What can the person from the middle class do to avoid inflation/recession and what follows

Howdy,

The average man is not a great businessman who shovels money back, has political relations, opens factories and factories when the opportunity arises.

The average person is not a big financial speculator who can successfully short the stock market and buy with oil and gold to earn millions in case of sudden market movements (or, if he tries, without a good preparation, he has 90 % chances to hit it and those who tried to trade CFDs already know this).

And then what can the average person do to protect himself from:

-- The inflation that is and seems to be here to stay for a while;

-- The economic recession, which also seems to be already there (the US economy fell by 1.4% in Q1)

Well, the average person has been able to do a lot and still be able to do a lot:

1. It can hold shares in the big energy companies listed in order to counterbalance the price increases of utilities and fuels;
2. It can keep a part of its savings in government securities with YTM (interest) of 5.5-6% non-taxable instead of keeping them in the savings account with 0.4% taxable;
3. He can grow professionally and become even more important to the company he works for so that he has a much higher salary increase than inflation - through a promotion, not just through a salary indexation;
4. He can refinance his mortgage from a variable interest loan into a fixed interest loan - to protect himself from a possible sharp increase in interest rates - it is already a bit late, but it is still an option;
5. It can hold shares in companies producing agricultural raw materials - if food is still more expensive;
6. It can keep some of its savings in strong EURO and USD currencies - to avoid a stronger devaluation of the leu;
7. He can learn new skills that will allow him to freelance in addition to his current job - for extra income and maybe even a full-time freelancing job. Freelancers earn about 30% more than their employees only for the benefit of lower taxes;
8. It can save you money spent on: addictions (alcohol, cigarettes, bets, sweets, etc.), food waste (which you throw away constantly), gadgets constantly renewed before you really need it, impulsive shopping, shopping from places that have higher prices for products that you can find even cheaper online or in other stores);
9. Don't wait in line for petrol/diesel, oil, or toilet paper when you hear on TV or on Facebook that it runs out / becomes more expensive / you run out of ... waste your time and nerves and don't save much. He better uses his energy and time to make more money.
10. To understand that if he wants a house, then he is NOT a real estate speculator to hunt down the price collapse - The house is bought when you need it, when you are settled in that locality and you want to stay there for at least 7-8 years, correctly sized financially, so you can afford it. Otherwise, he has to wait 5 years for rent because maybe ... the real estate market will collapse and then FOMO will buy right on top.

There are simple and common sense things that work and bring you money in your pocket and save you time and stress (which also means money).

No matter how financially educated you are, you will still make mistakes and fools, but there will be many more good decisions than bad ones.

Without financial education, you have all the chances to make the most decisions exactly the way you should.

Do you see how the average person can do a lot of things to be financially good?

And these are just a few ideas. In reality, financial education forms a certain way of thinking and seeing the world - through perception you get to see opportunities and avoid a lot of pitfalls.

Financial education is built pyramidally - from the bottom to the top - you will make better and better decisions and you will see more and more complex and profitable opportunities as you form a healthy financial mindset and accumulate financial knowledge.

P.S. If you like to read while drinking coffee, you can offer me a coffee too.