Cutting back is not a sustainable option. As eventually you are going to run out of things to cut back on, then you will be cutting your wrists.
Me, I say fight fire with fire! To heck, with the cost of living. With ingenuity and discipline you can be living in the lap of luxury. In the world there those who have and there are those who do not. If these two groups collaborate it is amazing what can be achieved. Holding onto your money in fear is not going to give you any more money; it will in fact retard your progress financially. What if there was a way in which you could benefit a less fortunate person than yourself and make money at the same time? Sounds too good to be true? Well guess what there is a solution. Success comes from co-operation not competition. There is a plan available whereby friends and family can collaborate to create a win-win situation for all concerned. When the going gets tough the tough should pull together. Together we can overcome. The haves should invest into the have nots and help to uplift them. People with dignity do not want hand outs, they want and need a hand up.
This hand up can be structured in a fashion whereby you can make money; it is called a win-win deal. Remember people who come to you with a proposal and looking for you to invest are obviously doing it because they need the money. Do not expect them to come to you with all the flash, bells and whistles. Evaluate their proposal on merit and what you can get out of the deal. If they have access to more money then they can advertise and further increase their sales, this will benefit you. Think out of the box and have an open mind, you never know when you walk away from the deal of the century.
