On beating inflation
Skill helps you to beat inflation?
My younger daughter has been complaining that food portion in the school canteen had shrunk and the prices had risen.
Inflation has finally crept into the school canteen.
For the “well to do” kids, it meant that instead of one serving they are having two instead3.
As for the regular kids, they have gotten down to fight inflation with their money making skills.
Simple businesses include providing services to your classmates for a fee.
Some of them started folding paper stars for sale (prices starts at 20 cents for a bag of stars).
My daughter started manufacturing paper notebook for sales (prices starts at 20 cents) - at her profit but on her dad expense.4
During 2022 Berkshire Hathaway AGM, Buffett talks about how to beat inflation. He stated that the best thing a person can do to protect against inflation was to sharpen their skills and focus on being at the top of their field.
"The best thing to do is invest in yourself.”
To further their entrepreneurial exploit5, my daughter had been organising her friends (including her dad) to work on building a game on Roblox with an aim for monetisation.
They are working hard to beat inflation and may just be picking up the right attitude and skills to further invest in themselves.
They are train from young to discuss about the food they are going to have during canteen break every single day
It happens to be my first brush with inflation too.
2 serving will equate to around 1.5x serving of the past. I could imagine some parent wondering why their child is inflating in their waist line.
Cover could be customised to your preference which comes at higher price
The discipline master put a stop to all business transaction in school. They have to move their operation online.