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Survival guide in hyperinflationary economies.

First, hyperinflationary economies occur in those countries where inflation rates are above average.
It can be said that hyperinflation occurs when the indexes exceed two and three figures.

Based on that we can say that hyperinflation occurs when inflation reaches exorbitant and uncontrollable levels. Where the prices of products increase rapidly and excessively, while the value of the currency falls and is gradually devalued.

These hyperinflationary phenomena represent the consequences of countries at war, or with economic policies that are not adapted to reality.

Among the economic policies that promote hyperinflation we have the following:

  • Strict foreign exchange control of higher value.
  • Various types of currency conversion.
  • Price increase restriction, which drives shortages. In general, the merchants do not comply with these measures and sell the products at a premium because of their low supply in the market, and increased demand.
  • Implementation of rules that restrict the free supply and demand of products and services.
  • Nationalization of companies and services.
  • Decreased production of goods and provision of services.
  • Issuance and printing of bills without fiscal support.

Particularly in my case, I live in a country where the economy has been hyperinflationary, for the past five years. And I know that it is a constant struggle to survive, and what is normal in other countries, it is difficult for me to do. Because such basic things become impossible to do.

But do not despair, there is no harm that lasts a thousand years or a body that resists it. Because there are ways and alternatives to cope with this type of situation, which is not our fault and that we cannot control. But we can see a positive side with creativity and determination.

That is why today I bring you this survival guide in hyperinflationary economies. Which I know it will help you a lot, so that you live better in this type of economy, and you can guarantee yourself and your loved ones a better quality of life and well-being, without neglecting your pocket.

What must be considered?

When our environment changes, we must do it with it. What I mean by this? That in order to live in this type of economy we must change our mentality and habits.

In reference to the mentality, we must take away the idea that only with a job of eight hours a day, five days a week, will give us some positive profit. Well no, rather it generates frustration, fatigue and expenses for working hours.

In consideration of habits, we must prioritize aspects of our lives in which it is worth investing and spending. You should think more than twice and seriously, about opportunities and decisions, since your future and your family’s will depend on them.

With this we can move on to the next phase.

What should we do?

Generate active earnings

Active earnings are those income that we obtain by performing a job. These earnings depend on the effort and time we dedicate to these activities, these can be for a day’s work, sales or consulting.

When we live in hyperinflationary economies, we must take into account that we must do several things at once, to generate multiple active income.

One recommendation I can make is that you keep your job and use your free time to make sales and / or consulting, depending on your strengths. If you are an expert selling, you can offer products that generate great demand. If you are an expert in an area of ​​valuable knowledge, you can provide advice.

The idea is that you combine your best skills to move forward. Recognize that you are good and project it to the world, that people want to pay for your products and services. Lean on family, friends, coworkers and social networks to encourage, and publicize your talents, so that you can monetize them.

I do not recommend that you leave your normal job at first, but when the earnings from your sales or your services exceed your monthly salary by 25%. There is the time to evaluate the pros and cons of leaving your job.

How do we do it?

Record how much it costs you to attend your workday, includes transport, unforeseen events, food, daily clothing, laundry, among others. Then all these expenses will be subtracted from your monthly salary.

If the difference is large, I recommend that you keep the job. If the difference is small you can make the decision to abandon it, if you are going to guide 100% of your efforts and energy in selling or promoting your services. That is where entrepreneurship is born.

Another recommendation is that what you are going to receive for the purpose of liquidation of your employment, invest it in something. It can be in assets that generate more money, tools and instruments that improve your sales and services, invest in business or save it in hard currencies so that it is not devalued.

You have to take into account that you must do several things at the same time and make optimal use of your time and money. Everything that causes you losses, please leave it. Just focus on activities that generate benefits.

I recommend that you identify your target market well, in knowing your customers and their needs, and innovate in such a way that you do not resemble the competition.

Generate passive earnings

Passive earnings are those income we generate when investing, some money or very little time or effort, and are progressive over time.

Elements that, with minimal maintenance, generate income autonomously after initial work are considered.

Currently with the rise of the Internet and social networks, there are a billion ways to generate passive profits. But there are also ways that have been around for a long time.

One of the oldest ways is if you have an extra space in your house or an unused place, the ideal is to rent it to a third party. That rental money is a constant passive gain over time. Currently there are platforms on the internet with which you can boost the rental.

One of them and the most popular at this time is Airbnb, which is a software that allows you to promote your vacant spaces to the world.

Another way is to generate commission income, whether from sales, marketing, insurance, get commercial allies to third parties, achieve a contract, among others. In other words, you are a means to achieve important business transactions and charge for it, it is a great way to generate passive income.

Today, e-book writers also make a profit, since they sell their publications on the Internet and social networks, for a long period of time. Blog writers on interesting topics, too, receive residual contributions from their writings by donors, sponsors or people who love their content.

In addition, those who create guides and courses on any subject can sell them online and thus generate even more profits.

Better yet, those who invent or produce a new product, whether physical or digital, have a great chance of generating profits in the future.

You can also invest in stocks or in cryptocurrencies, which, if you’re lucky, will generate a lot of profits. But before making this type of investment I recommend that you educate yourself well on how they work, since they are volatile and fluctuating in a negative and positive ways.

Your savings convert them into currencies

Always allocate money to save, either to acquire something that will generate liquidity soon or create an emergency fund. You can allocate 8% of your income for savings.

But do not save in the official currency of your hyperinflationary country, as it loses value quickly. That is why I recommend that with that money you acquire currencies of strong value such as the dollar or the euro, so that you protect your savings from devaluation.

Commonly these currencies increase their value exponentially and quickly, in countries where inflation is out of control. And if you can acquire currency in cash much better.

When currency is acquired, there are people who do not consider it as savings, but as an investment. Which is valid because they tend to increase its value as if it were an investment.

This will bring you immense relief, in case of emergencies and any unforeseen events, because you can have it covered at any time. Without altering your expenses or income.

If you are a bit more risky and you like to negotiate, you can dedicate yourself to selling and buying currencies, according to market fluctuations and charging commissions for that. It is recommended that when the value of the currency remains constant or decreases, the ideal is to buy the currency. And when the value of the currency increases, sell them and thus recover your investment plus profit.

There is also a platform that works in Latin America, which allows and guarantees the free demand and supply of currencies, even with profit commissions. Which is Airtm, this platform allows you to work as a cashier, invest in currencies and cryptocurrencies, it is easy to use. We even have an exclusive article of that platform, if you want to check it The Airtm start up platform.

But with this do not neglect your emergency fund. Destine a part as a savings fund and another very separate, if you want to trade with the purchase and sale of currencies.

You should always save.

Invest in assets.

Assets are goods, tools and instruments that will somehow help you produce profits in the future.

Something very curious in hyperinflationary countries, people tend to emigrate to other countries. Leaving properties for sale at a low price, as well as vehicles and equipment. With this, the remaining people acquire those assets at a lower price and use them to produce money, of course you have to take into account the maintenance costs of these goods.

At least if you buy a property or a local, you can rent or place a business there. Or make remodeling and sell it more expensive, I do not recommend this because in unstable economies, people do not acquire goods of such value. Always try to keep the good and make it produce money.

If you buy a car or a truck you can put it to work as an executive taxi, travel and transportation. But in the price of these services, always consider maintenance costs in foreign currency, since they will require maintenance frequently for use.

In the case of acquiring equipment, the decision will depend on what you do.

If your job is to sell, invest in a good phone, clothing and some means of transportation that facilitates your sales.

If you dedicate yourself to advise, make projects, guides, among others, invest in a good computer and an excellent telephone.

If you have a business, invest in assets that drive it. As refrigeration equipment, cash registers, power plants, a good warehouse, production or administration systems, vehicles, training for both you and your staff, among other investments.

As for remodeling our main home or where we live, I recommend not doing remodeling or very expensive work, unless strictly necessary. Because in hyperinflationary economies, houses lose value, so they are remodeled, just make necessary repairs and maintenance to your home appliances such as air conditioners, washing machines, kitchens, among others.

Prepare a monthly budget

Once you start generating profits and investing, you must control the expenses. The only way to do this is to make a budget month by month, based on our fixed earnings and our current expenses, leaving a slack for any eventuality.

How do we make a budget?

It is not complicated, to begin with, list all your monthly expenses, which can be: food, medicines, transport, public services, education, fees for other services and place a “Other expenses” line, which this last It can be 4% of your expenses, this is in case some expense is increased unexpectedly.

Set aside your fixed monthly earnings, and what you will allocate for savings and investment.

Then next to the description of each expense place the amount of each, add them, the result of that operation will be the amount you must spend monthly and try not to spend more than that amount.

If you want to rely on programs like Excel to do it automatically. Always try to pay your services on time so that they do not accumulate and food always sees where there are offers or that they sell to the elderly.

An example of a budget can be:

Description Value
Fixed earnings xxx
Saving Fund 8% of your earnings
Investments xxx
Food xxx
Medicines xxx
Education xxx
Public services xxx
Private Services xxx
Transport xxx
Other expenses xxx
Total, expenses: xxx

You must update the amount of each expense monthly, since, in hyperinflationary economies, everything fluctuates from one moment to another. Stick to the budget and you will see how the money will yield to cover all your needs.


In hyperinflationary economies it is very common for people to borrow, in the official currency of the country. Since its value is devalued very quickly, people are indebted to acquire an asset or a good at the moment, and they know that the fees and interests will be devalued, practically the fee will be worth nothing in the future.

But with this you have to be very careful, before borrowing, evaluate your borrowing capacity and if you can later cancel the installments without problems. Also consider what you are going to do with that money, please invest it in something that generates more money or save it in foreign exchange.

In conclusion, to live in hyperinflationary economies, you must think before acting, evaluate your options well and improve your savings, investment and spending habits. With these recommendations in this guide you can cope with hyperinflation without problems.
I hope it helps you improve your quality of life in adverse conditions.

Atte .: Mariajosé.

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