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HomeBUSINESSWhy are you getting poorer if you don't have income in dollars?

Why are you getting poorer if you don’t have income in dollars?

Today, more than ever, it is imperative to generate income in dollars to maintain a good quality of life, and also to stay away from shortages, debts and lack of liquidity.

It is undeniable that we need a refuge currency to face the economic crisis we are experiencing, both in Latin America and in other first world countries (including the United States).

In this article we are going to tell you the reasons why you should generate income in dollars, and the alternatives you have to start earning money in 7 days.

Why generate extra income in dollars

These are some of the reasons you should take into account to take control of your finances and avoid falling into debt, or worse, bankruptcy.

Devaluation of Latin American currencies

The devaluation advances steadily and does not give a break to your savings capacity, much less to the income in your local currency.

If you live in a Latin American country, it is likely that you are experiencing firsthand the ravages of devaluation.

In simple words, your country’s currency is experiencing a sharp loss in value against the US dollar.

Therefore, you need to generate more money to purchase the same amount of goods or services. This means that your money does not have the same return and that your purchasing power is in free fall.

According to data from Statistical(one of the most reliable statistics portals in the world), the performance of Latin American currencies, against the US dollar, has experienced a surprising price variation between December 2021 and August 2022.

The Argentine peso registered the worst performance of the Latin American currencies, since its depreciation was 30.34%, compared to the exchange rate.

For its part, the Colombian currency has been the most volatile in recent months, exceeding the mark of 4,550 Colombian pesos for each US dollar.

headline inflation

The general increase in the prices of goods and services has also been disproportionate in Latin America during 2022.

At the beginning of the year the Economic Commission for Latin America (CEPAL)presented a report that set off many alarms as it contained distressing facts and figures.

The increase in the costs of raw materials and many food items, the Coronavirus pandemic and the crisis in Ukraine, fueled inflation in several countries in the region.

Venezuela has been the most affected country. In May 2022, its annualized inflation rate was 167.2.

The other Latin American countries hardest hit by the generalized and sustained rise in prices during that same month were:

  • Argentina (60.7).
  • Brazil (11.7).
  • Chile (11.5).
  • Paraguay (11.4).
  • Colombia (9.07).
  • Uruguay (8.13).
  • Peru (8.09).
  • Mexico (7.65).
  • Ecuador (2.24).
  • Bolivian (1.41).

In addition, the International Monetary Fund has calculated that at least 95 countries will experience inflation greater than 5% in 2022 (outperforming the world average of 8.8%).

The hardest hit nations would be Venezuela, Argentina, Turkey, Sudan and Zimbabwe. So if you live in the Latin American continent you need to start generating income in dollars right now.

Increase in interest rates

Rising interest rates also have serious financial repercussions, and if you don’t have the right tools, you could be another victim of them.

So far this year, the United States Federal Reserve (FED) has raised interest rates four times.

The most recent increase was announced at the beginning of November and is equivalent to 0.75% (The purpose of these measures is to reduce the inflation that has brutally hit the US economy).

Are you wondering what the direct repercussions of this type of increase are? Perhaps it is not clear to you, but these decisions reduce your financial opportunities and threaten your quality of life.

How? Basically, it will be more expensive for you to borrow from commercial banks because the interest rates are higher. (Since it is more expensive to borrow, your purchasing power is the most affected).

And if you have a company you will not be able to get rid of this circumstance either. On the contrary, it is very likely that their investment capacity will be reduced in the long term (in the next two or three years), due to the global paralysis of financial growth.

Generating income in dollars is the answer

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The devaluation of Latin American currencies against the US dollar, the brutal inflation in many countries of the continent, and the rise in interest rates that central banks are announcing, are an urgent call to action.

The generation of income in dollars has ceased to be a luxury and has become a great escape valve from the financial crisis.

If you don’t know how to start, I invite you to review the 7-Day Challenge to generate your first income in dollars.

Not only will you learn to create extra income in dollars, but you will also take complete control of your personal finances in times of inflation, devaluation and economic crisis.

What is the 7 Day Challenge? These are video trainings, with immediate actions to learn how to generate income in dollars in less than a week. And the best thing is that you don’t have to be an expert, have thousands of followers or speak English.

And so that you have greater peace of mind, that you have everything to gain and nothing to lose, this Challenge to generate income in dollars has a 7-day satisfaction guarantee. If you do not feel that we are delivering value to you, you can ask for your money and we will return it to you immediately.

JOIN THE CHALLENGE NOW

Generate income in dollars in a week and control inflation and devaluation

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Don’t let it affect you! If you sit idly by, your purchasing power will be less and less, your money will not have the expected return and you will also be sacrificing your quality of life.

As if that were not enough, you will be putting your future and that of your relatives at risk, and not only in the short term, but in the next three or four years.

So what should you do? The best recommendation we can give you is that you take refuge in strong currencies, such as the dollar, to face the global financial crisis in a more sensible or less traumatic way.

Fortunately, you have a great ally to get down to work and quickly take control of your finances. It’s called the Internet and it’s entirely within your reach!

Today you can make the decision to learn to generate passive income in dollars, without leaving the house, without speaking English and creating new sources of income to have greater financial security.

That’s exactly what you’ll learn in this 7-day online challenge. It only takes one week to turn your finances around and start becoming more financially prosperous!

So take action now and click here to join the 7-Day Challenge to generate your first extra dollar income.

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