase your income in various ways. You can ask for a raise or apply for a higher-paying job.
If you work a 9-5 job, in many cases you have specific targets to hit, even if you’re not in sales. Maybe it’s a certain amount of customers per day, or how many phone calls you receive and deal with. Write out what you think you could potentially achieve by increasing your efficiency in some way, either by removing distractions, or tasks that shouldn’t be on your plate to begin with. Then make the case for hitting these targets. Document everything. Then use this as leverage with your employer to show how much you can achieve and what it means for their bottom line. Employers want to know that they can justify your salary.
Pillar 2: Becoming Self-Sufficient
Food and energy are necessities that are becoming increasingly expensive. Becoming more self-sufficient in these areas can help you reduce your dependence on these systems and save money in the long run. While everyone’s circumstances are different, the principles are the same. The less we rely on external systems, the more independent and resilient we become.
For example, if you live in a sunny region, installing solar panels can be a great way to generate power and take advantage of tax benefits. Geothermal energy is another alternative that can significantly reduce your energy consumption. A passive home design can also help reduce your energy consumption by using intelligent design based on the sun and the materials used in construction. You can also grow your food year-round using a non-heated greenhouse, which can reduce your dependence on the food supply and provide you with fresh and healthy food.
Why Are the Pillars of Prosperity Important?
It’s crucial to understand the importance of the pillars of prosperity, especially in these uncertain times. We cannot be complacent and expect things to get better without taking action. The rising cost of living is a real issue that can put us in a difficult financial situation if we don’t prepare for it. By increasing our income and becoming more self-sufficient, we can create a more stable and secure future for ourselves.
The pillars of prosperity are essential for navigating the rising cost of living and ensuring financial security in the long run. By increasing our income and becoming more self-sufficient, we can create a more stable and secure future for ourselves. It’s important not to be complacent and take action to prepare for the future. Remember, the pillars of prosperity are not a luxury but a necessity in these uncertain times.
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